Baytex Energy Corp. (TSE:BTE - Get Free Report) NYSE: BTE fell 1.9% on Wednesday after CIBC lowered their price target on the stock from C$5.00 to C$4.25. The stock traded as low as C$1.91 and last traded at C$2.04. 1,644,930 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 4,549,071 shares. The stock had previously closed at C$2.08.
A number of other equities analysts have also recently weighed in on BTE. Royal Bank of Canada decreased their price objective on shares of Baytex Energy from C$5.50 to C$5.00 in a research report on Tuesday, January 14th. Raymond James dropped their price objective on Baytex Energy from C$5.00 to C$4.00 in a report on Wednesday, April 9th. Scotiabank upgraded Baytex Energy to a "hold" rating in a research note on Wednesday, March 19th. Atb Cap Markets lowered shares of Baytex Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 30th. Finally, TD Securities reduced their price objective on shares of Baytex Energy from C$5.50 to C$5.00 in a research note on Wednesday, March 5th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of C$5.33.
Read Our Latest Stock Analysis on BTE
Baytex Energy Stock Down 0.9 %
The firm has a market cap of C$1.77 billion, a price-to-earnings ratio of -5.10, a price-to-earnings-growth ratio of 0.12 and a beta of 2.61. The stock has a 50-day moving average of C$3.08 and a 200-day moving average of C$3.62. 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 company also recently declared 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. The ex-dividend date was Friday, March 14th. This represents a $0.09 annualized dividend and a dividend yield of 4.02%. Baytex Energy's dividend payout ratio is currently -20.48%.
Baytex Energy Company Profile
(
Get Free Report)
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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