Baytex Energy Corp. (TSE:BTE) Stock Has Consensus Target Price of C$7.15

Key Points

• Baytex Energy has a “Moderate Buy” consensus rating from 11 analysts, with five holds, five buys, and one strong buy. The average 12-month price target is C$7.15.
• Recent analysts raised their targets, with National Bank Financial increasing its objective to C$9.50 and Raymond James lifting its target to C$8.50.
• Shares opened at C$6.87, near their 52-week high of C$7.37. Baytex reported C$0.24 in quarterly EPS on C$564.88 million in revenue and pays an annualized C$0.09 dividend, yielding about 1.3%.

Shares of Baytex Energy Corp. (TSE:BTE - Get Free Report) NYSE: BTE have received an average rating of "Moderate Buy" from the eleven research firms that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$7.15.

A number of equities research analysts recently issued reports on BTE shares. National Bank Financial upped their price objective on shares of Baytex Energy from C$8.50 to C$9.50 and gave the company an "outperform" rating in a report on Wednesday, September 30th. Raymond James Financial boosted their price objective on Baytex Energy from C$8.00 to C$8.50 and gave the company a "strong-buy" rating in a report on Friday, July 31st.

Baytex Energy Stock Performance

Shares of BTE stock opened at C$6.87 on Tuesday. The firm has a market capitalization of C$4.80 billion, a P/E ratio of -7.47, a PEG ratio of 0.12 and a beta of 0.60. Baytex Energy has a fifty-two week low of C$3.07 and a fifty-two week high of C$7.37. The stock's fifty day moving average is C$6.54 and its two-hundred day moving average is C$6.33. The company has a debt-to-equity ratio of 6.94, a quick ratio of 0.77 and a current ratio of 2.82.

Baytex Energy (TSE:BTE - Get Free Report) NYSE: BTE last announced its quarterly earnings data on Thursday, July 30th. The company reported C$0.24 earnings per share (EPS) for the quarter. The company had revenue of C$564.88 million during the quarter. Baytex Energy had a negative net margin of 131.38% and a negative return on equity of 26.41%. Research analysts expect that Baytex Energy will post 0.37 earnings per share for the current fiscal year.

Baytex Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, October 1st were paid a $0.0225 dividend. This represents a $0.09 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Tuesday, September 15th. Baytex Energy's dividend payout ratio (DPR) is presently -7.34%.

Baytex Energy Company Profile

Baytex Energy Corp. is a Calgary -based energy company committed to driving shareholder value through disciplined execution. It operates a high-quality, high-return portfolio in the Western Canadian Sedimentary Basin, featuring the Pembina Duvernay and heavy oil plays in Alberta and Saskatchewan. These core assets are backed by an extensive drilling inventory and consistently generate strong cash flow.

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