Baytex Energy Corp. (TSE:BTE) Receives Average Rating of "Moderate Buy" from Brokerages

Baytex Energy Corp. (TSE:BTE - Get Free Report) NYSE: BTE has earned a consensus recommendation of "Moderate Buy" from the nine ratings firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$6.11.

A number of research firms have weighed in on BTE. Royal Bank of Canada cut their target price on shares of Baytex Energy from C$6.50 to C$5.50 in a research report on Tuesday, September 17th. National Bankshares decreased their target price on Baytex Energy from C$8.00 to C$7.50 in a research note on Friday, September 27th. Canaccord Genuity Group dropped their price target on Baytex Energy from C$6.50 to C$6.00 in a research report on Tuesday, October 22nd. TD Securities reduced their price objective on Baytex Energy from C$6.00 to C$5.50 in a research report on Tuesday, October 1st. Finally, Raymond James upgraded shares of Baytex Energy to a "hold" rating in a research note on Thursday, October 17th.

Baytex Energy Stock Performance

Baytex Energy stock traded down C$0.02 during trading hours on Friday, reaching C$3.98. 3,106,321 shares of the company were exchanged, compared to its average volume of 4,668,862. Baytex Energy has a 12 month low of C$3.85 and a 12 month high of C$5.55. The stock has a 50-day moving average of C$4.15 and a 200 day moving average of C$4.54. The company has a current ratio of 0.72, a quick ratio of 0.77 and a debt-to-equity ratio of 62.33. The firm has a market cap of C$3.20 billion, a price-to-earnings ratio of -5.77, a PEG ratio of 0.12 and a beta of 2.61.

Baytex Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be paid a dividend of $0.023 per share. The ex-dividend date is Friday, December 13th. This represents a $0.09 dividend on an annualized basis and a yield of 2.31%. Baytex Energy's dividend payout ratio is currently -13.04%.

Insider Buying and Selling at Baytex Energy

In related news, Senior Officer Chadwick Kalmakoff bought 12,000 shares of the business's stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price of C$4.18 per share, for a total transaction of C$50,160.00. Insiders own 0.83% of the company's stock.

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.