Baytex Energy Corp. (TSE:BTE) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) have been given a consensus rating of “Moderate Buy” by the ten research firms that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$6.48.

BTE has been the subject of a number of research analyst reports. Royal Bank of Canada lowered their target price on Baytex Energy from C$7.00 to C$6.50 and set an “outperform” rating for the company in a research note on Monday, May 13th. CIBC raised their target price on Baytex Energy from C$6.00 to C$6.50 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Stifel Nicolaus raised their target price on Baytex Energy from C$6.25 to C$7.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. TD Securities raised their price objective on Baytex Energy from C$5.50 to C$6.00 in a research report on Friday, May 10th. Finally, BMO Capital Markets set a C$6.00 price objective on Baytex Energy and gave the company a “market perform” rating in a research report on Tuesday, April 9th.

Insiders Place Their Bets

In other Baytex Energy news, Senior Officer Chadwick Kalmakoff bought 10,000 shares of Baytex Energy stock in a transaction on Wednesday, June 12th. The stock was acquired at an average price of C$4.61 per share, with a total value of C$46,100.00. In other news, Director Mark Bly acquired 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was bought at an average price of C$3.42 per share, with a total value of C$51,300.00. Also, Senior Officer Chadwick Kalmakoff acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was purchased at an average cost of C$4.61 per share, with a total value of C$46,100.00. In the last quarter, insiders acquired 47,350 shares of company stock valued at $193,603. Corporate insiders own 0.79% of the company’s stock.

Baytex Energy Trading Up 2.5 %

TSE BTE opened at C$4.86 on Wednesday. Baytex Energy has a fifty-two week low of C$3.96 and a fifty-two week high of C$6.37. The company has a debt-to-equity ratio of 63.22, a quick ratio of 0.77 and a current ratio of 0.67. The stock has a 50 day simple moving average of C$4.78 and a two-hundred day simple moving average of C$4.63. The stock has a market cap of C$3.99 billion, a P/E ratio of -11.05, a price-to-earnings-growth ratio of 0.12 and a beta of 2.76.

Baytex Energy (TSE:BTE) (NYSE:BTE) last released its earnings results on Thursday, May 9th. The company reported C($0.02) EPS for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.15). The firm had revenue of C$984.19 million during the quarter. Baytex Energy had a negative net margin of 9.88% and a negative return on equity of 8.56%. On average, analysts forecast that Baytex Energy will post 0.4249084 earnings per share for the current year.

Baytex Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Tuesday, July 2nd were issued a $0.023 dividend. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Friday, June 14th. Baytex Energy’s payout ratio is -20.45%.

Baytex Energy Company Profile

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.