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

Shares of Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) have been given a consensus rating of “Moderate Buy” by the eight ratings firms that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$4.75.

BTE has been the subject of several recent analyst reports. Royal Bank Of Canada cut Baytex Energy from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, January 13th. Scotiabank raised shares of Baytex Energy from a “hold” rating to an “outperform” rating and raised their price objective for the stock from C$4.00 to C$5.25 in a report on Thursday, November 13th. Capital One Financial upgraded shares of Baytex Energy to a “hold” rating in a research report on Monday, October 27th. TD Securities cut shares of Baytex Energy from a “buy” rating to a “hold” rating and set a C$5.00 target price for the company. in a report on Friday. Finally, BMO Capital Markets upgraded shares of Baytex Energy from a “hold” rating to an “outperform” rating and lifted their price target for the stock from C$3.00 to C$6.00 in a research note on Thursday, November 13th.

Insider Activity

In other news, Director Mark Bly purchased 20,000 shares of the business’s stock in a transaction on Wednesday, December 24th. The shares were bought at an average price of C$4.50 per share, with a total value of C$90,000.00. Following the completion of the transaction, the director directly owned 575,638 shares in the company, valued at approximately C$2,590,371. This represents a 3.60% increase in their position. Also, insider Chad Lundberg acquired 11,500 shares of Baytex Energy stock in a transaction on Tuesday, December 30th. The stock was purchased at an average price of C$4.36 per share, with a total value 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. The trade was a 2.21% increase in their position. 0.83% of the stock is currently owned by insiders.

Baytex Energy Stock Performance

Shares of BTE stock opened at C$4.61 on Friday. The company has a market cap of C$3.54 billion, a P/E ratio of 16.46, a PEG ratio of 0.12 and a beta of 0.92. The firm has a fifty day moving average price of C$4.39 and a 200 day moving average price of C$3.53. The company has a current ratio of 0.69, a quick ratio of 0.77 and a debt-to-equity ratio of 57.38. Baytex Energy has a 12 month low of C$1.91 and a 12 month high of C$4.81.

Baytex Energy (TSE:BTE) (NYSE:BTE) last announced its quarterly earnings results on Thursday, October 30th. The company reported C$0.04 earnings per share (EPS) for the quarter. The company had revenue of C$746.42 million during the quarter. Baytex Energy had a negative return on equity of 8.96% and a negative net margin of 10.45%. Sell-side analysts predict that Baytex Energy will post 0.3703367 earnings per share for the current fiscal year.

Baytex Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Friday, January 2nd were given a dividend of $0.0225 per share. The ex-dividend date was Monday, December 15th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 2.0%. Baytex Energy’s payout ratio is 32.14%.

About Baytex Energy

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.