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

Shares of Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) have been given an average rating of “Moderate Buy” by the eleven brokerages that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$6.53.

A number of research analysts recently issued reports on BTE shares. Raymond James reduced their price objective on Baytex Energy from C$6.75 to C$5.00 and set a “market perform” rating for the company in a research report on Friday, January 19th. National Bankshares reduced their price target on Baytex Energy from C$8.25 to C$7.25 and set an “outperform” rating for the company in a research report on Wednesday, January 10th. Royal Bank of Canada reduced their price target on Baytex Energy from C$8.00 to C$7.00 and set an “outperform” rating for the company in a research report on Thursday, February 29th. BMO Capital Markets set a C$6.00 price target on Baytex Energy and gave the stock a “market perform” rating in a research report on Tuesday, April 9th. Finally, TD Securities reduced their price target on Baytex Energy from C$6.50 to C$6.00 and set a “buy” rating for the company in a research report on Thursday, February 29th.

Baytex Energy Trading Up 3.8 %

TSE:BTE opened at C$5.20 on Friday. Baytex Energy has a 12-month low of C$3.83 and a 12-month high of C$6.37. The firm has a market capitalization of C$4.27 billion, a P/E ratio of -15.76, a P/E/G ratio of 0.12 and a beta of 2.78. The company has a debt-to-equity ratio of 63.80, a current ratio of 0.79 and a quick ratio of 0.77. The business has a 50 day simple moving average of C$4.75 and a 200 day simple moving average of C$4.85.

Baytex Energy (TSE:BTE) (NYSE:BTE) last released its quarterly earnings data on Wednesday, February 28th. The company reported C$0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.13 by C$0.12. Baytex Energy had a negative return on equity of 6.81% and a negative net margin of 8.60%. The business had revenue of C$1.07 billion during the quarter. Equities research analysts predict that Baytex Energy will post 0.7398601 EPS for the current year.

Baytex Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were paid a $0.023 dividend. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Thursday, March 14th. Baytex Energy’s dividend payout ratio is presently -27.27%.

Insider Transactions at Baytex Energy

In other news, Director Tiffany Thom Cepak sold 40,000 shares of the business’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$3.55, for a total value of C$142,000.00. In other news, Director Tiffany Thom Cepak sold 40,000 shares of the business’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$3.55, for a total transaction of C$142,000.00. Also, Senior Officer Eric Thomas Greager bought 20,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were bought at an average cost of C$4.25 per share, for a total transaction of C$85,000.00. Company insiders own 0.73% 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.