Baytex Energy Corp. (TSE:BTE) Receives C$5.59 Consensus PT from Brokerages

Baytex Energy Corp. (TSE:BTE - Get Free Report) NYSE: BTE has been given a consensus rating of "Hold" by the six research firms that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$5.33.

BTE has been the subject of several research analyst reports. Atb Cap Markets lowered Baytex Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 30th. BMO Capital Markets lowered their target price on Baytex Energy from C$5.00 to C$4.00 in a report on Wednesday, March 5th. CIBC dropped their price target on Baytex Energy from C$5.00 to C$4.25 in a research note on Thursday. Scotiabank raised shares of Baytex Energy to a "hold" rating in a research report on Wednesday, March 19th. Finally, Royal Bank of Canada dropped their target price on shares of Baytex Energy from C$5.50 to C$5.00 in a research report on Tuesday, January 14th.

Baytex Energy Trading Up 2.3 %

TSE BTE traded up C$0.05 during mid-day trading on Friday, reaching C$2.26. 7,056,912 shares of the stock were exchanged, compared to its average volume of 4,864,397. The stock has a market cap of C$1.78 billion, a P/E ratio of -5.14, a P/E/G ratio of 0.12 and a beta of 2.61. 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 one year low of C$1.91 and a one year high of C$5.45. The stock has a 50 day simple moving average of C$3.08 and a 200-day simple moving average of C$3.62.

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Baytex Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, April 1st were given a dividend of $0.0225 per share. This represents a $0.09 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date was Friday, March 14th. Baytex Energy's payout ratio is -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.