Baytex Energy Corp. (TSE:BTE) Receives Consensus Rating of “Moderate Buy” from Analysts

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) has earned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$5.84.

A number of analysts have recently issued reports on the stock. Canaccord Genuity Group cut their price target on shares of Baytex Energy from C$6.50 to C$6.00 in a report on Tuesday, October 22nd. BMO Capital Markets reduced their target price on Baytex Energy from C$6.00 to C$5.50 in a research report on Wednesday, December 4th. ATB Capital lowered their price target on Baytex Energy from C$5.50 to C$5.20 in a report on Wednesday, December 4th. TD Securities reduced their price objective on shares of Baytex Energy from C$6.00 to C$5.50 in a report on Tuesday, October 1st. Finally, Raymond James raised shares of Baytex Energy to a “hold” rating in a research note on Thursday, October 17th.

Insiders Place Their Bets

In related news, Senior Officer Nicole Marie Frechette acquired 8,200 shares of the stock in a transaction dated Monday, December 9th. The stock was acquired at an average cost of C$3.67 per share, with a total value of C$30,094.00. 0.83% of the stock is owned by company insiders.

Baytex Energy Stock Performance

Shares of Baytex Energy stock opened at C$3.65 on Friday. The business’s 50 day moving average price is C$3.76 and its 200 day moving average price is C$4.25. The company has a market cap of C$2.94 billion, a price-to-earnings ratio of -5.29, a PEG ratio of 0.12 and a beta of 2.61. The company has a debt-to-equity ratio of 62.33, a quick ratio of 0.77 and a current ratio of 0.72. Baytex Energy has a one year low of C$3.15 and a one year high of C$5.55.

Baytex Energy (TSE:BTE) (NYSE:BTE) last announced its quarterly earnings results on Thursday, October 31st. The company reported C$0.23 earnings per share for the quarter, beating the consensus estimate of C$0.19 by C$0.04. Baytex Energy had a negative net margin of 11.92% and a negative return on equity of 9.55%. During the same quarter in the previous year, the business posted $0.15 EPS. On average, research analysts predict that Baytex Energy will post 0.3703367 EPS for the current year.

Baytex Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Thursday, January 2nd were paid a dividend of $0.023 per share. This represents a $0.09 annualized dividend and a yield of 2.52%. The ex-dividend date was Friday, December 13th. Baytex Energy’s payout ratio is currently -13.04%.

Baytex Energy Company Profile

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.