Baytex Energy Corp. (TSE:BTE) Stock Has Average Target Price of C$7.15

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) has received a consensus recommendation of “Moderate Buy” from the eleven research firms that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$7.15.

Several equities research analysts have recently commented on the company. Raymond James Financial increased their price objective on Baytex Energy from C$8.00 to C$8.50 and gave the company a “strong-buy” rating in a report on Friday, July 31st. National Bank Financial raised their target price 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.

Baytex Energy Stock Performance

Shares of TSE BTE opened at C$7.63 on Tuesday. The stock has a 50 day moving average price of C$6.69 and a 200 day moving average price of C$6.38. Baytex Energy has a 52 week low of C$3.07 and a 52 week high of C$7.68. The company has a debt-to-equity ratio of 6.94, a quick ratio of 0.77 and a current ratio of 2.82. The stock has a market capitalization of C$5.33 billion, a PE ratio of -8.29, a price-to-earnings-growth ratio of 0.12 and a beta of 0.60.

Baytex Energy (TSE:BTE) (NYSE:BTE) last posted its quarterly earnings results on Thursday, July 30th. The company reported C$0.24 earnings per share for the quarter. The firm had revenue of C$564.88 million during the quarter. Baytex Energy had a negative return on equity of 26.41% and a negative net margin of 131.38%. Analysts predict that Baytex Energy will post 0.37 earnings per share for the current fiscal year.

Baytex Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, October 1st were given a dividend of $0.0225 per share. This represents a $0.09 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 15th. Baytex Energy’s dividend payout ratio is -7.34%.

About Baytex Energy

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.