National Bankshares Cuts Baytex Energy (TSE:BTE) Price Target to C$7.50

Baytex Energy (TSE:BTE) (NYSE:BTE) had its price target lowered by National Bankshares from C$8.00 to C$7.50 in a research report report published on Friday, BayStreet.CA reports.

Other equities analysts have also issued research reports about the company. Canaccord Genuity Group lifted their target price on Baytex Energy from C$6.25 to C$6.50 in a research note on Friday, July 26th. Royal Bank of Canada reduced their price objective on shares of Baytex Energy from C$6.50 to C$5.50 in a research note on Tuesday, September 17th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Baytex Energy presently has a consensus rating of Moderate Buy and an average price target of C$6.28.

Baytex Energy Price Performance

Shares of BTE opened at C$4.04 on Friday. The stock has a market capitalization of C$3.25 billion, a PE ratio of -5.81, a PEG ratio of 0.12 and a beta of 2.65. The company has a 50 day moving average price of C$4.59 and a 200-day moving average price of C$4.77. The company has a debt-to-equity ratio of 62.33, a quick ratio of 0.77 and a current ratio of 0.72. Baytex Energy has a fifty-two week low of C$3.85 and a fifty-two week high of C$6.37.

Baytex Energy (TSE:BTE) (NYSE:BTE) last announced its earnings results on Thursday, July 25th. The company reported C$0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.16 by C($0.03). The company had revenue of C$1.13 billion for the quarter, compared to the consensus estimate of C$1.04 billion. Baytex Energy had a negative net margin of 11.92% and a negative return on equity of 9.55%. Equities analysts predict that Baytex Energy will post 0.3651203 earnings per share for the current fiscal year.

Baytex Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, October 1st will be given a $0.023 dividend. This represents a $0.09 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Monday, September 16th. Baytex Energy’s payout ratio is -13.04%.

Insiders Place Their Bets

In other news, Senior Officer Chadwick Kalmakoff acquired 12,000 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of C$4.18 per share, with a total value of C$50,160.00. 0.82% of the stock is currently owned by 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.