Analysts Set Baytex Energy Corp. (TSE:BTE) Target Price at C$6.23

Shares of Baytex Energy Corp. (TSE:BTE - Get Free Report) NYSE: BTE have received an average recommendation of "Moderate Buy" from the ten analysts that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$6.23.

Several analysts recently issued reports on the stock. National Bankshares reduced their price target on shares of Baytex Energy from C$8.00 to C$7.50 in a research report on Friday, September 27th. TD Securities decreased their target price on shares of Baytex Energy from C$6.00 to C$5.50 in a research report on Tuesday, October 1st. Canaccord Genuity Group upped their target price on shares of Baytex Energy from C$6.25 to C$6.50 in a report on Friday, July 26th. Finally, Royal Bank of Canada cut their price target on Baytex Energy from C$6.50 to C$5.50 in a research note on Tuesday, September 17th.

Insider Transactions at Baytex Energy

In other news, Senior Officer Chadwick Kalmakoff acquired 12,000 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of C$4.18 per share, for a total transaction of C$50,160.00. 0.82% of the stock is currently owned by company insiders.

Baytex Energy Stock Performance

The firm's 50 day moving average price is C$4.50 and its two-hundred day moving average price is C$4.76. Baytex Energy has a 1 year low of C$3.85 and a 1 year high of C$6.37. The company has a quick ratio of 0.77, a current ratio of 0.72 and a debt-to-equity ratio of 62.33. The company has a market capitalization of C$3.57 billion, a PE ratio of -6.41, a P/E/G ratio of 0.12 and a beta of 2.61.

Baytex Energy (TSE:BTE - Get Free Report) NYSE: BTE last posted its quarterly earnings results on Thursday, July 25th. The company reported C$0.13 EPS for the quarter, missing analysts' consensus estimates of C$0.16 by C($0.03). Baytex Energy had a negative return on equity of 9.55% and a negative net margin of 11.92%. The company had revenue of C$1.13 billion during the quarter, compared to analyst estimates of C$1.04 billion.

Baytex Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, October 1st were issued a dividend of $0.023 per share. The ex-dividend date was Monday, September 16th. This represents a $0.09 dividend on an annualized basis and a yield of ∞. Baytex Energy's dividend payout ratio (DPR) is presently -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.