Baytex Energy Corp. (TSE:BTE - Free Report) NYSE: BTE - Equities research analysts at Atb Cap Markets dropped their FY2025 EPS estimates for shares of Baytex Energy in a report issued on Wednesday, March 5th. Atb Cap Markets analyst A. Arif now forecasts that the company will post earnings of $0.50 per share for the year, down from their prior forecast of $0.59. Atb Cap Markets has a "Hold" rating on the stock. The consensus estimate for Baytex Energy's current full-year earnings is $0.37 per share. Atb Cap Markets also issued estimates for Baytex Energy's FY2027 earnings at ($0.09) EPS.
BTE has been the topic of a number of other research reports. CIBC decreased their target price on shares of Baytex Energy from C$6.00 to C$5.00 in a research report on Friday, January 17th. BMO Capital Markets lowered their target price on Baytex Energy from C$5.00 to C$4.00 in a research note on Wednesday, March 5th. Royal Bank of Canada reduced their price target on Baytex Energy from C$5.50 to C$5.00 in a research report on Tuesday, January 14th. TD Securities lowered their price objective on Baytex Energy from C$5.50 to C$5.00 in a research report on Wednesday, March 5th. Finally, ATB Capital cut their target price on shares of Baytex Energy from C$5.50 to C$5.20 in a report on Wednesday, December 4th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Baytex Energy presently has a consensus rating of "Hold" and a consensus price target of C$5.59.
Check Out Our Latest Stock Analysis on BTE
Baytex Energy Price Performance
Shares of BTE stock traded down C$0.08 during trading hours on Monday, hitting C$2.84. 9,535,431 shares of the company's stock were exchanged, compared to its average volume of 4,446,563. Baytex Energy has a 12-month low of C$2.74 and a 12-month high of C$5.55. The company has a market capitalization of C$2.24 billion, a PE ratio of -6.46, a PEG ratio of 0.12 and a beta of 2.61. The business's 50 day simple moving average is C$3.55 and its 200-day simple moving average is C$3.94. The company has a current ratio of 0.69, a quick ratio of 0.77 and a debt-to-equity ratio of 57.38.
Baytex Energy Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, April 1st will be paid a $0.0225 dividend. This represents a $0.09 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Friday, March 14th. Baytex Energy's payout ratio is -20.48%.
About Baytex Energy
(
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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.
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