Baytex Energy Corp. (TSE:BTE) Given Average Rating of “Hold” by Analysts

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) has been given a consensus rating of “Hold” by the six ratings firms that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$5.59.

BTE has been the topic of several analyst reports. Atb Cap Markets downgraded shares of Baytex Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. CIBC dropped their price target on shares of Baytex Energy from C$6.00 to C$5.00 in a research note on Friday, January 17th. BMO Capital Markets dropped their price target on shares of Baytex Energy from C$5.00 to C$4.00 in a research note on Wednesday, March 5th. Royal Bank of Canada dropped their price target on shares of Baytex Energy from C$5.50 to C$5.00 in a research note on Tuesday, January 14th. Finally, TD Securities dropped their price target on shares of Baytex Energy from C$5.50 to C$5.00 in a research note on Wednesday, March 5th.

Baytex Energy Stock Performance

TSE:BTE opened at C$2.92 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.77 and a debt-to-equity ratio of 57.38. The firm has a market capitalization of C$2.31 billion, a price-to-earnings ratio of -6.65, a PEG ratio of 0.12 and a beta of 2.61. The firm’s fifty day simple moving average is C$3.55 and its 200 day simple moving average is C$3.94. Baytex Energy has a twelve month low of C$2.74 and a twelve month high of C$5.55.

Baytex Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Thursday, January 2nd were given a $0.023 dividend. This represents a $0.09 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Friday, December 13th. Baytex Energy’s payout ratio is currently -20.48%.

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.