Baytex Energy (BTE) Set to Announce Quarterly Earnings on Thursday

Baytex Energy (TSE:BTE) (NYSE:BTE) is scheduled to issue its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of C$0.13 per share for the quarter.

Baytex Energy (TSE:BTE) (NYSE:BTE) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C$0.25 EPS for the quarter, beating analysts’ consensus estimates of C$0.13 by C$0.12. Baytex Energy had a negative net margin of 8.60% and a negative return on equity of 6.81%. The business had revenue of C$1.07 billion for the quarter.

Baytex Energy Stock Performance

Shares of Baytex Energy stock opened at C$5.07 on Wednesday. The business has a 50-day moving average price of C$4.87 and a two-hundred day moving average price of C$4.79. Baytex Energy has a 1-year low of C$3.83 and a 1-year high of C$6.37. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 63.80. The company has a market cap of C$4.17 billion, a P/E ratio of -15.36, a PEG ratio of 0.12 and a beta of 2.78.

Baytex Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a dividend of $0.023 per share. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend was Thursday, March 14th. Baytex Energy’s payout ratio is -27.27%.

Insider Buying and Selling at Baytex Energy

In other news, Senior Officer Eric Thomas Greager bought 20,000 shares of Baytex Energy stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average price of C$4.25 per share, for a total transaction of C$85,000.00. Company insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on BTE. National Bankshares cut their target price on shares of Baytex Energy from C$8.25 to C$7.25 and set an “outperform” rating on the stock in a research note on Wednesday, January 10th. BMO Capital Markets set a C$6.00 target price on Baytex Energy and gave the company a “market perform” rating in a research note on Tuesday, April 9th. TD Securities dropped their price target on Baytex Energy from C$6.50 to C$6.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. Royal Bank of Canada reduced their price objective on Baytex Energy from C$8.00 to C$7.00 and set an “outperform” rating for the company in a research note on Thursday, February 29th. Finally, Stifel Nicolaus upped their target price on Baytex Energy from C$6.25 to C$7.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$6.53.

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.