Q4 EPS Estimates for Baytex Energy Lifted by Atb Cap Markets

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) – Analysts at Atb Cap Markets raised their Q4 2024 earnings estimates for Baytex Energy in a research report issued on Friday, November 1st. Atb Cap Markets analyst A. Arif now expects that the company will post earnings per share of $0.16 for the quarter, up from their prior forecast 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 analysts have also issued reports on the stock. Royal Bank of Canada dropped their target price on shares of Baytex Energy from C$6.50 to C$5.50 in a research report on Tuesday, September 17th. TD Securities dropped their target price on shares of Baytex Energy from C$6.00 to C$5.50 in a research report on Tuesday, October 1st. National Bankshares dropped their target price on shares of Baytex Energy from C$8.00 to C$7.50 in a research report on Friday, September 27th. Canaccord Genuity Group dropped their target price on shares of Baytex Energy from C$6.50 to C$6.00 in a research report on Tuesday, October 22nd. Finally, Raymond James raised shares of Baytex Energy to a “hold” rating in a research report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$6.11.

Baytex Energy Trading Up 4.1 %

TSE:BTE opened at C$4.09 on Monday. Baytex Energy has a 12 month low of C$3.85 and a 12 month high of C$6.35. The company’s 50 day moving average is C$4.33 and its 200-day moving average is C$4.68. The firm has a market cap of C$3.29 billion, a price-to-earnings ratio of -5.93, a P/E/G 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.

Insider Activity

In other news, Senior Officer Chadwick Kalmakoff bought 12,000 shares of Baytex Energy stock in a transaction dated Friday, September 6th. The shares were bought at an average price of C$4.18 per share, for a total transaction of C$50,160.00. 0.83% of the stock is owned by corporate insiders.

Baytex Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be paid a $0.023 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.09 annualized dividend and a dividend yield of 2.25%. Baytex Energy’s dividend payout ratio is presently -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.