Q3 2024 EPS Estimates for Baytex Energy Corp. Decreased by Atb Cap Markets (TSE:BTE)

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) – Analysts at Atb Cap Markets lowered their Q3 2024 EPS estimates for Baytex Energy in a report released on Monday, April 22nd. Atb Cap Markets analyst A. Arif now expects that the company will post earnings of $0.19 per share for the quarter, down from their previous estimate of $0.20. The consensus estimate for Baytex Energy’s current full-year earnings is $0.74 per share. Atb Cap Markets also issued estimates for Baytex Energy’s FY2025 earnings at $0.60 EPS, FY2027 earnings at $0.14 EPS and FY2028 earnings at $0.14 EPS.

Baytex Energy (TSE:BTE) (NYSE:BTE) last posted its quarterly earnings data on Wednesday, February 28th. The company reported C$0.25 EPS for the quarter, topping analysts’ consensus estimates of C$0.13 by C$0.12. Baytex Energy had a negative net margin of 8.60% and a negative return on equity of 6.81%. The firm had revenue of C$1.07 billion during the quarter.

A number of other research firms have also commented on BTE. National Bankshares decreased their price objective on shares of Baytex Energy from C$8.25 to C$7.25 and set an “outperform” rating for the company in a research note on Wednesday, January 10th. 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 research note on Tuesday, April 9th. Stifel Nicolaus lifted their target price on shares of Baytex Energy from C$6.25 to C$7.00 and gave the company a “buy” rating in a research note on Tuesday. TD Securities decreased their target price on shares of Baytex Energy from C$6.50 to C$6.00 and set a “buy” rating for the company in a research note on Thursday, February 29th. Finally, CIBC lifted their price objective on shares of Baytex Energy from C$6.00 to C$6.50 and gave the company a “neutral” rating in a research note on Monday. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$6.53.

Baytex Energy Trading Up 0.6 %

Baytex Energy stock opened at C$5.23 on Wednesday. The company has a 50 day moving average price of C$4.77 and a 200 day moving average price of 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 debt-to-equity ratio of 63.80, a quick ratio of 0.77 and a current ratio of 0.79. The firm has a market capitalization of C$4.30 billion, a price-to-earnings ratio of -15.85, a P/E/G ratio of 0.12 and a beta of 2.78.

Insider Transactions at Baytex Energy

In related news, Senior Officer Eric Thomas Greager acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were bought at an average price of C$4.25 per share, for a total transaction of C$85,000.00. In other news, Director Tiffany Thom Cepak sold 40,000 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$3.55, for a total transaction of C$142,000.00. Also, Senior Officer Eric Thomas Greager acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were bought at an average price of C$4.25 per share, for a total transaction of C$85,000.00. Insiders own 0.73% of the company’s stock.

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 issued a $0.023 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.09 annualized dividend and a yield of 1.76%. Baytex Energy’s dividend payout ratio (DPR) is presently -27.27%.

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.