Baytex Energy Corp (BTE) Declares Monthly Dividend of $0.21
Baytex Energy Corp (NYSE:BTE) declared a monthly dividend on Wednesday, September 18th, Stock Ratings Network.com reports. Stockholders of record on Monday, September 30th will be given a dividend of $0.2131 per share on Tuesday, October 15th. This represents a $2.56 dividend on an annualized basis and a yield of 6.23%. The ex-dividend date of this dividend is Thursday, September 26th.
A number of research firms have recently commented on BTE. Analysts at TD Securities raised their price target on shares of Baytex Energy Corp (NYSE:BTE) from $43.00 to $44.00 in a research note to investors on Friday, August 16th. They now have a “hold” rating on the stock. On the ratings front, analysts at Barclays Capital raised their price target on shares of Baytex Energy Corp (NYSE:BTE) from $46.00 to $48.00 in a research note to investors on Thursday, August 15th. They now have an “overweight” rating on the stock. Finally, analysts at CIBC raised their price target on shares of Baytex Energy Corp (NYSE:BTE) from $51.00 to $52.00 in a research note to investors on Tuesday, July 23rd. They now have a “sector outperformer” rating on the stock.
Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $50.33.
Baytex Energy Corp (NYSE:BTE) traded up 2.01% on Wednesday, hitting $41.04. The stock had a trading volume of 137,509 shares. Baytex Energy Corp has a one year low of $34.71 and a one year high of $50.16. The stock has a 50-day moving average of $40.11 and a 200-day moving average of $39.69. The company has a market cap of $5.093 billion and a price-to-earnings ratio of 47.05.
Baytex Energy Corp (NYSE:BTE) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.28 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.36 by $0.08. On average, analysts predict that Baytex Energy Corp will post $0.94 earnings per share for the current fiscal year.
Baytex Energy Trust (NYSE:BTE) is an open-ended investment trust.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.