Baytex Energy (TSE:BTE) Director Mark Bly Purchases 20,000 Shares

Baytex Energy Corp. (TSE:BTE - Get Free Report) NYSE: BTE Director Mark Bly acquired 20,000 shares of the company's stock in a transaction dated Wednesday, December 24th. The shares were acquired at an average cost of C$4.50 per share, with a total value of C$90,000.00. Following the completion of the purchase, the director owned 575,638 shares in the company, valued at approximately C$2,590,371. This represents a 3.60% increase in their ownership of the stock.Get Baytex Energy alerts:Baytex Energy Price PerformanceShares of Baytex Energy stock traded up C$0.01 during trading on Friday, hitting C$4.35. 1,645,836 shares of the company were exchanged, compared to its average volume of 5,497,106. Baytex Energy Corp. has a fifty-two week low of C$1.91 and a fifty-two week high of C$4.65. The company has a quick ratio of 0.77, a current ratio of 0.69 and a debt-to-equity ratio of 57.38. The firm has a 50 day moving average price of C$4.02 and a 200 day moving average price of C$3.33. The stock has a market capitalization of C$3.34 billion, a price-to-earnings ratio of 15.54, a P/E/G ratio of 0.12 and a beta of 0.97. Baytex Energy (TSE:BTE - Get Free Report) NYSE: BTE last released its quarterly earnings results on Thursday, October 30th. The company reported C$0.04 earnings per share for the quarter. Baytex Energy had a negative return on equity of 8.96% and a negative net margin of 10.45%.The company had revenue of C$746.42 million during the quarter. On average, equities analysts expect that Baytex Energy Corp. will post 0.3703367 earnings per share for the current fiscal year. Baytex Energy Dividend AnnouncementThe company also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, January 2nd will be paid a dividend of $0.0225 per share. This represents a $0.09 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, December 15th. Baytex Energy's dividend payout ratio (DPR) is currently 32.14%. Analyst Upgrades and DowngradesSeveral equities analysts recently issued reports on the stock. BMO Capital Markets raised shares of Baytex Energy from a "hold" rating to an "outperform" rating and upped their price objective for the company from C$3.00 to C$6.00 in a research note on Thursday, November 13th. Capital One Financial raised Baytex Energy to a "hold" rating in a research note on Monday, October 27th. Scotiabank upgraded Baytex Energy from a "hold" rating to an "outperform" rating and raised their price objective for the stock from C$4.00 to C$5.25 in a report on Thursday, November 13th. Raymond James Financial raised Baytex Energy from a "hold" rating to a "moderate buy" rating in a research report on Thursday, November 13th. Finally, National Bankshares dropped their target price on Baytex Energy from C$4.75 to C$4.50 and set an "outperform" rating for the company in a research note on Wednesday, October 22nd. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$4.79.Check Out Our Latest Stock Analysis on BTEBaytex Energy Company Profile (Get Free Report)Baytex Energy Corp is an oil and gas company. Geographically, the group operates in Canada and the United States. The company derives a majority of revenue from Canada. Its Canada segment includes the exploration, development, and production of crude oil and natural gas in Western Canada. Read MoreFive stocks we like better than Baytex EnergyDo not delete, read immediatelyINVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting OffCan Any Expenses Be Deducted From Capital Gains Tax?Do you know what Amazon is planning for January 1?Buffett, Gates and Bezos Quietly Dumping Stocks—Here's WhyThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Baytex Energy Right Now?Before you consider Baytex Energy, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Baytex Energy wasn't on the list.While Baytex Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here