Baytex Energy (TSE:BTE) Price Target Raised to C$7.00 at Stifel Nicolaus

Baytex Energy (TSE:BTE) (NYSE:BTE) had its price objective upped by Stifel Nicolaus from C$6.25 to C$7.00 in a report published on Tuesday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other analysts have also issued research reports about the company. Raymond James lowered their target price on Baytex Energy from C$6.75 to C$5.00 and set a market perform rating on the stock in a report on Friday, January 19th. BMO Capital Markets set a C$6.00 target price on shares of Baytex Energy and gave the company a market perform rating in a report on Tuesday, April 9th. Royal Bank of Canada cut their target price on shares of Baytex Energy from C$8.00 to C$7.00 and set an outperform rating for the company in a research report on Thursday, February 29th. TD Securities lowered their price target on shares of Baytex Energy from C$6.50 to C$6.00 and set a buy rating on the stock in a research report on Thursday, February 29th. Finally, National Bankshares cut their price objective on Baytex Energy from C$8.25 to C$7.25 and set an outperform rating for the company in a research report on Wednesday, January 10th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of C$6.53.

Baytex Energy Stock Up 3.8 %

BTE stock opened at C$5.20 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 63.80. The company’s 50-day moving average price is C$4.75 and its 200 day moving average price is C$4.85. Baytex Energy has a 52 week low of C$3.83 and a 52 week high of C$6.37. The company has a market cap of C$4.27 billion, a P/E ratio of -15.76, a P/E/G ratio of 0.12 and a beta of 2.78.

Baytex Energy (TSE:BTE) (NYSE:BTE) last posted its quarterly earnings results on Wednesday, February 28th. The company reported C$0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.13 by C$0.12. The company had revenue of C$1.07 billion during the quarter. Baytex Energy had a negative net margin of 8.60% and a negative return on equity of 6.81%. On average, research analysts expect that Baytex Energy will post 0.7398601 earnings per share for the current fiscal year.

Baytex Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were given a $0.023 dividend. This represents a $0.09 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Thursday, March 14th. Baytex Energy’s dividend payout ratio (DPR) is currently -27.27%.

Insiders Place Their Bets

In related news, Director Tiffany Thom Cepak sold 40,000 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of C$3.55, for a total value of C$142,000.00. In other Baytex Energy news, Senior Officer Eric Thomas Greager acquired 20,000 shares of Baytex Energy stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average cost of C$4.25 per share, for a total transaction of C$85,000.00. Also, Director Tiffany Thom Cepak sold 40,000 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$3.55, for a total value of C$142,000.00. 0.73% of the stock is currently owned by insiders.

About Baytex Energy

Baytex Energy Corp., an energy company, engages in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford, the United States. The company offers light oil and condensate, heavy oil, natural gas liquids, and natural gas.