Baytex Energy Corp (BTE) Plans Dividend of C$0.20
Baytex Energy Corp (TSE:BTE) declared a dividend on Thursday, May 15th, Analyst Ratings Net reports. Stockholders of record on Friday, May 30th will be given a dividend of 0.2023 per share on Friday, June 13th. The ex-dividend date of this dividend is Wednesday, May 28th.
BTE has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of Baytex Energy Corp from C$50.00 to C$53.00 in a research note on Monday, April 14th. They now have an “overweight” rating on the stock. On the ratings front, analysts at Macquarie downgraded shares of Baytex Energy Corp from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 9th. They now have a C$48.50 price target on the stock, up previously from C$47.00. Finally, analysts at Scotiabank raised their price target on shares of Baytex Energy Corp from C$50.00 to C$57.50 in a research note on Friday, March 14th. They now have an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Baytex Energy Corp currently has an average rating of “Buy” and a consensus target price of C$53.00.
Baytex Energy Corp (TSE:BTE) opened at 45.39 on Thursday. Baytex Energy Corp has a 1-year low of $36.56 and a 1-year high of $46.72. The stock’s 50-day moving average is $45.54 and its 200-day moving average is $42.76. The company has a P/E ratio of 27.47.
Baytex Energy Corp (TSE:BTE) last issued its quarterly earnings data on Friday, May 2nd. The company reported $0.39 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.51 by $0.12.
Baytex Energy Corp. (TSE: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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