Baytex Energy Corp. (TSE:BTE) Receives C$6.35 Average PT from Brokerages

Shares of Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) have earned an average rating of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$6.25.

BTE has been the topic of several recent research reports. Royal Bank of Canada lowered their price objective on Baytex Energy from C$6.50 to C$5.50 in a research report on Tuesday. Canaccord Genuity Group boosted their target price on shares of Baytex Energy from C$6.25 to C$6.50 in a research note on Friday, July 26th.

Baytex Energy Trading Down 0.7 %

TSE BTE opened at C$4.23 on Monday. Baytex Energy has a 1 year low of C$3.92 and a 1 year high of C$6.37. The company has a debt-to-equity ratio of 62.33, a current ratio of 0.72 and a quick ratio of 0.77. The company has a market capitalization of C$3.41 billion, a PE ratio of -6.13, a P/E/G ratio of 0.12 and a beta of 2.65. The company has a fifty day moving average of C$4.72 and a 200 day moving average of C$4.77.

Baytex Energy (TSE:BTE) (NYSE:BTE) last issued its quarterly earnings data 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 company had revenue of C$1.13 billion during the quarter, compared to analyst estimates of C$1.04 billion. Baytex Energy had a negative net margin of 11.92% and a negative return on equity of 9.55%. Research analysts forecast that Baytex Energy will post 0.6550633 earnings per share for the current year.

Baytex Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, October 1st will be given a dividend of $0.023 per share. This represents a $0.09 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Monday, September 16th. Baytex Energy’s dividend payout ratio is presently -13.04%.

Insider Buying and Selling at Baytex Energy

In other news, Senior Officer Chadwick Kalmakoff acquired 12,000 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average cost of C$4.18 per share, for a total transaction of C$50,160.00. Insiders own 0.82% of the company’s stock.

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.