Baytex Energy Corp Plans Monthly Dividend of $0.21 (BTE)
Baytex Energy Corp (NYSE:BTE) announced a monthly dividend on Friday, March 15th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.21 per share on Monday, April 15th. This represents a $2.57 annualized dividend and a dividend yield of 5.96%. The ex-dividend date is Tuesday, March 26th.
Several analysts have also recently commented on the stock. Analysts at TD Securities downgraded shares of Baytex Energy Corp from a “buy” rating to a “hold” rating in a research note to investors on Friday, February 15th. They now have a $49.00 price target on the stock. On a related note, analysts at CIBC upgraded shares of Baytex Energy Corp from a “sector perform” rating to an “outperform” rating in a research note to investors on Tuesday, January 15th. Finally, analysts at CIBC upgraded shares of Baytex Energy Corp from a “sector performer” rating to a “sector outperformer” rating in a research note to investors on Tuesday, January 15th.
Fourteen analysts have rated the stock with a buy rating, two have assigned an overweight rating, and five have assigned a hold rating to the company. Baytex Energy Corp currently has a consensus rating of “overweight” and an average target price of $52.19.
Baytex Energy Corp (NYSE: BTE) traded down 0.32% on Friday, hitting $43.21. Baytex Energy Corp has a 52-week low of $37.40 and a 52-week high of $55.20. The stock’s 50-day moving average is currently $44.45. The company has a market cap of $5.301 billion and a price-to-earnings ratio of 20.06.
Baytex Energy Trust (Baytex) is an open-ended investment trust. Through its subsidiaries, Baytex is engaged in the exploration, development and production of oil, natural gas and natural gas liquids in Canada in the provinces of British Columbia, Alberta and Saskatchewan and in the United States in the states of North Dakota and Wyoming.
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