Baytex Energy Corp. (TSE:BTE) Receives C$4.71 Average Target Price from Analysts

Shares of Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) have been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$4.71.

BTE has been the subject of a number of recent analyst reports. Scotiabank upgraded Baytex Energy from a “hold” rating to an “outperform” rating and increased their price target for the stock from C$4.00 to C$5.25 in a report on Thursday, November 13th. Raymond James Financial upgraded Baytex Energy from a “hold” rating to a “moderate buy” rating in a research report on Thursday, November 13th. Capital One Financial upgraded Baytex Energy to a “hold” rating in a report on Monday, October 27th. National Bankshares dropped their price target on Baytex Energy from C$4.75 to C$4.50 and set an “outperform” rating on the stock in a research note on Wednesday, October 22nd. Finally, BMO Capital Markets raised shares of Baytex Energy from a “hold” rating to an “outperform” rating and raised their price objective for the stock from C$3.00 to C$6.00 in a research report on Thursday, November 13th.

Baytex Energy Stock Up 2.4%

Baytex Energy stock opened at C$4.29 on Wednesday. The firm has a market cap of C$3.30 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 0.12 and a beta of 0.97. Baytex Energy has a 52-week low of C$1.91 and a 52-week high of C$4.65. The company has a debt-to-equity ratio of 57.38, a quick ratio of 0.77 and a current ratio of 0.69. The firm has a 50 day moving average price of C$3.91 and a two-hundred day moving average price of C$3.27.

Baytex Energy (TSE:BTE) (NYSE:BTE) last posted its quarterly earnings data on Thursday, October 30th. The company reported C$0.04 earnings per share for the quarter. Baytex Energy had a negative net margin of 10.45% and a negative return on equity of 8.96%. The company had revenue of C$746.42 million during the quarter. Equities analysts predict that Baytex Energy will post 0.3703367 EPS for the current year.

Baytex Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, January 2nd will be issued a $0.0225 dividend. This represents a $0.09 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Monday, December 15th. Baytex Energy’s dividend payout ratio (DPR) is presently 32.14%.

Baytex Energy Company Profile

Baytex Energy Corp is an oil and gas company. Geographically, the group operates in Canada and the United States. The company derives a majority of revenue from Canada. Its Canada segment includes the exploration, development, and production of crude oil and natural gas in Western Canada.