Baytex Energy (TSE:BTE) Price Target Increased to C$7.00 by Analysts at Stifel Nicolaus

Baytex Energy (TSE:BTE) (NYSE:BTE) had its target price raised by Stifel Nicolaus from C$6.25 to C$7.00 in a report issued on Tuesday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

BTE has been the topic of a number of other reports. TD Securities lowered their price objective on Baytex Energy from C$6.50 to C$6.00 and set a buy rating on the stock in a research report on Thursday, February 29th. National Bankshares dropped their price objective on shares of Baytex Energy from C$8.25 to C$7.25 and set an outperform rating for the company in a research note on Wednesday, January 10th. Raymond James reduced their price objective on shares of Baytex Energy from C$6.75 to C$5.00 and set a market perform rating for the company in a report on Friday, January 19th. CIBC raised their price target on shares of Baytex Energy from C$6.00 to C$6.50 and gave the stock a neutral rating in a research note on Monday. Finally, ATB Capital decreased their price objective on Baytex Energy from C$6.50 to C$6.00 and set an outperform rating on the stock in a report on Thursday, February 29th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of C$6.53.

Baytex Energy Stock Performance

TSE:BTE opened at C$5.20 on Tuesday. The firm’s 50-day moving average is C$4.75 and its 200-day moving average is C$4.85. The company has a market cap of C$4.27 billion, a price-to-earnings ratio of -15.76, a PEG ratio of 0.12 and a beta of 2.78. The company has a debt-to-equity ratio of 63.80, a quick ratio of 0.77 and a current ratio of 0.79. Baytex Energy has a 52-week low of C$3.83 and a 52-week high of C$6.37.

Baytex Energy (TSE:BTE) (NYSE:BTE) last released its earnings results on Wednesday, February 28th. The company reported C$0.25 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.13 by C$0.12. The business had revenue of C$1.07 billion for the quarter. Baytex Energy had a negative return on equity of 6.81% and a negative net margin of 8.60%. Equities research analysts anticipate that Baytex Energy will post 0.7398601 earnings per share for the current year.

Baytex Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were issued a dividend of $0.023 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.09 dividend on an annualized basis and a yield of 1.77%. Baytex Energy’s dividend payout ratio is -27.27%.

Insider Buying and Selling at Baytex Energy

In related news, Director Tiffany Thom Cepak sold 40,000 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$3.55, for a total transaction of C$142,000.00. In other news, Senior Officer Eric Thomas Greager acquired 20,000 shares of Baytex Energy stock in a transaction on Wednesday, March 6th. The shares were purchased at an average price of C$4.25 per share, with a total value of C$85,000.00. Also, Director Tiffany Thom Cepak sold 40,000 shares of Baytex Energy stock in a transaction on Monday, March 25th. The shares were sold at an average price of C$3.55, for a total value of C$142,000.00. Corporate insiders own 0.73% of the company’s stock.

Baytex Energy Company Profile

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.