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

Shares of Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) have been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$7.05.

A number of brokerages have commented on BTE. ATB Cormark Capital Markets lifted their price target on Baytex Energy from C$7.00 to C$8.50 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. 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 research note on Friday, July 31st. Royal Bank Of Canada raised their target price on shares of Baytex Energy from C$6.50 to C$7.00 and gave the stock a “sector perform” rating in a report on Monday, May 11th. TD upped their price target on shares of Baytex Energy from C$6.00 to C$6.50 and gave the company a “hold” rating in a report on Monday, May 11th. Finally, National Bank Financial raised their price target on shares of Baytex Energy from C$7.50 to C$8.50 and gave the stock a “sector perform” rating in a report on Friday, May 8th.

Insider Activity

In related news, Director Stephen David Lile Reynish sold 77,600 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of C$6.85, for a total transaction of C$531,560.00. Following the transaction, the director owned 15,400 shares in the company, valued at C$105,490. The trade was a 83.44% decrease in their position. 0.83% of the stock is owned by insiders.

Baytex Energy Stock Performance

Baytex Energy stock opened at C$6.61 on Monday. The firm has a fifty day simple moving average of C$5.93 and a two-hundred day simple moving average of C$5.95. The company has a quick ratio of 0.77, a current ratio of 2.82 and a debt-to-equity ratio of 6.94. Baytex Energy has a twelve month low of C$2.81 and a twelve month high of C$7.37. The company has a market capitalization of C$4.62 billion, a PE ratio of -7.18, a P/E/G ratio of 0.12 and a beta of 0.37.

Baytex Energy (TSE:BTE) (NYSE:BTE) last announced its quarterly earnings data on Thursday, July 30th. The company reported C$0.24 earnings per share (EPS) for the quarter. Baytex Energy had a negative return on equity of 26.41% and a negative net margin of 131.38%.The firm had revenue of C$564.88 million for the quarter. Research analysts expect that Baytex Energy will post 0.3703367 EPS for the current year.

Baytex Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, July 2nd were issued a dividend of $0.0225 per share. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, June 15th. Baytex Energy’s dividend payout ratio is currently -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.