Brokerages Set Baytex Energy Corp. (TSE:BTE) PT at C$5.84

Shares of Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) have been given an average recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$5.84.

A number of analysts have issued reports on the stock. Canaccord Genuity Group cut their price target on shares of Baytex Energy from C$6.50 to C$6.00 in a research note on Tuesday, October 22nd. Raymond James upgraded shares of Baytex Energy to a “hold” rating in a report on Thursday, October 17th. National Bankshares dropped their price target on shares of Baytex Energy from C$8.00 to C$7.50 in a research note on Friday, September 27th. BMO Capital Markets cut their price objective on Baytex Energy from C$6.00 to C$5.50 in a research report on Wednesday, December 4th. Finally, Royal Bank of Canada decreased their target price on Baytex Energy from C$5.50 to C$5.00 in a report on Tuesday, January 14th.

Baytex Energy Stock Down 1.9 %

Baytex Energy stock opened at C$3.68 on Friday. The company has a market capitalization of C$2.96 billion, a PE ratio of -5.33, a price-to-earnings-growth ratio of 0.12 and a beta of 2.61. The company has a debt-to-equity ratio of 62.33, a quick ratio of 0.77 and a current ratio of 0.72. Baytex Energy has a fifty-two week low of C$3.15 and a fifty-two week high of C$5.55. The firm has a 50 day moving average price of C$3.78 and a 200 day moving average price of C$4.27.

Baytex Energy (TSE:BTE) (NYSE:BTE) last issued its quarterly earnings data on Thursday, October 31st. The company reported C$0.23 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.19 by C$0.04. Baytex Energy had a negative return on equity of 9.55% and a negative net margin of 11.92%. During the same period in the previous year, the firm earned $0.15 earnings per share. Research analysts expect that Baytex Energy will post 0.3703367 earnings per share for the current year.

Baytex Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Thursday, January 2nd were paid a $0.023 dividend. This represents a $0.09 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Friday, December 13th. Baytex Energy’s dividend payout ratio is presently -13.04%.

Insider Transactions at Baytex Energy

In related news, Senior Officer Nicole Marie Frechette purchased 8,200 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were purchased at an average cost of C$3.67 per share, for a total transaction of C$30,094.00. 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.