Baytex Energy Corp. (TSE:BTE - Free Report) NYSE: BTE - Research analysts at Atb Cap Markets cut their Q3 2024 earnings per share estimates for shares of Baytex Energy in a research report issued to clients and investors on Monday, April 22nd. Atb Cap Markets analyst A. Arif now expects that the company will post earnings of $0.19 per share for the quarter, down from their previous forecast of $0.20. The consensus estimate for Baytex Energy's current full-year earnings is $0.74 per share. Atb Cap Markets also issued estimates for Baytex Energy's FY2025 earnings at $0.60 EPS, FY2027 earnings at $0.14 EPS and FY2028 earnings at $0.14 EPS.
Baytex Energy (TSE:BTE - Get Free Report) NYSE: BTE last posted its earnings results on Wednesday, February 28th. The company reported C$0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.13 by C$0.12. The company had revenue of C$1.07 billion during the quarter. Baytex Energy had a negative net margin of 8.60% and a negative return on equity of 6.81%.
Other equities analysts have also issued research reports about the company. BMO Capital Markets set a C$6.00 price target on Baytex Energy and gave the company a "market perform" rating in a research note on Tuesday, April 9th. TD Securities reduced their price objective on shares of 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. CIBC increased their price target on Baytex Energy from C$6.00 to C$6.50 and gave the company a "neutral" rating in a research note on Monday. ATB Capital decreased their price objective on Baytex Energy from C$6.50 to C$6.00 and set an "outperform" rating for the company in a research note on Thursday, February 29th. Finally, Stifel Nicolaus increased their target price on Baytex Energy from C$6.25 to C$7.00 and gave the company a "buy" rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$6.53.
Get Our Latest Stock Report on Baytex Energy
Baytex Energy Trading Up 0.6 %
BTE stock traded up C$0.03 during trading on Wednesday, hitting C$5.23. The company had a trading volume of 4,037,454 shares, compared to its average volume of 4,352,071. The stock has a market cap of C$4.30 billion, a price-to-earnings ratio of -15.76, a PEG ratio of 0.12 and a beta of 2.78. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 63.80. The firm has a 50-day moving average price of C$4.75 and a 200-day moving average price of C$4.85. Baytex Energy has a 12 month low of C$3.83 and a 12 month high of C$6.37.
Baytex Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were given a dividend of $0.023 per share. This represents a $0.09 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Thursday, March 14th. Baytex Energy's dividend payout ratio is -27.27%.
Insider Buying and Selling
In other news, Senior Officer Eric Thomas Greager bought 20,000 shares of the business's stock in a transaction on Wednesday, March 6th. The shares were purchased at an average price of C$4.25 per share, for a total transaction of C$85,000.00. In other Baytex Energy news, Senior Officer Eric Thomas Greager acquired 20,000 shares of Baytex Energy stock in a transaction dated Wednesday, March 6th. The stock was bought at an average cost of C$4.25 per share, for a total transaction of C$85,000.00. Also, Director Tiffany Thom Cepak sold 40,000 shares of the firm's stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$3.55, for a total value of C$142,000.00. 0.73% of the stock is currently owned by company insiders.
Baytex Energy Company Profile
(
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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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