Free Trial

Baytex Energy Corp. (TSE:BTE) Given Average Recommendation of "Moderate Buy" by Brokerages

Baytex Energy logo with Energy background

Shares of Baytex Energy Corp. (TSE:BTE - Get Free Report) NYSE: BTE have received an average recommendation of "Moderate Buy" from the eight research firms that are currently covering the company, MarketBeat reports. Four 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 issued a report on the stock in the last year is C$5.84.

A number of equities research analysts have recently weighed in on BTE shares. Atb Cap Markets lowered shares of Baytex Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 30th. ATB Capital lowered their price target on shares of Baytex Energy from C$5.50 to C$5.20 in a report on Wednesday, December 4th. CIBC lowered their price target on shares of Baytex Energy from C$6.00 to C$5.00 in a report on Friday, January 17th. Canaccord Genuity Group lowered their price target on shares of Baytex Energy from C$6.50 to C$6.00 in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada lowered their price target on shares of Baytex Energy from C$5.50 to C$5.00 in a report on Tuesday, January 14th.

Get Our Latest Analysis on BTE

Baytex Energy Stock Down 0.6 %

TSE BTE traded down C$0.02 on Thursday, hitting C$3.49. The stock had a trading volume of 3,345,454 shares, compared to its average volume of 3,941,187. The business's fifty day moving average price is C$3.61 and its 200 day moving average price is C$4.11. 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 has a 52-week low of C$3.15 and a 52-week high of C$5.55. The stock has a market cap of C$2.76 billion, a price-to-earnings ratio of -7.94, a price-to-earnings-growth ratio of 0.12 and a beta of 2.61.

Baytex Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Thursday, January 2nd were given a dividend of $0.023 per share. The ex-dividend date was Friday, December 13th. This represents a $0.09 annualized dividend and a dividend yield of 2.64%. Baytex Energy's dividend payout ratio (DPR) is presently -20.48%.

Insider Buying and Selling

In other Baytex Energy news, Senior Officer Nicole Marie Frechette acquired 8,200 shares of the business's stock in a transaction on Monday, December 9th. The stock was bought at an average price of C$3.67 per share, for a total transaction of C$30,094.00. Insiders own 0.83% of the company's stock.

About Baytex Energy

(Get Free Report

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.

See Also

Analyst Recommendations for Baytex Energy (TSE:BTE)

Should You Invest $1,000 in Baytex Energy Right Now?

Before you consider Baytex Energy, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Baytex Energy wasn't on the list.

While Baytex Energy currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for March 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

NVIDIA Earnings: Will it Spark a Rally or Trigger a Sell-Off?
Marjorie Taylor Greene Bought THOUSANDS in Tesla Stock
The EXACT Date of Next Stock Market Crash

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines