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

Shares of Baytex Energy Corp. (TSE:BTEGet Free Report) (NYSE:BTE) have been assigned an average recommendation of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$5.84.

BTE has been the topic of several recent research reports. ATB Capital dropped their price objective on shares of Baytex Energy from C$5.50 to C$5.20 in a research note on Wednesday, December 4th. BMO Capital Markets cut their price target on shares of Baytex Energy from C$6.00 to C$5.50 in a report on Wednesday, December 4th. Raymond James raised Baytex Energy to a “hold” rating in a report on Thursday, October 17th. TD Securities cut their target price on Baytex Energy from C$6.00 to C$5.50 in a research note on Tuesday, October 1st. Finally, Royal Bank of Canada decreased their price target on Baytex Energy from C$5.50 to C$5.00 in a research note on Tuesday, January 14th.

Check Out Our Latest Stock Analysis on Baytex Energy

Baytex Energy Price Performance

Shares of BTE opened at C$3.68 on Friday. Baytex Energy has a fifty-two week low of C$3.15 and a fifty-two week high of C$5.55. The company has a market capitalization of C$2.96 billion, a price-to-earnings ratio of -5.33, a price-to-earnings-growth ratio of 0.12 and a beta of 2.61. The firm has a 50-day simple moving average of C$3.78 and a 200-day simple moving average of C$4.27. The company has a debt-to-equity ratio of 62.33, a quick ratio of 0.77 and a current ratio of 0.72.

Baytex Energy (TSE:BTEGet Free Report) (NYSE:BTE) last posted its quarterly earnings data on Thursday, October 31st. The company reported C$0.23 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.19 by C$0.04. Baytex Energy had a negative return on equity of 9.55% and a negative net margin of 11.92%. During the same quarter in the previous year, the business posted $0.15 earnings per share. On average, equities research analysts anticipate that Baytex Energy will post 0.3703367 earnings per share for the current year.

Baytex Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Thursday, January 2nd were given a dividend of $0.023 per share. The ex-dividend date was Friday, December 13th. This represents a $0.09 dividend on an annualized basis and a yield of 2.50%. Baytex Energy’s payout ratio is -13.04%.

Insider Activity

In related news, Senior Officer Nicole Marie Frechette acquired 8,200 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was purchased at an average cost of C$3.67 per share, for a total transaction of C$30,094.00. Company insiders own 0.83% of the company’s stock.

Baytex Energy Company Profile

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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.

See Also

Analyst Recommendations for Baytex Energy (TSE:BTE)

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