Baytex Energy Corp (NYSE:BTE) Given Average Rating of “Hold” by Analysts

Shares of Baytex Energy Corp (NYSE:BTE) (TSE:BTE) have been given an average rating of “Hold” by the nine research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company.

Several equities research analysts recently commented on BTE shares. Weiss Ratings cut Baytex Energy from a “hold (c)” rating to a “sell (d)” rating in a research note on Friday, March 6th. Wall Street Zen raised Baytex Energy from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. TD Cowen cut Baytex Energy from a “buy” rating to a “hold” rating in a research note on Friday, January 16th. TD Securities cut Baytex Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Finally, Zacks Research raised Baytex Energy from a “strong sell” rating to a “hold” rating in a research note on Friday, April 3rd.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BTE. Bank of Nova Scotia purchased a new position in Baytex Energy in the third quarter worth $26,000. R Squared Ltd purchased a new position in shares of Baytex Energy during the 3rd quarter valued at $31,000. Magnetar Financial LLC purchased a new position in shares of Baytex Energy during the 4th quarter valued at $35,000. Jump Financial LLC purchased a new position in shares of Baytex Energy during the 4th quarter valued at $39,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Baytex Energy by 98.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 13,490 shares of the oil and gas producer’s stock valued at $44,000 after buying an additional 6,691 shares during the last quarter. Institutional investors own 46.15% of the company’s stock.

Baytex Energy Price Performance

Shares of BTE opened at $4.13 on Wednesday. Baytex Energy has a 1 year low of $1.44 and a 1 year high of $4.56. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.61 and a quick ratio of 3.61. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of -7.24 and a beta of 0.32. The business has a 50-day moving average of $3.92 and a 200-day moving average of $3.25.

Baytex Energy (NYSE:BTE) (TSE:BTE) last issued its quarterly earnings data on Wednesday, March 4th. The oil and gas producer reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.33). Baytex Energy had a negative return on equity of 5.44% and a negative net margin of 16.96%.The company had revenue of $251.38 million for the quarter, compared to the consensus estimate of $545.60 million. As a group, equities research analysts anticipate that Baytex Energy will post 0.31 earnings per share for the current year.

Baytex Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th were issued a $0.0225 dividend. This represents a $0.09 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, March 13th. Baytex Energy’s dividend payout ratio (DPR) is currently -12.28%.

About Baytex Energy

Baytex Energy Corp. is an oil & gas exploration and production company. The firm engages in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. The company was founded on June 3, 1993 and is headquartered in Calgary, Canada.