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

Baytex Energy Corp. (TSE:BTEGet Free Report) (NYSE:BTE) has received a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$7.20.

A number of research firms recently commented on BTE. BMO Capital Markets boosted their price objective on shares of Baytex Energy from C$8.00 to C$8.50 in a report on Friday, November 3rd. TD Securities lifted their target price on shares of Baytex Energy from C$7.00 to C$7.50 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Canaccord Genuity Group cut their target price on shares of Baytex Energy from C$8.00 to C$7.75 and set a “buy” rating for the company in a research report on Thursday, December 7th. Stifel Nicolaus cut their target price on shares of Baytex Energy from C$8.25 to C$7.00 and set a “buy” rating for the company in a research report on Thursday, December 7th. Finally, Raymond James cut their price objective on shares of Baytex Energy from C$6.75 to C$5.00 and set a “market perform” rating for the company in a research report on Friday, January 19th.

Get Our Latest Report on BTE

Baytex Energy Stock Up 2.2 %

Shares of TSE:BTE opened at C$4.18 on Friday. The company has a market cap of C$3.53 billion, a price-to-earnings ratio of 3.43, a PEG ratio of 0.12 and a beta of 2.58. The firm’s 50-day simple moving average is C$4.36 and its 200-day simple moving average is C$5.14. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 56.30. Baytex Energy has a fifty-two week low of C$3.83 and a fifty-two week high of C$6.37.

Baytex Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Tuesday, January 2nd were paid a $0.023 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.09 annualized dividend and a dividend yield of 2.20%. Baytex Energy’s dividend payout ratio (DPR) is presently 7.38%.

Baytex Energy Company Profile

(Get Free Report

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.

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Analyst Recommendations for Baytex Energy (TSE:BTE)

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