Baytex Energy (BTE) to Release Earnings on Thursday

Baytex Energy (TSE:BTE) (NYSE:BTE) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, July 25th. Analysts expect Baytex Energy to post earnings of C$0.16 per share for the quarter.

Baytex Energy (TSE:BTE) (NYSE:BTE) last issued its quarterly earnings data on Thursday, May 9th. The company reported C($0.02) earnings per share for the quarter, missing the consensus estimate of C$0.13 by C($0.15). The business had revenue of C$984.19 million during the quarter. Baytex Energy had a negative return on equity of 8.56% and a negative net margin of 9.88%.

Baytex Energy Stock Performance

Shares of BTE opened at C$4.98 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.77 and a debt-to-equity ratio of 63.22. The stock has a market capitalization of C$4.09 billion, a P/E ratio of -11.32, a price-to-earnings-growth ratio of 0.12 and a beta of 2.76. The firm’s fifty day simple moving average is C$4.78 and its two-hundred day simple moving average is C$4.68. Baytex Energy has a 12 month low of C$3.96 and a 12 month high of C$6.37.

Baytex Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Tuesday, July 2nd were given a dividend of $0.023 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.09 dividend on an annualized basis and a yield of 1.85%. Baytex Energy’s dividend payout ratio (DPR) is currently -20.45%.

Insider Activity

In related news, Senior Officer Nicole Marie Frechette bought 5,300 shares of Baytex Energy stock in a transaction dated Tuesday, May 14th. The stock was purchased at an average cost of C$4.75 per share, with a total value of C$25,175.00. In other Baytex Energy news, Senior Officer Nicole Marie Frechette acquired 5,300 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was bought at an average cost of C$4.75 per share, with a total value of C$25,175.00. Also, Director Mark Bly acquired 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was acquired at an average cost of C$3.42 per share, with a total value of C$51,300.00. Insiders purchased 47,350 shares of company stock valued at $193,603 in the last three months. Company insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

BTE has been the topic of several research reports. CIBC upped their price objective on shares of Baytex Energy from C$6.00 to C$6.50 and gave the company a “neutral” rating in a report on Monday, April 22nd. TD Securities upped their price objective on shares of Baytex Energy from C$5.50 to C$6.00 in a report on Friday, May 10th. Royal Bank of Canada dropped their price objective on shares of Baytex Energy from C$7.00 to C$6.50 and set an “outperform” rating on the stock in a report on Monday, May 13th. BMO Capital Markets set a C$6.00 price objective on shares of Baytex Energy and gave the company a “market perform” rating in a report on Tuesday, April 9th. Finally, Stifel Nicolaus upped their price objective on shares of Baytex Energy from C$6.25 to C$7.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Baytex Energy currently has an average rating of “Moderate Buy” and a consensus target price of C$6.48.

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.