Brokerages Set Baytex Energy Corp. (TSE:BTE) PT at C$5.97

Shares of Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) have earned a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$5.97.

A number of research firms have weighed in on BTE. Raymond James raised Baytex Energy to a “hold” rating in a report on Thursday, October 17th. ATB Capital lowered their price target on Baytex Energy from C$5.50 to C$5.20 in a research report on Wednesday, December 4th. TD Securities reduced their price target on shares of Baytex Energy from C$6.00 to C$5.50 in a research report on Tuesday, October 1st. Royal Bank of Canada dropped their price objective on shares of Baytex Energy from C$6.50 to C$5.50 in a report on Tuesday, September 17th. Finally, BMO Capital Markets reduced their target price on Baytex Energy from C$6.00 to C$5.50 in a report on Wednesday, December 4th.

Baytex Energy Stock Performance

Shares of BTE stock opened at C$3.48 on Wednesday. The firm has a market capitalization of C$2.80 billion, a P/E ratio of -5.04, a price-to-earnings-growth ratio of 0.12 and a beta of 2.61. Baytex Energy has a 1 year low of C$3.15 and a 1 year high of C$5.55. The firm’s fifty day simple moving average is C$3.88 and its 200 day simple moving average is C$4.36. The company has a current ratio of 0.72, a quick ratio of 0.77 and a debt-to-equity ratio of 62.33.

Baytex Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.023 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.09 dividend on an annualized basis and a yield of 2.64%. Baytex Energy’s payout ratio is -13.04%.

Insider Transactions at Baytex Energy

In related news, Senior Officer Nicole Marie Frechette purchased 8,200 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was purchased at an average cost of C$3.67 per share, with a total value of C$30,094.00. 0.83% of the stock is owned by insiders.

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.