Q1 2024 Earnings Estimate for Baytex Energy Corp. Issued By Atb Cap Markets (TSE:BTE)

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) – Investment analysts at Atb Cap Markets increased their Q1 2024 earnings estimates for shares of Baytex Energy in a note issued to investors on Monday, April 22nd. Atb Cap Markets analyst A. Arif now expects that the company will post earnings per share of $0.16 for the quarter, up from their previous forecast of $0.15. The consensus estimate for Baytex Energy’s current full-year earnings is $0.74 per share. Atb Cap Markets also issued estimates for Baytex Energy’s Q2 2024 earnings at $0.17 EPS and FY2024 earnings at $0.73 EPS.

A number of other equities research analysts have also recently commented on the company. BMO Capital Markets set a C$6.00 price target on Baytex Energy and gave the company a “market perform” rating in a report on Tuesday, April 9th. Raymond James decreased their price target on Baytex Energy from C$6.75 to C$5.00 and set a “market perform” rating on the stock in a report on Friday, January 19th. Stifel Nicolaus raised their price target on Baytex Energy from C$6.25 to C$7.00 and gave the company a “buy” rating in a report on Tuesday. National Bankshares decreased their price target on Baytex Energy from C$8.25 to C$7.25 and set an “outperform” rating on the stock in a report on Wednesday, January 10th. Finally, CIBC raised their price target on Baytex Energy from C$6.00 to C$6.50 and gave the company a “neutral” rating in a report on Monday. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$6.53.

Baytex Energy Price Performance

TSE:BTE opened at C$5.20 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 63.80. The business’s 50-day simple moving average is C$4.75 and its two-hundred day simple moving average is C$4.85. The stock has a market cap of C$4.27 billion, a PE ratio of -15.76, a P/E/G ratio of 0.12 and a beta of 2.78. 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 posted its quarterly earnings results on Wednesday, February 28th. The company reported C$0.25 EPS for the quarter, beating 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%.

Baytex Energy Announces Dividend

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

Insider Buying and Selling

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

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.