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

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

Several other equities research analysts have also recently commented on the company. Canaccord Genuity Group increased their price target on Baytex Energy from C$6.25 to C$6.50 in a report on Friday, July 26th. Royal Bank of Canada lowered their price target on shares of Baytex Energy from C$6.50 to C$5.50 in a research report on Tuesday, September 17th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of C$6.28.

Baytex Energy Price Performance

Shares of Baytex Energy stock opened at C$4.04 on Friday. The company has a debt-to-equity ratio of 62.33, a current ratio of 0.72 and a quick ratio of 0.77. The business has a 50 day simple moving average of C$4.59 and a two-hundred day simple moving average of C$4.77. The stock has a market capitalization of C$3.25 billion, a P/E ratio of -5.81, a PEG ratio of 0.12 and a beta of 2.65. Baytex Energy has a 12 month low of C$3.85 and a 12 month high of C$6.37.

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

Baytex Energy Announces Dividend

The firm also recently declared 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. The ex-dividend date is Monday, September 16th. This represents a $0.09 annualized dividend and a dividend yield of 2.28%. Baytex Energy’s dividend payout ratio is presently -13.04%.

Insider Activity at Baytex Energy

In related news, Senior Officer Chadwick Kalmakoff purchased 12,000 shares of the business’s stock in a transaction on Friday, September 6th. The shares were bought at an average price of C$4.18 per share, for a total transaction of C$50,160.00. Company insiders own 0.82% of the company’s stock.

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.