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

Shares of Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) have received a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$6.11.

A number of equities analysts recently commented on the company. TD Securities lowered their target price on Baytex Energy from C$6.00 to C$5.50 in a report on Tuesday, October 1st. National Bankshares reduced their price objective on shares of Baytex Energy from C$8.00 to C$7.50 in a research report on Friday, September 27th. Canaccord Genuity Group dropped their target price on shares of Baytex Energy from C$6.50 to C$6.00 in a report on Tuesday, October 22nd. Raymond James upgraded shares of Baytex Energy to a “hold” rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada cut their target price on Baytex Energy from C$6.50 to C$5.50 in a research report on Tuesday, September 17th.

Insider Activity

In other Baytex Energy news, Senior Officer Chadwick Kalmakoff bought 12,000 shares of Baytex Energy stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average cost of C$4.18 per share, for a total transaction of C$50,160.00. Corporate insiders own 0.83% of the company’s stock.

Baytex Energy Stock Down 1.9 %

Shares of BTE opened at C$4.07 on Tuesday. Baytex Energy has a 52-week low of C$3.85 and a 52-week high of C$5.66. The stock has a fifty day simple moving average of C$4.27 and a two-hundred day simple moving average of C$4.64. The company has a market capitalization of C$3.28 billion, a PE ratio of -5.87, a price-to-earnings-growth ratio of 0.12 and a beta of 2.61. The company has a quick ratio of 0.77, a current ratio of 0.72 and a debt-to-equity ratio of 62.33.

Baytex Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be issued a $0.023 dividend. This represents a $0.09 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Friday, December 13th. Baytex Energy’s dividend payout ratio (DPR) is presently -13.04%.

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.