Baytex Energy (TSE:BTE) Price Target Lowered to C$5.20 at ATB Capital

Baytex Energy (TSE:BTE) (NYSE:BTE) had its target price lowered by ATB Capital from C$5.50 to C$5.20 in a research report released on Wednesday morning,BayStreet.CA reports.

Other analysts also recently issued research reports about the company. Royal Bank of Canada lowered their target price on Baytex Energy from C$6.50 to C$5.50 in a research note on Tuesday, September 17th. TD Securities decreased their price target on Baytex Energy from C$6.00 to C$5.50 in a report on Tuesday, October 1st. Raymond James raised Baytex Energy to a “hold” rating in a report on Thursday, October 17th. National Bankshares decreased their target price on shares of Baytex Energy from C$8.00 to C$7.50 in a research note on Friday, September 27th. Finally, BMO Capital Markets decreased their target price on shares of Baytex Energy from C$6.00 to C$5.50 in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$5.97.

Baytex Energy Price Performance

TSE:BTE opened at C$3.77 on Wednesday. The firm’s fifty day moving average is C$4.13 and its two-hundred day moving average is C$4.52. The firm has a market cap of C$3.03 billion, a price-to-earnings ratio of -5.46, a PEG ratio of 0.12 and a beta of 2.61. 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 has a one year low of C$3.66 and a one year high of C$5.55.

Baytex Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.023 per share. This represents a $0.09 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Friday, December 13th. Baytex Energy’s dividend payout ratio is presently -13.04%.

Insider Buying and Selling

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

Baytex Energy Company Profile

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.