TD Securities upgraded shares of Baytex Energy (TSE:BTE – Free Report) (NYSE:BTE) from a hold rating to a strong-buy rating in a research note released on Friday morning,Zacks reports.
BTE has been the topic of a number of other reports. Raymond James Financial increased their price target on shares of Baytex Energy from C$8.00 to C$8.50 and gave the company a “strong-buy” rating in a research report on Friday, July 31st. Jefferies Financial Group initiated coverage on shares of Baytex Energy in a report on Tuesday, October 27th. They issued a “buy” rating and a C$9.00 price objective for the company. Finally, National Bank Financial upped their price objective on shares of Baytex Energy from C$8.50 to C$9.50 and gave the company an “outperform” rating in a research note on Wednesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$7.32.
Get Our Latest Analysis on BTE
Baytex Energy Price Performance
Shares of BTE traded down C$0.01 during midday trading on Friday, reaching C$5.92. The stock had a trading volume of 8,087,699 shares, compared to its average volume of 5,870,847. The company has a current ratio of 2.82, a quick ratio of 0.77 and a debt-to-equity ratio of 6.94. The company has a market capitalization of C$4.14 billion, a price-to-earnings ratio of -6.43, a price-to-earnings-growth ratio of 0.12 and a beta of 0.69. The company’s 50-day moving average is C$6.89 and its 200 day moving average is C$6.14. Baytex Energy has a 12-month low of C$3.34 and a 12-month high of C$7.87.
Baytex Energy (TSE:BTE – Get Free Report) (NYSE:BTE) last announced its quarterly earnings data on Thursday, November 5th. The company reported C$0.23 earnings per share for the quarter. The company had revenue of C$511.39 million for the quarter. Baytex Energy had a negative return on equity of 26.41% and a negative net margin of 131.38%. On average, equities analysts predict that Baytex Energy will post 0.37 EPS for the current fiscal year.
Baytex Energy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, October 1st were paid a $0.0225 dividend. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 15th. Baytex Energy’s payout ratio is -7.34%.
Baytex Energy Company Profile
Baytex Energy Corp. is a Calgary -based energy company committed to driving shareholder value through disciplined execution. It operates a high-quality, high-return portfolio in the Western Canadian Sedimentary Basin, featuring the Pembina Duvernay and heavy oil plays in Alberta and Saskatchewan. These core assets are backed by an extensive drilling inventory and consistently generate strong cash flow.
See Also
- Five stocks we like better than Baytex Energy
- Dutch Bros Gave Wall Street What It Wanted, So Why Did the Stock Crater?
- Astera Labs Just Crushed Earnings—So Why Are Analysts Cutting Price Targets?
- Sandisk Shares Are Oversold: Bargain or Value Trap?
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
Receive News & Ratings for Baytex Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baytex Energy and related companies with MarketBeat.com's FREE daily email newsletter.
