Baytex Energy Corp. (TSE:BTE) Receives C$6.11 Consensus PT from Analysts

Shares of Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) have received a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$6.11.

A number of equities research analysts recently issued reports on the stock. Raymond James raised shares of Baytex Energy to a “hold” rating in a research note on Thursday, October 17th. TD Securities cut their price target on Baytex Energy from C$6.00 to C$5.50 in a report on Tuesday, October 1st. Canaccord Genuity Group reduced their target price on shares of Baytex Energy from C$6.50 to C$6.00 in a research note on Tuesday, October 22nd. National Bankshares decreased their price target on Baytex Energy from C$8.00 to C$7.50 in a research note on Friday, September 27th. Finally, Royal Bank of Canada lowered their price objective on shares of Baytex Energy from C$6.50 to C$5.50 in a research report on Tuesday, September 17th.

Insider Transactions at Baytex Energy

In other Baytex Energy news, Senior Officer Chadwick Kalmakoff bought 12,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average price of C$4.18 per share, for a total transaction of C$50,160.00. Corporate insiders own 0.83% of the company’s stock.

Baytex Energy Price Performance

TSE:BTE opened at C$4.31 on Tuesday. The stock has a market capitalization of C$3.47 billion, a PE ratio of -6.25, a price-to-earnings-growth ratio of 0.12 and a beta of 2.61. Baytex Energy has a 52 week low of C$3.85 and a 52 week high of C$5.66. The stock’s 50-day moving average price is C$4.28 and its 200-day moving average price is C$4.66. The company has a quick ratio of 0.77, a current ratio of 0.72 and a debt-to-equity ratio of 62.33.

Baytex Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be paid a dividend of $0.023 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 2.13%. Baytex Energy’s payout ratio is -13.04%.

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.