Baytex Energy Corp. (TSE:BTE - Get Free Report) NYSE: BTE has been assigned a consensus recommendation of "Moderate Buy" from the eight analysts that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$5.84.
BTE has been the subject of a number of research analyst reports. Canaccord Genuity Group lowered their price objective on shares of Baytex Energy from C$6.50 to C$6.00 in a research report on Tuesday, October 22nd. 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 dropped their price objective on Baytex Energy from C$6.00 to C$5.50 in a research note on Wednesday, December 4th. Royal Bank of Canada lowered their target price on Baytex Energy from C$5.50 to C$5.00 in a report on Tuesday, January 14th. Finally, ATB Capital cut their price target on shares of Baytex Energy from C$5.50 to C$5.20 in a research note on Wednesday, December 4th.
Get Our Latest Report on Baytex Energy
Insider Buying and Selling at Baytex Energy
In related news, Senior Officer Nicole Marie Frechette bought 8,200 shares of the stock in a transaction dated Monday, December 9th. The stock was acquired at an average price of C$3.67 per share, for a total transaction of C$30,094.00. 0.83% of the stock is owned by insiders.
Baytex Energy Trading Up 1.1 %
BTE traded up C$0.04 during trading hours on Thursday, reaching C$3.62. The company's stock had a trading volume of 1,812,135 shares, compared to its average volume of 3,851,754. The stock has a market cap of C$2.86 billion, a PE ratio of -8.24, a P/E/G ratio of 0.12 and a beta of 2.61. Baytex Energy has a fifty-two week low of C$3.15 and a fifty-two week high of C$5.55. The company has a debt-to-equity ratio of 57.38, a current ratio of 0.69 and a quick ratio of 0.77. The business's 50-day moving average is C$3.61 and its 200-day moving average is C$4.09.
Baytex Energy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Thursday, January 2nd were paid a dividend of $0.023 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 2.54%. Baytex Energy's payout ratio is currently -20.48%.
About Baytex Energy
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Get Free ReportBaytex 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.
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