Baytex Energy Corp. (TSE:BTE – Get 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.
Baytex Energy Stock Up 2.2 %
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
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.
- Five stocks we like better than Baytex Energy
- How to Buy Cheap Stocks Step by Step
- The 5 best small cap AI companies to buy now
- What is a buyback in stocks? A comprehensive guide for investors
- Cirrus Logic: A chip stock you’re going to hear a lot more about
- 3 Healthcare Dividend Stocks to Buy
- Archer Aviation’s sky-high progress and short interest
Receive News & Ratings for Baytex Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baytex Energy and related companies with MarketBeat.com's FREE daily email newsletter.