Shares of Baytex Energy Corp. (TSE:BTE – Get Free Report) (NYSE:BTE) have received an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$7.32.
A number of brokerages recently weighed in on BTE. Jefferies Financial Group assumed coverage on Baytex Energy in a report on Tuesday, October 27th. They set a “buy” rating and a C$9.00 price objective on the stock. Raymond James Financial upped their target price on Baytex Energy from C$8.00 to C$8.50 and gave the company a “strong-buy” rating in a report on Friday, July 31st. Finally, National Bank Financial boosted their target price on shares of Baytex Energy from C$8.50 to C$9.50 and gave the company an “outperform” rating in a research report on Wednesday, September 30th.
View Our Latest Stock Report on Baytex Energy
Baytex Energy Stock Down 0.2%
BTE opened at C$5.92 on Friday. Baytex Energy has a twelve month low of C$3.34 and a twelve month high of C$7.87. The company has a quick ratio of 0.77, a current ratio of 2.82 and a debt-to-equity ratio of 6.94. The firm has a 50 day moving average price of C$6.89 and a 200-day moving average price of C$6.14. The stock has a market capitalization of C$4.14 billion, a price-to-earnings ratio of -6.43, a PEG ratio of 0.12 and a beta of 0.69.
Baytex Energy (TSE:BTE – Get Free Report) (NYSE:BTE) last posted its earnings results on Thursday, November 5th. The company reported C$0.23 EPS for the quarter. Baytex Energy had a negative return on equity of 26.41% and a negative net margin of 131.38%. The business had revenue of C$511.39 million for the quarter. Equities research analysts forecast that Baytex Energy will post 0.37 earnings per share for the current year.
Baytex Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, October 1st were paid a dividend of $0.0225 per share. The ex-dividend date was Tuesday, September 15th. This represents a $0.09 annualized dividend and a dividend yield of 1.5%. Baytex Energy’s dividend payout ratio is -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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