Atb Cap Markets Lifts Earnings Estimates for Baytex Energy

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) – Stock analysts at Atb Cap Markets upped their Q4 2024 EPS estimates for shares of Baytex Energy in a report issued on Friday, November 1st. Atb Cap Markets analyst A. Arif now forecasts that the company will post earnings per share of $0.16 for the quarter, up from their prior estimate of $0.13. The consensus estimate for Baytex Energy’s current full-year earnings is $0.37 per share. Atb Cap Markets also issued estimates for Baytex Energy’s Q1 2025 earnings at $0.18 EPS, Q2 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.14 EPS, Q4 2025 earnings at $0.15 EPS, FY2025 earnings at $0.66 EPS and FY2026 earnings at $0.27 EPS.

A number of other equities research analysts have also recently issued reports on the stock. National Bankshares reduced their target price on shares of Baytex Energy from C$8.00 to C$7.50 in a research report on Friday, September 27th. Raymond James raised Baytex Energy to a “hold” rating in a research report on Thursday, October 17th. Royal Bank of Canada cut their target price on Baytex Energy from C$6.50 to C$5.50 in a research report on Tuesday, September 17th. TD Securities decreased their price target on Baytex Energy from C$6.00 to C$5.50 in a research report on Tuesday, October 1st. Finally, Canaccord Genuity Group reduced their price objective on shares of Baytex Energy from C$6.50 to C$6.00 in a research note on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$6.11.

Baytex Energy Trading Up 4.4 %

Shares of BTE stock opened at C$4.27 on Monday. The company has a market capitalization of C$3.44 billion, a PE ratio of -6.19, a price-to-earnings-growth ratio of 0.12 and a beta of 2.61. 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 has a 12-month low of C$3.85 and a 12-month high of C$6.15. The firm has a 50 day moving average price of C$4.31 and a two-hundred day moving average price of C$4.67.

Insider Buying and Selling at Baytex Energy

In other news, Senior Officer Chadwick Kalmakoff bought 12,000 shares of the stock in a transaction on Friday, September 6th. The stock was acquired at an average price of C$4.18 per share, with a total value of C$50,160.00. Company insiders own 0.83% of the company’s stock.

Baytex Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be paid a $0.023 dividend. This represents a $0.09 annualized dividend and a yield of 2.15%. The ex-dividend date is Friday, December 13th. 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.