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

Shares of Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) have been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$4.78.

Several equities analysts have recently commented on BTE shares. National Bankshares lowered their price objective on Baytex Energy from C$4.75 to C$4.50 and set an “outperform” rating on the stock in a research report on Wednesday, October 22nd. Capital One Financial raised Baytex Energy to a “hold” rating in a research note on Monday, October 27th. BMO Capital Markets raised Baytex Energy from a “hold” rating to an “outperform” rating and boosted their price target for the stock from C$3.00 to C$6.00 in a report on Thursday, November 13th. Raymond James Financial raised shares of Baytex Energy from a “hold” rating to a “moderate buy” rating in a report on Thursday, November 13th. Finally, Scotiabank upgraded shares of Baytex Energy from a “hold” rating to an “outperform” rating and lifted their price objective for the company from C$4.00 to C$5.25 in a research report on Thursday, November 13th.

Baytex Energy Stock Performance

Shares of TSE BTE opened at C$4.46 on Friday. The stock has a market cap of C$3.43 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 0.12 and a beta of 0.72. Baytex Energy has a 1 year low of C$1.91 and a 1 year high of C$4.65. The firm has a fifty day moving average price of C$3.52 and a 200-day moving average price of C$2.97. The company has a debt-to-equity ratio of 57.38, a current ratio of 0.69 and a quick ratio of 0.77.

Baytex Energy (TSE:BTE) (NYSE:BTE) last released its earnings results on Thursday, October 30th. The company reported C$0.04 earnings per share for the quarter. Baytex Energy had a negative net margin of 10.45% and a negative return on equity of 8.96%. The company had revenue of C$746.42 million for the quarter. Equities analysts anticipate that Baytex Energy will post 0.3703367 earnings per share for the current fiscal year.

Baytex Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Wednesday, October 1st were paid a dividend of $0.0225 per share. This represents a $0.09 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Monday, September 15th. Baytex Energy’s dividend payout ratio (DPR) is presently 32.14%.

Baytex Energy Company Profile

Baytex Energy Corp is an oil and gas company. Geographically, the group operates in Canada and the United States. The company derives a majority of revenue from Canada. Its Canada segment includes the exploration, development, and production of crude oil and natural gas in Western Canada.