Baytex Energy Corp. (TSE:BTE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) has earned an average rating of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat 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 covered the stock in the last year is C$4.79.

Several equities research analysts recently issued reports on the company. TD Securities downgraded Baytex Energy from a “buy” rating to a “hold” rating and set a C$5.00 price objective on the stock. in a report on Friday, January 16th. National Bankshares decreased their price objective on Baytex Energy from C$4.75 to C$4.50 and set an “outperform” rating for the company in a research note on Wednesday, October 22nd. Raymond James Financial upgraded shares of Baytex Energy from a “hold” rating to a “moderate buy” rating in a research note on Thursday, November 13th. Royal Bank Of Canada downgraded Baytex Energy from an “outperform” rating to a “sector perform” rating in a report on Tuesday, January 13th. Finally, Capital One Financial upgraded Baytex Energy to a “hold” rating in a research report on Monday, October 27th.

Baytex Energy Stock Performance

Shares of Baytex Energy stock opened at C$4.83 on Thursday. Baytex Energy has a one year low of C$1.91 and a one year high of C$4.89. The company has a market cap of C$3.71 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 0.12 and a beta of 1.02. The business’s 50 day moving average price is C$4.48 and its 200 day moving average price is C$3.72. The company has a debt-to-equity ratio of 57.38, a quick ratio of 0.77 and a current ratio of 0.69.

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

Baytex Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Friday, January 2nd were paid a dividend of $0.0225 per share. The ex-dividend date was Monday, December 15th. This represents a $0.09 annualized dividend and a dividend yield of 1.9%. Baytex Energy’s dividend payout ratio is 32.14%.

Insider Activity at Baytex Energy

In related news, Director Mark Bly bought 20,000 shares of the company’s stock in a transaction dated Wednesday, December 24th. The shares were acquired at an average price of C$4.50 per share, with a total value of C$90,000.00. Following the completion of the acquisition, the director owned 575,638 shares in the company, valued at approximately C$2,590,371. This trade represents a 3.60% increase in their position. Also, insider Chad Lundberg purchased 11,500 shares of the business’s stock in a transaction dated Tuesday, December 30th. The shares were bought at an average price of C$4.36 per share, with a total value of C$50,140.00. Following the purchase, the insider directly owned 532,801 shares of the company’s stock, valued at approximately C$2,323,012.36. The trade was a 2.21% increase in their ownership of the stock. Company insiders own 0.83% of the company’s stock.

Baytex Energy Company Profile

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.