Baytex Energy Corp. (TSE:BTE) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) have been given a consensus rating of “Moderate Buy” by the eleven brokerages that are covering the stock, MarketBeat Ratings 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 twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$7.05.

Separately, Raymond James Financial increased their price target on Baytex Energy from C$8.00 to C$8.50 and gave the stock a “strong-buy” rating in a research report on Friday, July 31st.

Baytex Energy Stock Down 0.6%

Shares of BTE stock opened at C$6.79 on Friday. The stock has a market cap of C$4.75 billion, a P/E ratio of -7.38, a PEG ratio of 0.12 and a beta of 0.39. The company’s fifty day simple moving average is C$6.34 and its two-hundred day simple moving average is C$6.20. The company has a quick ratio of 0.77, a current ratio of 2.82 and a debt-to-equity ratio of 6.94. Baytex Energy has a 52 week low of C$3.07 and a 52 week high of C$7.37.

Baytex Energy (TSE:BTE) (NYSE:BTE) last issued its quarterly earnings data on Thursday, July 30th. The company reported C$0.24 earnings per share (EPS) for the quarter. Baytex Energy had a negative return on equity of 26.41% and a negative net margin of 131.38%.The business had revenue of C$564.88 million for the quarter. Analysts predict that Baytex Energy will post 0.3703367 EPS for the current fiscal year.

Baytex Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, October 1st will be issued a dividend of $0.0225 per share. This represents a $0.09 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, September 15th. Baytex Energy’s dividend payout ratio is currently -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.