Baytex Energy Corp. (TSE:BTE) Receives Consensus Rating of "Hold" from Analysts

Baytex Energy Corp. (TSE:BTE - Get Free Report) NYSE: BTE has received a consensus recommendation of "Hold" from the six ratings firms that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$5.41.

A number of research firms have recently issued reports on BTE. Raymond James lowered their price objective on shares of Baytex Energy from C$5.00 to C$4.00 in a report on Wednesday. TD Securities cut their target price on shares of Baytex Energy from C$5.50 to C$5.00 in a research note on Wednesday, March 5th. BMO Capital Markets reduced their price objective on shares of Baytex Energy from C$5.00 to C$4.00 in a research report on Wednesday, March 5th. Scotiabank upgraded shares of Baytex Energy to a "hold" rating in a research report on Wednesday, March 19th. Finally, CIBC dropped their target price on Baytex Energy from C$6.00 to C$5.00 in a report on Friday, January 17th.

Baytex Energy Stock Up 22.1 %

BTE stock traded up C$0.46 during trading hours on Friday, reaching C$2.54. 14,022,296 shares of the stock were exchanged, compared to its average volume of 4,751,239. The firm's 50-day moving average is C$3.13 and its 200-day moving average is C$3.65. Baytex Energy has a 12 month low of C$1.91 and a 12 month high of C$5.45. The company has a market cap of C$2.01 billion, a price-to-earnings ratio of -5.78, a PEG 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.

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Baytex Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.0225 per share. The ex-dividend date was Friday, March 14th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 3.54%. Baytex Energy's dividend payout ratio (DPR) is currently -20.48%.

About Baytex Energy

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.