Chadwick Kalmakoff Purchases 12,000 Shares of Baytex Energy Corp. (TSE:BTE) Stock

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) Senior Officer Chadwick Kalmakoff bought 12,000 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average cost of C$4.18 per share, for a total transaction of C$50,160.00.

Chadwick Kalmakoff also recently made the following trade(s):

• On Wednesday, June 12th, Chadwick Kalmakoff bought 10,000 shares of Baytex Energy stock. The stock was bought at an average cost of C$4.61 per share, for a total transaction of C$46,100.00.

Baytex Energy Price Performance

BTE stock traded down C$0.14 during trading on Friday, hitting C$4.18. 6,923,458 shares of the company’s stock traded hands, compared to its average volume of 4,598,175. Baytex Energy Corp. has a 52 week low of C$3.96 and a 52 week high of C$6.37. The company has a debt-to-equity ratio of 62.33, a quick ratio of 0.77 and a current ratio of 0.72. The business has a fifty day simple moving average of C$4.83 and a 200 day simple moving average of C$4.80. The stock has a market capitalization of C$3.36 billion, a price-to-earnings ratio of -6.16, a P/E/G ratio of 0.12 and a beta of 2.65.

Baytex Energy (TSE:BTE) (NYSE:BTE) last released its earnings results on Thursday, July 25th. The company reported C$0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.16 by C($0.03). The firm had revenue of C$1.13 billion during the quarter, compared to the consensus estimate of C$1.04 billion. Baytex Energy had a negative return on equity of 9.55% and a negative net margin of 11.92%. As a group, research analysts expect that Baytex Energy Corp. will post 0.4199475 EPS for the current fiscal year.

Baytex Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be issued a $0.023 dividend. The ex-dividend date is Monday, September 16th. This represents a $0.09 annualized dividend and a dividend yield of 2.20%. Baytex Energy’s dividend payout ratio (DPR) is presently -13.04%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Canaccord Genuity Group increased their price target on shares of Baytex Energy from C$6.25 to C$6.50 in a research report on Friday, July 26th. TD Securities increased their price target on shares of Baytex Energy from C$5.50 to C$6.00 in a research report on Friday, May 10th. Finally, Royal Bank of Canada reduced their price target on shares of Baytex Energy from C$7.00 to C$6.50 and set an “outperform” rating on the stock in a research report on Monday, May 13th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$6.35.

About Baytex Energy

Baytex Energy Corp., an energy company, engages in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford, the United States. The company offers light oil and condensate, heavy oil, natural gas liquids, and natural gas.