Baytex Energy Corp. (TSE:BTE) Receives C$5.84 Average Target Price from Analysts

Shares of Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) have earned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$5.84.

BTE has been the subject of a number of analyst reports. Royal Bank of Canada dropped their price objective on shares of Baytex Energy from C$5.50 to C$5.00 in a report on Tuesday, January 14th. CIBC dropped their price objective on shares of Baytex Energy from C$6.00 to C$5.00 in a report on Friday, January 17th. BMO Capital Markets dropped their price objective on shares of Baytex Energy from C$6.00 to C$5.50 in a report on Wednesday, December 4th. Canaccord Genuity Group dropped their price objective on shares of Baytex Energy from C$6.50 to C$6.00 in a report on Tuesday, October 22nd. Finally, National Bankshares dropped their price objective on shares of Baytex Energy from C$8.00 to C$7.50 in a report on Friday, September 27th.

Baytex Energy Price Performance

Baytex Energy stock opened at C$3.75 on Friday. Baytex Energy has a 52-week low of C$3.15 and a 52-week high of C$5.55. The firm has a market capitalization of C$3.02 billion, a price-to-earnings ratio of -5.43, a PEG ratio of 0.12 and a beta of 2.61. The company has a fifty day simple moving average of C$3.79 and a 200-day simple moving average of C$4.27. 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 (TSE:BTE) (NYSE:BTE) last released its earnings results on Thursday, October 31st. The company reported C$0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.19 by C$0.04. Baytex Energy had a negative net margin of 11.92% and a negative return on equity of 9.55%. During the same quarter last year, the business earned $0.15 earnings per share. On average, equities analysts anticipate that Baytex Energy will post 0.3703367 EPS for the current fiscal year.

Baytex Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Thursday, January 2nd were given a $0.023 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.09 dividend on an annualized basis and a yield of 2.45%. Baytex Energy’s payout ratio is currently -13.04%.

Insider Buying and Selling at Baytex Energy

In other Baytex Energy news, Senior Officer Nicole Marie Frechette purchased 8,200 shares of Baytex Energy stock in a transaction dated Monday, December 9th. The shares were acquired at an average price of C$3.67 per share, with a total value of C$30,094.00. 0.83% of the stock is currently owned by corporate insiders.

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.