Baytex Energy (TSE:BTE – Free Report) (NYSE:BTE) had its price objective trimmed by National Bankshares from C$8.00 to C$7.50 in a research note released on Friday morning, BayStreet.CA reports.
A number of other analysts have also commented on BTE. Canaccord Genuity Group boosted their price target on shares of Baytex Energy from C$6.25 to C$6.50 in a research note on Friday, July 26th. Royal Bank of Canada reduced their price objective on shares of Baytex Energy from C$6.50 to C$5.50 in a report on Tuesday, September 17th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of C$6.28.
View Our Latest Stock Report on Baytex Energy
Baytex Energy Price Performance
Baytex Energy (TSE:BTE – Get Free Report) (NYSE:BTE) last announced its quarterly 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). The firm had revenue of C$1.13 billion during the quarter, compared to the consensus estimate of C$1.04 billion. Baytex Energy had a negative return on equity of 9.55% and a negative net margin of 11.92%. Equities research analysts anticipate that Baytex Energy will post 0.3651203 earnings per share for the current fiscal year.
Baytex Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, October 1st will be paid a $0.023 dividend. The ex-dividend date is Monday, September 16th. This represents a $0.09 annualized dividend and a yield of 2.32%. Baytex Energy’s dividend payout ratio (DPR) is -13.04%.
Insider Activity at Baytex Energy
In related news, Senior Officer Chadwick Kalmakoff acquired 12,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price of C$4.18 per share, for a total transaction of C$50,160.00. 0.82% of the stock is currently owned by company 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.
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