Q4 EPS Estimates for Baytex Energy Lifted by Atb Cap Markets

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) – Stock analysts at Atb Cap Markets lifted their Q4 2024 earnings per share estimates for shares of Baytex Energy in a research report issued on Friday, November 1st. Atb Cap Markets analyst A. Arif now forecasts that the company will post earnings per share of $0.16 for the quarter, up from their prior forecast of $0.13. The consensus estimate for Baytex Energy’s current full-year earnings is $0.37 per share. Atb Cap Markets also issued estimates for Baytex Energy’s Q1 2025 earnings at $0.18 EPS, Q2 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.14 EPS, Q4 2025 earnings at $0.15 EPS, FY2025 earnings at $0.66 EPS and FY2026 earnings at $0.27 EPS.

A number of other brokerages also recently issued reports on BTE. Raymond James upgraded shares of Baytex Energy to a “hold” rating in a report on Thursday, October 17th. Royal Bank of Canada lowered their price target on Baytex Energy from C$6.50 to C$5.50 in a report on Tuesday, September 17th. Canaccord Genuity Group decreased their target price on shares of Baytex Energy from C$6.50 to C$6.00 in a research report on Tuesday, October 22nd. TD Securities dropped their price target on shares of Baytex Energy from C$6.00 to C$5.50 in a research report on Tuesday, October 1st. Finally, National Bankshares decreased their price objective on shares of Baytex Energy from C$8.00 to C$7.50 in a report on Friday, September 27th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Baytex Energy currently has an average rating of “Moderate Buy” and a consensus target price of C$6.11.

Baytex Energy Price Performance

Baytex Energy stock opened at C$4.30 on Monday. 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 company has a 50-day moving average price of C$4.30 and a 200 day moving average price of C$4.67. Baytex Energy has a 12-month low of C$3.85 and a 12-month high of C$6.15. The stock has a market cap of C$3.46 billion, a P/E ratio of -6.23, a PEG ratio of 0.12 and a beta of 2.61.

Baytex Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be given a $0.023 dividend. This represents a $0.09 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Friday, December 13th. Baytex Energy’s dividend payout ratio is currently -13.04%.

Insider Transactions at Baytex Energy

In other news, Senior Officer Chadwick Kalmakoff acquired 12,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of C$4.18 per share, with a total value of C$50,160.00. Corporate insiders own 0.83% of the company’s stock.

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.