Baytex Energy Corp. (TSE:BTE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) has received a consensus rating of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$5.84.

Several equities analysts have commented on BTE shares. CIBC lowered their price target on Baytex Energy from C$6.00 to C$5.00 in a report on Friday, January 17th. 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. Royal Bank of Canada cut their target price on shares of Baytex Energy from C$5.50 to C$5.00 in a research report on Tuesday, January 14th. Raymond James raised Baytex Energy to a “hold” rating in a research report on Thursday, October 17th. Finally, ATB Capital cut their price objective on Baytex Energy from C$5.50 to C$5.20 in a research report on Wednesday, December 4th.

Baytex Energy Stock Performance

BTE opened at C$3.53 on Thursday. The company has a debt-to-equity ratio of 62.33, a quick ratio of 0.77 and a current ratio of 0.72. The company has a market cap of C$2.84 billion, a PE ratio of -5.12, a price-to-earnings-growth ratio of 0.12 and a beta of 2.61. The stock has a 50-day moving average of C$3.63 and a 200-day moving average of C$4.14. Baytex Energy has a 52-week low of C$3.15 and a 52-week high of C$5.55.

Baytex Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Thursday, January 2nd were paid a dividend of $0.023 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.09 annualized dividend and a yield of 2.61%. Baytex Energy’s dividend payout ratio is -13.04%.

Insiders Place Their Bets

In other Baytex Energy news, Senior Officer Nicole Marie Frechette acquired 8,200 shares of Baytex Energy stock in a transaction dated Monday, December 9th. The stock was bought at an average cost of C$3.67 per share, with a total value of C$30,094.00. Corporate insiders own 0.83% 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.