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

Shares of Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) have received a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$5.84.

A number of equities research analysts recently weighed in on the stock. National Bankshares decreased their target price on Baytex Energy from C$8.00 to C$7.50 in a research report on Friday, September 27th. CIBC dropped their target price on shares of Baytex Energy from C$6.00 to C$5.00 in a report on Friday. Raymond James raised shares of Baytex Energy to a “hold” rating in a research report on Thursday, October 17th. Canaccord Genuity Group lowered their price target on shares of Baytex Energy from C$6.50 to C$6.00 in a research report on Tuesday, October 22nd. Finally, ATB Capital cut their price objective on shares of Baytex Energy from C$5.50 to C$5.20 in a report on Wednesday, December 4th.

Baytex Energy Price Performance

Baytex Energy stock opened at C$3.82 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.77 and a debt-to-equity ratio of 62.33. The firm has a market capitalization of C$3.08 billion, a PE ratio of -5.54, a price-to-earnings-growth ratio of 0.12 and a beta of 2.61. Baytex Energy has a 12-month low of C$3.15 and a 12-month high of C$5.55. The firm has a 50-day moving average price of C$3.79 and a 200-day moving average price of C$4.28.

Baytex Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Thursday, January 2nd were paid a $0.023 dividend. This represents a $0.09 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Friday, December 13th. Baytex Energy’s dividend payout ratio (DPR) is presently -13.04%.

Insider Buying and Selling

In other Baytex Energy news, Senior Officer Nicole Marie Frechette purchased 8,200 shares of the stock in a transaction on Monday, December 9th. The shares were bought at an average cost of C$3.67 per share, with a total value of C$30,094.00. 0.83% of the stock is currently owned by company insiders.

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.