Baytex Energy Corp. (TSE:BTE) Receives C$4.79 Average Target Price from Analysts

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) has received an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$4.79.

Several research firms have weighed in on BTE. National Bankshares lowered 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 report on Wednesday, October 22nd. Scotiabank raised their target price on shares of Baytex Energy from C$5.25 to C$5.50 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Canaccord Genuity Group downgraded shares of Baytex Energy from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$5.00 to C$4.75 in a report on Tuesday, January 27th. Royal Bank Of Canada cut shares of Baytex Energy from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, January 13th. Finally, TD Securities downgraded shares of Baytex Energy from a “buy” rating to a “hold” rating and set a C$5.00 price objective for the company. in a research report on Friday, January 16th.

Baytex Energy Trading Up 4.5%

Shares of TSE:BTE opened at C$4.84 on Thursday. The company’s 50-day moving average price is C$4.49 and its two-hundred day moving average price is C$3.74. The company has a debt-to-equity ratio of 57.38, a current ratio of 0.69 and a quick ratio of 0.77. Baytex Energy has a one year low of C$1.91 and a one year high of C$4.89. The stock has a market capitalization of C$3.72 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 0.12 and a beta of 1.02.

Baytex Energy (TSE:BTE) (NYSE:BTE) last announced 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 return on equity of 8.96% and a negative net margin of 10.45%.The company had revenue of C$746.42 million during the quarter. On average, equities analysts forecast that Baytex Energy will post 0.3703367 EPS for the current fiscal year.

Baytex Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, January 2nd were issued a dividend of $0.0225 per share. The ex-dividend date was Monday, December 15th. This represents a $0.09 dividend on an annualized basis and a yield of 1.9%. Baytex Energy’s dividend payout ratio (DPR) is presently 32.14%.

Insider Buying and Selling

In other Baytex Energy news, Director Mark Bly bought 20,000 shares of Baytex Energy stock in a transaction dated Wednesday, December 24th. The stock was bought at an average cost of C$4.50 per share, for a total transaction of C$90,000.00. Following the purchase, the director owned 575,638 shares of the company’s stock, valued at C$2,590,371. The trade was a 3.60% increase in their position. Also, insider Chad Lundberg bought 11,500 shares of Baytex Energy stock in a transaction dated Tuesday, December 30th. The shares were acquired at an average price of C$4.36 per share, with a total value of C$50,140.00. Following the completion of the purchase, the insider directly owned 532,801 shares in the company, valued at C$2,323,012.36. This trade represents a 2.21% increase in their position. 0.83% of the stock is owned by insiders.

About Baytex Energy

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.