Baytex Energy (TSE:BTE) Price Target Raised to C$9.50

Baytex Energy (TSE:BTE – Free Report) (NYSE:BTE) had its price target hoisted by National Bank Financial from C$8.50 to C$9.50 in a research report sent to investors on Wednesday,BayStreet reports. The firm currently has an outperform rating on the stock.

Separately, Raymond James Financial raised their price target on 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. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$7.15.

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Baytex Energy Stock Up 1.5%

Shares of TSE:BTE opened at C$6.59 on Wednesday. The stock’s 50-day moving average is C$6.46 and its 200 day moving average is C$6.28. The company has a market cap of C$4.61 billion, a PE ratio of -7.16, a P/E/G ratio of 0.12 and a beta of 0.39. The company has a debt-to-equity ratio of 6.94, a current ratio of 2.82 and a quick ratio of 0.77. Baytex Energy has a 1 year low of C$3.07 and a 1 year high of C$7.37.

Baytex Energy (TSE:BTE – Get Free Report) (NYSE:BTE) last released its quarterly earnings data on Thursday, July 30th. The company reported C$0.24 earnings per share for the quarter. The business had revenue of C$564.88 million during the quarter. Baytex Energy had a negative return on equity of 26.41% and a negative net margin of 131.38%. Sell-side analysts anticipate that Baytex Energy will post 0.3703367 EPS for the current year.

Baytex Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, October 1st were given a dividend of $0.0225 per share. This represents a $0.09 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 15th. Baytex Energy’s payout ratio is presently -7.34%.

Baytex Energy Company Profile

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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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