Baytex Energy (TSE:BTE) Price Target Raised to C$5.00

Baytex Energy (TSE:BTE) (NYSE:BTE) had its price target boosted by TD Securities from C$4.75 to C$5.00 in a research report released on Tuesday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other equities research analysts have also issued reports on BTE. BMO Capital Markets raised Baytex Energy from a “hold” rating to an “outperform” rating and boosted their target price for the stock from C$3.00 to C$6.00 in a research report on Thursday, November 13th. National Bankshares cut their price objective on Baytex Energy from C$4.75 to C$4.50 and set an “outperform” rating on the stock in a report on Wednesday, October 22nd. Capital One Financial raised shares of Baytex Energy to a “hold” rating in a research note on Monday, October 27th. Raymond James Financial raised shares of Baytex Energy from a “hold” rating to a “moderate buy” rating in a research report on Thursday, November 13th. Finally, Scotiabank upgraded shares of Baytex Energy from a “hold” rating to an “outperform” rating and boosted their price target for the company from C$4.00 to C$5.25 in a report on Thursday, November 13th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$4.79.

Baytex Energy Stock Up 0.2%

TSE BTE opened at C$4.35 on Tuesday. Baytex Energy has a 12 month low of C$1.91 and a 12 month high of C$4.65. The company has a market capitalization of C$3.34 billion, a P/E ratio of 15.54, a PEG ratio of 0.12 and a beta of 0.97. The company’s 50 day simple moving average is C$4.00 and its 200 day simple moving average is C$3.31. The company has a debt-to-equity ratio of 57.38, a current ratio of 0.69 and a quick ratio of 0.77.

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

Baytex Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, January 2nd will be issued a dividend of $0.0225 per share. This represents a $0.09 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Monday, December 15th. Baytex Energy’s dividend payout ratio (DPR) 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.