Baytex Energy Corp. (TSE:BTE) Given Average Rating of “Hold” by Analysts

Shares of Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) have earned a consensus rating of “Hold” from the eleven analysts that are presently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$7.00.

BTE has been the subject of a number of research analyst reports. Raymond James Financial lifted their price target on Baytex Energy from C$7.00 to C$8.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. ATB Cormark Capital Markets lifted their price target on Baytex Energy from C$7.00 to C$8.50 and gave the company a “sector perform” rating in a research report on Friday, May 8th. TD lifted their price target on Baytex Energy from C$6.00 to C$6.50 and gave the company a “hold” rating in a research report on Monday, May 11th. Canaccord Genuity Group upgraded Baytex Energy from a “hold” rating to a “buy” rating and lifted their price target for the company from C$5.25 to C$7.00 in a research report on Tuesday, April 14th. Finally, National Bank Financial lifted their price target on Baytex Energy from C$7.50 to C$8.50 and gave the company a “sector perform” rating in a research report on Friday, May 8th.

Baytex Energy Stock Down 2.7%

Shares of TSE BTE opened at C$7.12 on Friday. Baytex Energy has a 52 week low of C$2.18 and a 52 week high of C$7.37. The business has a 50-day simple moving average of C$6.16 and a two-hundred day simple moving average of C$5.10. The company has a quick ratio of 0.77, a current ratio of 2.15 and a debt-to-equity ratio of 6.84. The company has a market cap of C$5.15 billion, a P/E ratio of -7.42, a P/E/G ratio of 0.12 and a beta of 0.58.

Baytex Energy (TSE:BTE) (NYSE:BTE) last issued its earnings results on Thursday, May 7th. The company reported C($0.09) EPS for the quarter. Baytex Energy had a negative return on equity of 23.15% and a negative net margin of 83.88%.The company had revenue of C$401.37 million during the quarter. Research analysts anticipate that Baytex Energy will post 0.3703367 earnings per share for the current fiscal year.

Baytex Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, April 1st were given a dividend of $0.0225 per share. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, March 13th. Baytex Energy’s dividend payout ratio (DPR) is -7.03%.

Insiders Place Their Bets

In other Baytex Energy news, insider James Robert Maclean purchased 10,000 shares of the company’s stock in a transaction dated Friday, March 20th. The stock was purchased at an average price of C$5.73 per share, for a total transaction of C$57,300.00. Following the transaction, the insider owned 185,322 shares in the company, valued at C$1,061,895.06. The trade was a 5.70% increase in their position. Also, insider Chad Lundberg purchased 11,000 shares of the company’s stock in a transaction dated Monday, March 30th. The shares were acquired at an average price of C$6.15 per share, with a total value of C$67,650.00. Following the transaction, the insider owned 613,401 shares in the company, valued at approximately C$3,772,416.15. The trade was a 1.83% increase in their position. In the last 90 days, insiders have bought 49,800 shares of company stock worth $293,188. Insiders own 0.83% of the company’s stock.

About Baytex Energy

Baytex Energy Corp is an oil and gas company. Geographically, the group operates in Canada and the United States. The company derives a majority of revenue from Canada. Its Canada segment includes the exploration, development, and production of crude oil and natural gas in Western Canada.