Baytex Energy Corp. (TSE:BTE) Stock Has Average Price Target of C$7.15 According to Analysts

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) has earned an average rating of “Moderate Buy” from the eleven ratings firms that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$7.15.

A number of research analysts recently weighed in on BTE shares. Raymond James Financial lifted their price objective on shares of Baytex Energy from C$8.00 to C$8.50 and gave the company a “strong-buy” rating in a research note on Friday, July 31st. National Bank Financial increased their target price on Baytex Energy from C$8.50 to C$9.50 and gave the stock an “outperform” rating in a research report on Wednesday, September 30th.

Baytex Energy Price Performance

BTE opened at C$7.30 on Tuesday. The company has a market capitalization of C$5.10 billion, a price-to-earnings ratio of -7.93, a PEG ratio of 0.12 and a beta of 0.60. The company has a quick ratio of 0.77, a current ratio of 2.82 and a debt-to-equity ratio of 6.94. The firm has a 50-day moving average price of C$6.63 and a 200-day moving average price of C$6.36. Baytex Energy has a twelve month low of C$3.07 and a twelve month high of C$7.42.

Baytex Energy (TSE:BTE) (NYSE:BTE) last posted its quarterly earnings results on Thursday, July 30th. The company reported C$0.24 earnings per share (EPS) for the quarter. The company had revenue of C$564.88 million for the quarter. Baytex Energy had a negative net margin of 131.38% and a negative return on equity of 26.41%. Equities analysts expect that Baytex Energy will post 0.37 EPS for the current year.

Baytex Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, October 1st were given a $0.0225 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $0.09 annualized dividend and a dividend yield of 1.2%. Baytex Energy’s payout ratio is -7.34%.

About Baytex Energy

Baytex Energy Corp. is a Calgary -based energy company committed to driving shareholder value through disciplined execution. It operates a high-quality, high-return portfolio in the Western Canadian Sedimentary Basin, featuring the Pembina Duvernay and heavy oil plays in Alberta and Saskatchewan. These core assets are backed by an extensive drilling inventory and consistently generate strong cash flow.