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

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) has received a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$4.79.

BTE has been the subject of a number of research reports. Canaccord Genuity Group lowered Baytex Energy from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$5.00 to C$4.75 in a report on Tuesday, January 27th. National Bankshares reduced their target price on shares of Baytex Energy from C$4.75 to C$4.50 and set an “outperform” rating for the company in a research note on Wednesday, October 22nd. Capital One Financial upgraded Baytex Energy to a “hold” rating in a research report on Monday, October 27th. Royal Bank Of Canada cut shares of Baytex Energy from an “outperform” rating to a “sector perform” rating in a report on Tuesday, January 13th. Finally, BMO Capital Markets raised Baytex Energy from a “hold” rating to an “outperform” rating and raised their target price for the company from C$3.00 to C$6.00 in a research note on Thursday, November 13th.

Insider Activity

In other news, Director Mark Bly purchased 20,000 shares of the business’s stock in a transaction dated Wednesday, December 24th. The stock was bought at an average cost of C$4.50 per share, with a total value of C$90,000.00. Following the purchase, the director directly owned 575,638 shares of the company’s stock, valued at approximately C$2,590,371. This trade represents a 3.60% increase in their ownership of the stock. Also, insider Chad Lundberg acquired 11,500 shares of Baytex Energy stock in a transaction that occurred on Tuesday, December 30th. The stock was acquired at an average cost of C$4.36 per share, with a total value of C$50,140.00. Following the purchase, the insider owned 532,801 shares in the company, valued at C$2,323,012.36. The trade was a 2.21% increase in their position. Insiders own 0.83% of the company’s stock.

Baytex Energy Stock Performance

Baytex Energy stock opened at C$4.83 on Thursday. Baytex Energy has a 12 month low of C$1.91 and a 12 month high of C$4.89. The stock’s 50-day moving average is C$4.48 and its 200-day moving average is C$3.72. 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 company has a market cap of C$3.71 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 0.12 and a beta of 1.02.

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

Baytex Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, January 2nd were given a $0.0225 dividend. This represents a $0.09 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, December 15th. Baytex Energy’s dividend payout ratio is 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.