Baytex Energy (TSE:BTE) Given New C$5.00 Price Target at National Bankshares

Baytex Energy (TSE:BTE) (NYSE:BTE) had its target price cut by National Bankshares from C$5.50 to C$5.00 in a research report released on Tuesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

BTE has been the topic of several other research reports. Royal Bank of Canada cut their price target on shares of Baytex Energy from C$5.50 to C$5.00 in a report on Tuesday, January 14th. Raymond James cut their price objective on shares of Baytex Energy from C$4.00 to C$3.50 and set a “market perform” rating on the stock in a research note on Tuesday. Scotiabank upgraded shares of Baytex Energy to a “hold” rating in a research report on Wednesday, March 19th. BMO Capital Markets cut their price target on Baytex Energy from C$5.00 to C$4.00 in a research report on Wednesday, March 5th. Finally, TD Securities decreased their price objective on Baytex Energy from C$4.75 to C$4.50 and set a “buy” rating for the company in a report on Tuesday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Baytex Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of C$4.68.

Baytex Energy Stock Performance

Shares of BTE stock opened at C$2.09 on Tuesday. The company has a debt-to-equity ratio of 57.38, a current ratio of 0.69 and a quick ratio of 0.77. The business has a fifty day moving average of C$2.67 and a 200 day moving average of C$3.38. The firm has a market capitalization of C$1.65 billion, a price-to-earnings ratio of -4.76, a price-to-earnings-growth ratio of 0.12 and a beta of 2.61. Baytex Energy has a 1 year low of C$1.91 and a 1 year high of C$5.25.

Baytex Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, April 1st were paid a dividend of $0.0225 per share. This represents a $0.09 annualized dividend and a dividend yield of 4.31%. The ex-dividend date was Friday, March 14th. Baytex Energy’s payout ratio is currently -20.48%.

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.