Brokerages Set Baytex Energy Corp. (TSE:BTE) PT at C$5.84

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$5.84.

A number of equities analysts have issued reports on the stock. ATB Capital reduced their price target on shares of Baytex Energy from C$5.50 to C$5.20 in a research report on Wednesday, December 4th. Royal Bank of Canada cut their target price on shares of Baytex Energy from C$5.50 to C$5.00 in a report on Tuesday, January 14th. Raymond James raised shares of Baytex Energy to a “hold” rating in a report on Thursday, October 17th. CIBC cut their target price on shares of Baytex Energy from C$6.00 to C$5.00 in a report on Friday, January 17th. Finally, TD Securities cut their target price on shares of Baytex Energy from C$6.00 to C$5.50 in a report on Tuesday, October 1st.

Insider Activity at Baytex Energy

In other Baytex Energy news, Senior Officer Nicole Marie Frechette bought 8,200 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was 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 owned by corporate insiders.

Baytex Energy Stock Performance

BTE opened at C$3.75 on Friday. Baytex Energy has a 12-month low of C$3.15 and a 12-month high of C$5.55. The company has a current ratio of 0.72, a quick ratio of 0.77 and a debt-to-equity ratio of 62.33. The firm has a market capitalization of C$3.02 billion, a PE ratio of -5.43, a P/E/G ratio of 0.12 and a beta of 2.61. The firm has a 50 day moving average of C$3.79 and a two-hundred day moving average of C$4.27.

Baytex Energy (TSE:BTE) (NYSE:BTE) last posted its quarterly 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 firm posted $0.15 earnings per share. On average, analysts anticipate that Baytex Energy will post 0.3703367 EPS for the current year.

Baytex Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Thursday, January 2nd were paid 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 dividend payout ratio is currently -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.