Atb Cap Markets Raises Earnings Estimates for Baytex Energy

Baytex Energy Corp. (TSE:BTE - Free Report) NYSE: BTE - Equities researchers at Atb Cap Markets boosted their Q4 2024 earnings per share (EPS) estimates for Baytex Energy in a research report issued to clients and investors on Friday, November 1st. Atb Cap Markets analyst A. Arif now forecasts that the company will post earnings per share of $0.16 for the quarter, up from their previous forecast of $0.13. 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 Q1 2025 earnings at $0.18 EPS, Q2 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.14 EPS, Q4 2025 earnings at $0.15 EPS, FY2025 earnings at $0.66 EPS and FY2026 earnings at $0.27 EPS.

A number of other research firms have also issued reports on BTE. Royal Bank of Canada reduced their price target on shares of Baytex Energy from C$6.50 to C$5.50 in a research report on Tuesday, September 17th. Raymond James upgraded shares of Baytex Energy to a "hold" rating in a research report on Thursday, October 17th. National Bankshares decreased their target price on shares of Baytex Energy from C$8.00 to C$7.50 in a research note on Friday, September 27th. Canaccord Genuity Group dropped their price target on shares of Baytex Energy from C$6.50 to C$6.00 in a research note on Tuesday, October 22nd. Finally, TD Securities lowered their target price on Baytex Energy from C$6.00 to C$5.50 in a research note on Tuesday, October 1st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Baytex Energy presently has an average rating of "Moderate Buy" and a consensus target price of C$6.11.

Baytex Energy Stock Up 4.4 %

Baytex Energy stock traded up C$0.18 during mid-day trading on Monday, hitting C$4.27. The company's stock had a trading volume of 8,462,201 shares, compared to its average volume of 4,737,857. The company has a debt-to-equity ratio of 62.33, a current ratio of 0.72 and a quick ratio of 0.77. Baytex Energy has a 52-week low of C$3.85 and a 52-week high of C$6.15. The firm's 50 day moving average is C$4.31 and its 200 day moving average is C$4.67. The company has a market cap of C$3.44 billion, a PE ratio of -6.19, a price-to-earnings-growth ratio of 0.12 and a beta of 2.61.

Insider Buying and Selling

In other Baytex Energy news, Senior Officer Chadwick Kalmakoff purchased 12,000 shares of the stock in a transaction dated Friday, September 6th. The shares were bought at an average cost of C$4.18 per share, with a total value of C$50,160.00. 0.83% of the stock is owned by insiders.

Baytex Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be paid a $0.023 dividend. This represents a $0.09 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Friday, December 13th. Baytex Energy's payout ratio is -13.04%.

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.