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

Shares of Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) have earned a consensus rating of “Moderate Buy” from the eleven research firms that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$6.53.

Several research firms have recently issued reports on BTE. Raymond James decreased their price target on Baytex Energy from C$6.75 to C$5.00 and set a “market perform” rating for the company in a research note on Friday, January 19th. CIBC increased their price target on Baytex Energy from C$6.00 to C$6.50 and gave the stock a “neutral” rating in a research note on Monday. Stifel Nicolaus raised their target price on Baytex Energy from C$6.25 to C$7.00 and gave the company a “buy” rating in a research note on Tuesday. ATB Capital decreased their target price on Baytex Energy from C$6.50 to C$6.00 and set an “outperform” rating for the company in a research note on Thursday, February 29th. Finally, National Bankshares decreased their target price on 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.

Baytex Energy Price Performance

Shares of BTE opened at C$5.33 on Friday. The company has a market cap of C$4.38 billion, a P/E ratio of -16.15, a PEG ratio of 0.12 and a beta of 2.78. The stock has a fifty day moving average price of C$4.79 and a 200 day moving average price of C$4.85. The company has a debt-to-equity ratio of 63.80, a current ratio of 0.79 and a quick ratio of 0.77. Baytex Energy has a 12 month low of C$3.83 and a 12 month high of C$6.37.

Baytex Energy (TSE:BTE) (NYSE:BTE) last issued 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. The firm had revenue of C$1.07 billion during the quarter. Baytex Energy had a negative return on equity of 6.81% and a negative net margin of 8.60%. On average, research analysts forecast that Baytex Energy will post 0.7398601 earnings per share for the current year.

Baytex Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were paid a dividend of $0.023 per share. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Thursday, March 14th. Baytex Energy’s dividend payout ratio (DPR) is presently -27.27%.

Insider Transactions at Baytex Energy

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

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.