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

Shares of Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) have been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$6.25.

A number of research firms have recently weighed in on BTE. Royal Bank of Canada lowered their price objective on Baytex Energy from C$6.50 to C$5.50 in a research report on Tuesday. Canaccord Genuity Group lifted their price target on shares of Baytex Energy from C$6.25 to C$6.50 in a report on Friday, July 26th.

Baytex Energy Stock Up 0.2 %

BTE opened at C$4.27 on Monday. The firm’s 50 day simple moving average is C$4.70 and its two-hundred day simple moving average is C$4.77. The company has a market capitalization of C$3.44 billion, a PE ratio of -6.19, a PEG ratio of 0.12 and a beta of 2.65. Baytex Energy has a 1-year low of C$3.92 and a 1-year high of C$6.37. The company has a current ratio of 0.72, a quick ratio of 0.77 and a debt-to-equity ratio of 62.33.

Baytex Energy (TSE:BTE) (NYSE:BTE) last announced its earnings results on Thursday, July 25th. The company reported C$0.13 EPS for the quarter, missing analysts’ consensus estimates of C$0.16 by C($0.03). Baytex Energy had a negative return on equity of 9.55% and a negative net margin of 11.92%. The company had revenue of C$1.13 billion during the quarter, compared to the consensus estimate of C$1.04 billion. As a group, equities analysts forecast that Baytex Energy will post 0.6550633 EPS for the current year.

Baytex Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, October 1st will be given a dividend of $0.023 per share. This represents a $0.09 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Monday, September 16th. Baytex Energy’s payout ratio is currently -13.04%.

Insider Buying and Selling

In related news, Senior Officer Chadwick Kalmakoff acquired 12,000 shares of the company’s stock in a transaction on Friday, September 6th. The stock was acquired at an average price of C$4.18 per share, with a total value of C$50,160.00. 0.82% of the stock is owned by company insiders.

About Baytex Energy

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.