Baytex Energy Corp. (TSE:BTE) Receives Average Recommendation of "Hold" from Brokerages

Baytex Energy Corp. (TSE:BTE - Get Free Report) NYSE: BTE has received a consensus rating of "Hold" from the six ratings firms that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$5.59.

A number of research analysts recently issued reports on the stock. Royal Bank of Canada decreased their price target on shares of Baytex Energy from C$5.50 to C$5.00 in a research note on Tuesday, January 14th. Atb Cap Markets lowered shares of Baytex Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 30th. ATB Capital cut their price objective on shares of Baytex Energy from C$5.50 to C$5.20 in a report on Wednesday, December 4th. TD Securities dropped their target price on shares of Baytex Energy from C$5.50 to C$5.00 in a research report on Wednesday, March 5th. Finally, CIBC cut their price target on shares of Baytex Energy from C$6.00 to C$5.00 in a research note on Friday, January 17th.

Baytex Energy Stock Down 3.2 %

Shares of Baytex Energy stock traded down C$0.10 during trading hours on Monday, reaching C$2.98. 5,166,405 shares of the company were exchanged, compared to its average volume of 4,477,180. The firm has a market cap of C$2.35 billion, a PE ratio of -6.78, a PEG ratio of 0.12 and a beta of 2.61. The stock's fifty day moving average is C$3.51 and its 200 day moving average is C$3.91. Baytex Energy has a 1 year low of C$2.74 and a 1 year high of C$5.55. The company has a debt-to-equity ratio of 57.38, a quick ratio of 0.77 and a current ratio of 0.69.

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Baytex Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.0225 per share. This represents a $0.09 annualized dividend and a yield of 3.02%. The ex-dividend date is 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.