Baytex Energy (TSE:BTE) Price Target Increased to C$7.00 by Analysts at Stifel Nicolaus

Baytex Energy (TSE:BTE) (NYSE:BTE) had its price target upped by Stifel Nicolaus from C$6.25 to C$7.00 in a report released on Tuesday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other research firms also recently issued reports on BTE. ATB Capital dropped their target price on shares of Baytex Energy from C$6.50 to C$6.00 and set an outperform rating for the company in a research report on Thursday, February 29th. National Bankshares dropped their price objective on shares of Baytex Energy from C$8.25 to C$7.25 and set an outperform rating on the stock in a research note on Wednesday, January 10th. CIBC lifted their price objective on shares of Baytex Energy from C$6.00 to C$6.50 and gave the company a neutral rating in a research note on Monday, April 22nd. TD Securities dropped their price objective on shares of Baytex Energy from C$6.50 to C$6.00 and set a buy rating on the stock in a research note on Thursday, February 29th. Finally, Raymond James dropped their price objective on shares of Baytex Energy from C$6.75 to C$5.00 and set a market perform rating on the stock in a research note on Friday, January 19th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Baytex Energy has an average rating of Moderate Buy and an average price target of C$6.53.

Baytex Energy Trading Up 0.6 %

TSE BTE opened at C$5.36 on Tuesday. Baytex Energy has a 12 month low of C$3.83 and a 12 month high of C$6.37. The company has a 50-day moving average of C$4.81 and a 200-day moving average of C$4.85. 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 company has a market cap of C$4.40 billion, a P/E ratio of -16.24, a P/E/G ratio of 0.12 and a beta of 2.78.

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

Baytex Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a $0.023 dividend. This represents a $0.09 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date was Thursday, March 14th. Baytex Energy’s dividend payout ratio is presently -27.27%.

Insiders Place Their Bets

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

Baytex Energy Company Profile

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.