Baytex Energy Corp. (TSE:BTE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Baytex Energy Corp. (TSE:BTEGet Free Report) (NYSE:BTE) have received an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$6.48.

A number of equities research analysts have commented on the stock. Royal Bank of Canada dropped their price objective on shares of Baytex Energy from C$7.00 to C$6.50 and set an “outperform” rating on the stock in a research report on Monday, May 13th. BMO Capital Markets set a C$6.00 price objective on shares of Baytex Energy and gave the company a “market perform” rating in a research report on Tuesday, April 9th. Stifel Nicolaus upped their target price on shares of Baytex Energy from C$6.25 to C$7.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. CIBC upped their target price on shares of Baytex Energy from C$6.00 to C$6.50 and gave the company a “neutral” rating in a report on Monday, April 22nd. Finally, TD Securities upped their target price on shares of Baytex Energy from C$5.50 to C$6.00 in a report on Friday, May 10th.

Get Our Latest Research Report on Baytex Energy

Insiders Place Their Bets

In other Baytex Energy news, Director Mark Bly acquired 15,000 shares of the stock in a transaction on Tuesday, May 14th. The shares were bought at an average cost of C$3.42 per share, with a total value of C$51,300.00. In other news, Director Mark Bly bought 15,000 shares of the stock in a transaction dated Tuesday, May 14th. The shares were acquired at an average price of C$3.42 per share, with a total value of C$51,300.00. Also, Senior Officer Nicole Marie Frechette bought 5,300 shares of the stock in a transaction dated Tuesday, May 14th. The stock was purchased at an average cost of C$4.75 per share, for a total transaction of C$25,175.00. In the last three months, insiders have acquired 47,350 shares of company stock valued at $193,603. Insiders own 0.79% of the company’s stock.

Baytex Energy Trading Up 2.5 %

Shares of TSE:BTE opened at C$4.86 on Wednesday. Baytex Energy has a 52 week low of C$3.96 and a 52 week high of C$6.37. The company’s 50 day moving average is C$4.78 and its two-hundred day moving average is C$4.63. The company has a current ratio of 0.67, a quick ratio of 0.77 and a debt-to-equity ratio of 63.22. The company has a market cap of C$3.99 billion, a PE ratio of -11.05, a P/E/G ratio of 0.12 and a beta of 2.76.

Baytex Energy (TSE:BTEGet Free Report) (NYSE:BTE) last announced its quarterly earnings data on Thursday, May 9th. The company reported C($0.02) EPS for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.15). Baytex Energy had a negative net margin of 9.88% and a negative return on equity of 8.56%. The firm had revenue of C$984.19 million during the quarter. Equities analysts predict that Baytex Energy will post 0.4249084 earnings per share for the current fiscal year.

Baytex Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Tuesday, July 2nd were given a dividend of $0.023 per share. This represents a $0.09 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Friday, June 14th. Baytex Energy’s payout ratio is currently -20.45%.

Baytex Energy Company Profile

(Get Free Report

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.

Featured Stories

Analyst Recommendations for Baytex Energy (TSE:BTE)

Receive News & Ratings for Baytex Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baytex Energy and related companies with MarketBeat.com's FREE daily email newsletter.