Baytex Energy (TSE:BTE) Given New C$7.00 Price Target at Stifel Nicolaus

Baytex Energy (TSE:BTE - Free Report) NYSE: BTE had its target price upped by Stifel Nicolaus from C$6.25 to C$7.00 in a report published on Tuesday, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently commented on the stock. BMO Capital Markets set a C$6.00 price target on shares of Baytex Energy and gave the stock a market perform rating in a research note on Tuesday, April 9th. TD Securities decreased their price objective on shares of Baytex Energy from C$6.50 to C$6.00 and set a buy rating for the company in a report on Thursday, February 29th. Raymond James decreased 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 report on Friday, January 19th. CIBC lifted their price objective on shares of Baytex Energy from C$6.00 to C$6.50 and gave the company a neutral rating in a report on Monday. Finally, National Bankshares decreased their price objective on shares of Baytex Energy from C$8.25 to C$7.25 and set an outperform rating for the company in a report on Wednesday, January 10th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of C$6.53.

Baytex Energy Trading Up 3.8 %

Shares of BTE stock traded up C$0.19 during trading hours on Tuesday, reaching C$5.20. 5,696,881 shares of the stock were exchanged, compared to its average volume of 4,356,045. Baytex Energy has a 12-month low of C$3.83 and a 12-month 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's 50-day moving average price is C$4.73 and its 200-day moving average price is C$4.85. The firm has a market capitalization of C$4.27 billion, a price-to-earnings ratio of -15.64, a price-to-earnings-growth ratio of 0.12 and a beta of 2.78.

Baytex Energy (TSE:BTE - Get Free Report) NYSE: BTE last released its quarterly earnings results on Wednesday, February 28th. The company reported C$0.25 EPS for the quarter, topping 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 firm had revenue of C$1.07 billion during the quarter. As a group, equities analysts anticipate that Baytex Energy will post 0.7398601 earnings per share for the current year.

Baytex Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were issued a $0.023 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.09 annualized dividend and a dividend yield of 1.77%. Baytex Energy's dividend payout ratio is currently -27.27%.

Insider Activity

In other news, Director Tiffany Thom Cepak sold 40,000 shares of the business'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. In other news, Senior Officer Eric Thomas Greager acquired 20,000 shares of Baytex Energy stock in a transaction that occurred on 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. Also, Director Tiffany Thom Cepak sold 40,000 shares of the business's stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$3.55, for a total transaction of C$142,000.00. Company insiders own 0.73% of the company's stock.

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.