Baytex Energy Corp. (TSE:BTE) Receives C$5.32 Average Target Price from Analysts

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) has received a consensus rating of “Hold” from the eight research firms that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$5.32.

Several analysts recently commented on the stock. National Bank Financial upped their price target on shares of Baytex Energy from C$5.00 to C$5.75 and gave the company an “outperform” rating in a research report on Thursday, March 5th. TD Securities raised their price objective on shares of Baytex Energy from C$5.00 to C$5.50 and gave the stock a “hold” rating in a research report on Thursday, March 5th. Scotiabank lifted their price objective 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. Raymond James Financial cut shares of Baytex Energy from a “moderate buy” rating to a “hold” rating and set a C$5.50 target price for the company. in a report on Thursday, March 5th. Finally, Royal Bank Of Canada downgraded shares of Baytex Energy from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, January 13th.

Insiders Place Their Bets

In related news, insider Chad Lundberg bought 11,500 shares of the stock in a transaction on Tuesday, December 30th. The shares were bought at an average cost of C$4.36 per share, for a total transaction of C$50,140.00. Following the purchase, the insider owned 532,801 shares of the company’s stock, valued at C$2,323,012.36. This trade represents a 2.21% increase in their position. Insiders own 0.83% of the company’s stock.

Baytex Energy Stock Performance

BTE opened at C$6.00 on Friday. The firm has a market cap of C$4.43 billion, a price-to-earnings ratio of -7.69, a price-to-earnings-growth ratio of 0.12 and a beta of 0.94. Baytex Energy has a 52 week low of C$1.91 and a 52 week high of C$6.06. The business’s 50 day moving average is C$5.12 and its two-hundred day moving average is C$4.34. The company has a quick ratio of 0.77, a current ratio of 3.61 and a debt-to-equity ratio of 4.94.

Baytex Energy (TSE:BTE) (NYSE:BTE) last issued its quarterly earnings data on Wednesday, March 4th. The company reported C($1.11) earnings per share for the quarter. Baytex Energy had a negative net margin of 40.77% and a negative return on equity of 16.25%. On average, research analysts predict that Baytex Energy will post 0.3703367 EPS for the current year.

Baytex Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, April 1st will be paid a dividend of $0.0225 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.09 annualized dividend and a yield of 1.5%. Baytex Energy’s dividend payout ratio is currently -11.54%.

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.