Baytex Energy Corp. (TSE:BTE) Stock Has Consensus Price Target of C$7.15

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) has been assigned an average rating of “Moderate Buy” from the eleven research firms that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$7.15.

Several research firms recently issued reports on BTE. National Bank Financial boosted their target price on shares of Baytex Energy from C$8.50 to C$9.50 and gave the company an “outperform” rating in a research note on Wednesday, September 30th. Raymond James Financial upped 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 note on Friday, July 31st.

Baytex Energy Stock Up 2.6%

Shares of TSE BTE opened at C$7.49 on Tuesday. The company has a current ratio of 2.82, a quick ratio of 0.77 and a debt-to-equity ratio of 6.94. The stock has a market capitalization of C$5.24 billion, a PE ratio of -8.14, a price-to-earnings-growth ratio of 0.12 and a beta of 0.60. Baytex Energy has a 12-month low of C$3.07 and a 12-month high of C$7.53. The stock’s fifty day simple moving average is C$6.66 and its two-hundred day simple moving average is C$6.37.

Baytex Energy (TSE:BTE) (NYSE:BTE) last announced its earnings results on Thursday, July 30th. The company reported C$0.24 earnings per share for the quarter. Baytex Energy had a negative return on equity of 26.41% and a negative net margin of 131.38%. The firm had revenue of C$564.88 million for the quarter. As a group, analysts expect that Baytex Energy will post 0.37 EPS for the current fiscal year.

Baytex Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, October 1st were given a dividend of $0.0225 per share. This represents a $0.09 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 15th. Baytex Energy’s dividend payout ratio (DPR) is -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.