Baytex Energy Corp. (TSE:BTE) Given Consensus Rating of “Moderate Buy” by Analysts

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) has earned a consensus rating of “Moderate Buy” from the eleven brokerages that are covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is C$7.05.

BTE has been the subject of several research analyst reports. Raymond James Financial raised their price objective on shares of Baytex Energy from C$8.00 to C$8.50 and gave the stock a “strong-buy” rating in a report on Friday, July 31st. Royal Bank Of Canada raised their target price on Baytex Energy from C$6.50 to C$7.00 and gave the company a “sector perform” rating in a research note on Monday, May 11th. Scotia lifted their price target on Baytex Energy from C$6.50 to C$7.50 and gave the company a “sector outperform” rating in a research report on Friday, May 8th. National Bank Financial upped their price target on Baytex Energy from C$7.50 to C$8.50 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Finally, TD increased their price objective on Baytex Energy from C$6.00 to C$6.50 and gave the stock a “hold” rating in a report on Monday, May 11th.

Insider Transactions at Baytex Energy

In related news, Director Stephen David Lile Reynish sold 77,600 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of C$6.85, for a total transaction of C$531,560.00. Following the sale, the director owned 15,400 shares of the company’s stock, valued at C$105,490. The trade was a 83.44% decrease in their ownership of the stock. 0.83% of the stock is currently owned by company insiders.

Baytex Energy Price Performance

Shares of TSE BTE opened at C$6.61 on Monday. The firm has a fifty day simple moving average of C$5.93 and a two-hundred day simple moving average of C$5.95. Baytex Energy has a 12 month low of C$2.81 and a 12 month high of C$7.37. The company has a current ratio of 2.82, a quick ratio of 0.77 and a debt-to-equity ratio of 6.94. The firm has a market capitalization of C$4.62 billion, a PE ratio of -7.18, a price-to-earnings-growth ratio of 0.12 and a beta of 0.37.

Baytex Energy (TSE:BTE) (NYSE:BTE) last announced its earnings results on Thursday, July 30th. The company reported C$0.24 earnings per share for the quarter. Baytex Energy had a negative net margin of 131.38% and a negative return on equity of 26.41%. The firm had revenue of C$564.88 million for the quarter. Equities analysts expect that Baytex Energy will post 0.3703367 earnings per share for the current year.

Baytex Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Thursday, July 2nd were paid a $0.0225 dividend. This represents a $0.09 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, June 15th. Baytex Energy’s dividend payout ratio (DPR) is presently -7.34%.

Baytex Energy Company Profile

Baytex Energy Corp. is a Calgary -based energy company committed to driving shareholder value through disciplined execution. It operates a high-quality, high-return portfolio in the Western Canadian Sedimentary Basin, featuring the Pembina Duvernay and heavy oil plays in Alberta and Saskatchewan. These core assets are backed by an extensive drilling inventory and consistently generate strong cash flow.