Baytex Energy Corp Stock Rating Lowered by Barclays (BTE)
Baytex Energy Corp (NYSE:BTE) was downgraded by investment analysts at Barclays from an “overweight” rating to an “equal weight” rating in a note issued to investors on Tuesday, Analyst Ratings Network.com reports.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Baytex Energy Corp from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, October 15th. They now have a $43.60 price target on the stock. Analysts at TD Securities raised their price target on shares of Baytex Energy Corp 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. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $47.92.
Baytex Energy Corp (NYSE:BTE) traded down 0.02% on Tuesday, hitting $42.20. The stock had a trading volume of 51,495 shares. Baytex Energy Corp has a one year low of $34.71 and a one year high of $47.47. The stock’s 50-day moving average is $40.70 and its 200-day moving average is $39.47. The company has a market cap of $5.237 billion and a P/E ratio of 49.37.
Baytex Energy Corp (NYSE:BTE) last released its earnings data on Wednesday, August 14th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.08. Analysts expect that Baytex Energy Corp will post $1.15 EPS for the current fiscal year.
The company also recently announced a monthly dividend, which is scheduled for Friday, November 15th. Investors of record on Thursday, October 31st will be paid a dividend of $0.21 per share. This represents a $2.54 annualized dividend and a dividend yield of 6.02%. The ex-dividend date is Tuesday, October 29th.
Baytex Energy Corp. (NYSE:BTE), through its subsidiaries, are engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Canada (in the provinces of British Columbia, Alberta and Saskatchewan) and in the United States (in the states of North Dakota and Wyoming).
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