Baytex Energy (TSE:BTE – Free Report) (NYSE:BTE) had its price target boosted by Canaccord Genuity Group from C$6.25 to C$6.50 in a report released on Friday, BayStreet.CA reports.
A number of other equities research analysts have also issued reports on the stock. BMO Capital Markets set a C$6.00 target price on shares of Baytex Energy and gave the company a market perform rating in a research note on Tuesday, April 9th. Stifel Nicolaus upped their target price on shares of Baytex Energy from C$6.25 to C$7.00 and gave the company a buy rating in a research note on Tuesday, April 23rd. CIBC upped their target price on shares of Baytex Energy from C$6.00 to C$6.50 and gave the company a neutral rating in a research note on Monday, April 22nd. TD Securities increased their price objective on shares of Baytex Energy from C$5.50 to C$6.00 in a research note on Friday, May 10th. Finally, 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 research note on Monday, May 13th. 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 an average target price of C$6.35.
View Our Latest Analysis on BTE
Baytex Energy Stock Performance
Baytex Energy (TSE:BTE – Get Free Report) (NYSE:BTE) last issued its earnings results on Thursday, May 9th. The company reported C($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.15). The company had revenue of C$984.19 million during the quarter. Baytex Energy had a negative net margin of 9.88% and a negative return on equity of 8.56%. On average, research analysts expect that Baytex Energy will post 0.4249084 earnings per share for the current fiscal year.
Baytex Energy Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be paid a $0.023 dividend. The ex-dividend date is Monday, September 16th. This represents a $0.09 annualized dividend and a dividend yield of 1.94%. Baytex Energy’s payout ratio is currently -20.45%.
Insider Buying and Selling at Baytex Energy
In other news, Senior Officer Chadwick Kalmakoff purchased 10,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were bought at an average price of C$4.61 per share, for a total transaction of C$46,100.00. In related news, Senior Officer Nicole Marie Frechette acquired 5,300 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were acquired at an average price of C$4.75 per share, for a total transaction of C$25,175.00. Also, Senior Officer Chadwick Kalmakoff acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were bought at an average price of C$4.61 per share, for a total transaction of C$46,100.00. Over the last 90 days, insiders have bought 47,350 shares of company stock worth $193,603. 0.79% 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.
Recommended Stories
- Five stocks we like better than Baytex Energy
- Why Invest in High-Yield Dividend Stocks?
- Is Crypto Cool Again? What Stocks You Should Be Watching
- Top Biotech Stocks: Exploring Innovation Opportunities
- Why Call Options Volume for These 2 Stocks Spiked Together
- Financial Services Stocks Investing
- MarketBeat Week in Review – 7/22 – 7/26
Receive News & Ratings for Baytex Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baytex Energy and related companies with MarketBeat.com's FREE daily email newsletter.