Baytex Energy Corp. (TSE:BTE – Get Free Report) (NYSE:BTE) has earned an average rating of “Moderate Buy” from the eleven analysts that are presently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$7.05.
Separately, Raymond James Financial boosted their price objective on shares of Baytex Energy from C$8.00 to C$8.50 and gave the stock a “strong-buy” rating in a research note on Friday, July 31st.
Check Out Our Latest Stock Analysis on Baytex Energy
Baytex Energy Stock Performance
Baytex Energy (TSE:BTE – Get Free Report) (NYSE:BTE) last issued its quarterly earnings results on Thursday, July 30th. The company reported C$0.24 EPS for the quarter. The firm had revenue of C$564.88 million for the quarter. Baytex Energy had a negative net margin of 131.38% and a negative return on equity of 26.41%. On average, research analysts predict 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, October 1st. Stockholders of record on Thursday, October 1st will be issued a dividend of $0.0225 per share. This represents a $0.09 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 15th. Baytex Energy’s payout ratio is presently -7.34%.
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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