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

Baytex Energy Corp. (TSE:BTE) (NYSE:BTE) has been given an average recommendation of “Moderate Buy” by the eight analysts that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$5.97.

A number of equities analysts recently issued reports on BTE shares. Canaccord Genuity Group decreased their target price on shares of Baytex Energy from C$6.50 to C$6.00 in a research report on Tuesday, October 22nd. National Bankshares decreased their price objective on shares of Baytex Energy from C$8.00 to C$7.50 in a report on Friday, September 27th. ATB Capital dropped their target price on Baytex Energy from C$5.50 to C$5.20 in a report on Wednesday, December 4th. Royal Bank of Canada decreased their price target on Baytex Energy from C$6.50 to C$5.50 in a research note on Tuesday, September 17th. Finally, Raymond James raised Baytex Energy to a “hold” rating in a research note on Thursday, October 17th.

Baytex Energy Stock Performance

Baytex Energy stock opened at C$3.48 on Wednesday. The firm has a 50-day moving average price of C$3.88 and a two-hundred day moving average price of C$4.36. Baytex Energy has a 52-week low of C$3.15 and a 52-week high of C$5.55. The firm has a market capitalization of C$2.80 billion, a price-to-earnings ratio of -5.04, a PEG 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.023 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.09 dividend on an annualized basis and a yield of 2.64%. Baytex Energy’s payout ratio is presently -13.04%.

Insider Buying and Selling

In related news, Senior Officer Nicole Marie Frechette purchased 8,200 shares of Baytex Energy stock in a transaction on Monday, December 9th. The stock was bought at an average price of C$3.67 per share, with a total value of C$30,094.00. 0.83% of the stock is currently owned by corporate insiders.

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.