Baytex Energy Corp. (TSE:BTE) Given Average Rating of “Moderate Buy” by Analysts

by · The Markets Daily

Baytex Energy Corp. (TSE:BTE – Get Free Report) (NYSE:BTE) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$4.71.

Several equities research analysts recently weighed in on BTE shares. Raymond James Financial raised shares of Baytex Energy from a “hold” rating to a “moderate buy” rating in a research report on Thursday, November 13th. Scotiabank raised shares of Baytex Energy from a “hold” rating to an “outperform” rating and upped their price target for the stock from C$4.00 to C$5.25 in a report on Thursday, November 13th. National Bankshares reduced their price target on shares of 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. Capital One Financial upgraded shares of Baytex Energy to a “hold” rating in a research report on Monday, October 27th. Finally, BMO Capital Markets upgraded Baytex Energy from a “hold” rating to an “outperform” rating and upped their target price for the stock from C$3.00 to C$6.00 in a research note on Thursday, November 13th.

Check Out Our Latest Research Report on BTE

Baytex Energy Price Performance

Baytex Energy stock opened at C$4.15 on Wednesday. The firm has a market cap of C$3.19 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 0.12 and a beta of 0.97. The company has a debt-to-equity ratio of 57.38, a current ratio of 0.69 and a quick ratio of 0.77. The stock’s fifty day moving average price is C$3.86 and its two-hundred day moving average price is C$3.23. Baytex Energy has a one year low of C$1.91 and a one year high of C$4.65.

Baytex Energy (TSE:BTE – Get Free Report) (NYSE:BTE) last released its earnings results 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 firm had revenue of C$746.42 million during the quarter. As a group, research analysts expect that Baytex Energy will post 0.3703367 EPS for the current fiscal year.

Baytex Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, January 2nd will be given a dividend of $0.0225 per share. This represents a $0.09 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Monday, December 15th. Baytex Energy’s dividend payout ratio is currently 32.14%.

About Baytex Energy

(Get Free Report)

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.

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