Baytex Energy (BTE) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Baytex Energy in the last twelve months. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" BTE shares.
View BTE analyst ratings or view top-rated stocks.

7 brokers have issued twelve-month price objectives for Baytex Energy's shares. Their BTE share price forecasts range from $7.50 to $8.00. On average, they predict the company's share price to reach $7.75 in the next year. This suggests a possible upside of 79.8% from the stock's current price.
View analysts price targets for BTE or view top-rated stocks among Wall Street analysts.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our BTE earnings forecast.

Baytex Energy Corp. (NYSE:BTE) posted its earnings results on Thursday, July, 27th. The oil and gas producer reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.16. The oil and gas producer had revenue of $445.79 million for the quarter. Baytex Energy had a trailing twelve-month return on equity of 17.37% and a net margin of 35.10%.

Baytex Energy declared a quarterly dividend on Thursday, July 27th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.017 per share on Monday, October 2nd. This represents a $0.07 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for BTE.

Avantis International Small Cap Value ETF holds 2,779,081 shares of BTE stock, representing 0.35% of its portfolio.

Baytex Energy (NYSE:BTE) pays an annual dividend of $0.07 per share and currently has a dividend yield of 1.54%. The dividend payout ratio is 5.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BTE will have a dividend payout ratio of 10.14% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BTE.

Based on aggregate information from My MarketBeat watchlists, some companies that other Baytex Energy investors own include Hawkins (HWKN), CA (CA), Endologix (ELGX), BlackRock (BLK), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Hudbay Minerals (HBM), Micron Technology (MU), Accenture (ACN) and AutoZone (AZO).

Baytex Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "BTE."

One share of BTE stock can currently be purchased for approximately $4.31.

Baytex Energy (NYSE:BTE) has a market capitalization of $3.67 billion and generates $2.22 billion in revenue each year. The oil and gas producer earns $658.13 million in net income (profit) each year or $1.17 on an earnings per share basis.

The company employs 231 workers across the globe.

Baytex Energy's mailing address is 2800 520 3RD AVE SW, CALGARY A0, T2P 0R3. The official website for the company is www.baytexenergy.com. The oil and gas producer can be reached via phone at (587) 952-3000, via email at investor@baytexenergy.com, or via fax at 587-952-3029.