Shares of Baytex Energy Corp. (TSE:BTE – Get Free Report) (NYSE:BTE) have earned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$7.00.
Several equities research analysts have recently issued reports on BTE shares. National Bank Financial increased their price objective on shares of Baytex Energy from C$7.50 to C$8.50 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Scotia increased their price objective on shares of Baytex Energy from C$6.50 to C$7.50 and gave the stock a “sector outperform” rating in a research report on Friday, May 8th. TD increased their price objective on shares of Baytex Energy from C$6.00 to C$6.50 and gave the stock a “hold” rating in a research report on Monday, May 11th. ATB Cormark Capital Markets increased their price objective on shares of Baytex Energy from C$7.00 to C$8.50 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Finally, Royal Bank Of Canada increased their price objective on shares of Baytex Energy from C$6.50 to C$7.00 and gave the stock a “sector perform” rating in a research report on Monday, May 11th.
View Our Latest Analysis on BTE
Baytex Energy Trading Down 4.5%
Baytex Energy (TSE:BTE – Get Free Report) (NYSE:BTE) last issued its quarterly earnings data on Thursday, May 7th. The company reported C($0.09) earnings per share (EPS) for the quarter. Baytex Energy had a negative return on equity of 23.15% and a negative net margin of 83.88%.The company had revenue of C$401.37 million for the quarter. Equities research analysts anticipate that Baytex Energy will post 0.3703367 EPS for the current year.
Baytex Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Thursday, July 2nd will be given a dividend of $0.0225 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.09 annualized dividend and a dividend yield of 1.4%. Baytex Energy’s dividend payout ratio is currently -7.03%.
Insider Activity at Baytex Energy
In related news, insider Chad Lundberg acquired 11,000 shares of the stock in a transaction dated Monday, March 30th. The stock was bought at an average price of C$6.15 per share, with a total value of C$67,650.00. Following the completion of the transaction, the insider directly owned 613,401 shares of the company’s stock, valued at approximately C$3,772,416.15. The trade was a 1.83% increase in their ownership of the stock. Also, insider Nicole Marie Frechette acquired 8,500 shares of the stock in a transaction dated Thursday, April 2nd. The shares were bought at an average cost of C$5.84 per share, with a total value of C$49,640.00. Following the transaction, the insider directly owned 73,026 shares of the company’s stock, valued at C$426,471.84. This represents a 13.17% increase in their ownership of the stock. Insiders have purchased 49,800 shares of company stock valued at $293,188 over the last three months. Insiders own 0.83% of the company’s stock.
About Baytex Energy
Baytex Energy Corp. is a Calgary -based energy company committed to driving shareholder value through disciplined execution. It operates a high-quality, high-return portfolio in the Western Canadian Sedimentary Basin, featuring the Pembina Duvernay and heavy oil plays in Alberta and Saskatchewan. These core assets are backed by an extensive drilling inventory and consistently generate strong cash flow.
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