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

Shares of Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) have been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$6.25.

A number of research analysts have recently commented on BTE shares. Canaccord Genuity Group upped their target price on Baytex Energy from C$6.25 to C$6.50 in a research note on Friday, July 26th. Royal Bank of Canada dropped their price objective on Baytex Energy from C$6.50 to C$5.50 in a report on Tuesday.

Baytex Energy Stock Up 0.2 %

Shares of BTE opened at C$4.27 on Monday. The company has a quick ratio of 0.77, a current ratio of 0.72 and a debt-to-equity ratio of 62.33. The business has a fifty day moving average of C$4.70 and a 200 day moving average of C$4.77. The company has a market cap of C$3.44 billion, a PE ratio of -6.19, a P/E/G ratio of 0.12 and a beta of 2.65. Baytex Energy has a 52-week low of C$3.92 and a 52-week high of C$6.37.

Baytex Energy (TSE:BTE) (NYSE:BTE) last released its earnings results on Thursday, July 25th. The company reported C$0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.16 by C($0.03). Baytex Energy had a negative return on equity of 9.55% and a negative net margin of 11.92%. The firm had revenue of C$1.13 billion during the quarter, compared to the consensus estimate of C$1.04 billion. On average, sell-side analysts expect that Baytex Energy will post 0.6550633 EPS for the current year.

Baytex Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, October 1st will be given a dividend of $0.023 per share. This represents a $0.09 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Monday, September 16th. Baytex Energy’s dividend payout ratio (DPR) is presently -13.04%.

Insiders Place Their Bets

In other Baytex Energy news, Senior Officer Chadwick Kalmakoff bought 12,000 shares of the company’s stock in a transaction on Friday, September 6th. The shares were bought at an average cost of C$4.18 per share, for a total transaction of C$50,160.00. Company insiders own 0.82% of the company’s stock.

About Baytex Energy

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.