Baytex Energy (TSE:BTE) PT Lowered to C$6.00

Baytex Energy (TSE:BTE - Free Report) NYSE: BTE had its price objective cut by Canaccord Genuity Group from C$6.50 to C$6.00 in a research report released on Tuesday, BayStreet.CA reports.

Several other equities analysts also recently commented on the stock. Raymond James raised shares of Baytex Energy to a "hold" rating in a research note on Thursday, October 17th. TD Securities reduced their target price on shares of Baytex Energy from C$6.00 to C$5.50 in a research report on Tuesday, October 1st. Royal Bank of Canada dropped their price target on Baytex Energy from C$6.50 to C$5.50 in a research report on Tuesday, September 17th. Finally, National Bankshares reduced their price target on Baytex Energy from C$8.00 to C$7.50 in a report on Friday, September 27th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Baytex Energy has a consensus rating of "Moderate Buy" and an average price target of C$6.11.

Baytex Energy Stock Performance

BTE stock traded down C$0.01 during midday trading on Tuesday, reaching C$4.05. 3,425,167 shares of the company's stock traded hands, compared to its average volume of 4,716,320. Baytex Energy has a 52 week low of C$3.85 and a 52 week high of C$6.35. The company has a 50-day moving average price of C$4.43 and a two-hundred day moving average price of C$4.74. The company has a debt-to-equity ratio of 62.33, a quick ratio of 0.77 and a current ratio of 0.72. The firm has a market capitalization of C$3.26 billion, a PE ratio of -5.93, a price-to-earnings-growth ratio of 0.12 and a beta of 2.61.

Baytex Energy (TSE:BTE - Get Free Report) NYSE: BTE last announced its earnings results on Thursday, July 25th. The company reported C$0.13 earnings per share for the quarter, missing analysts' consensus estimates of C$0.16 by C($0.03). The business had revenue of C$1.13 billion during the quarter, compared to the consensus estimate of C$1.04 billion. Baytex Energy had a negative return on equity of 9.55% and a negative net margin of 11.92%. As a group, equities analysts anticipate that Baytex Energy will post 0.3703367 EPS for the current year.

Baytex Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, October 1st were paid a $0.023 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.09 annualized dividend and a dividend yield of 2.27%. Baytex Energy's dividend payout ratio (DPR) is -13.04%.

Insider Activity at Baytex Energy

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

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.