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Baytex Energy Corp (NYSE:BTE) shares reached a new 52-week high during trading on Monday , Analyst Ratings Network reports. The company traded as high as $46.26 and last traded at $46.16, with a volume of 86,603 shares changing hands. The stock had previously closed at $45.53.

BTE has been the subject of a number of recent research reports. Analysts at Scotiabank reiterated a “sector outperform” rating on shares of Baytex Energy Corp in a research note on Thursday, June 12th. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Baytex Energy Corp in a research note on Monday, June 2nd. They now have a $47.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $48.52.

The stock has a 50-day moving average of $43.00 and a 200-day moving average of $39.98. The company has a market cap of $5.845 billion and a P/E ratio of 30.13.

Baytex Energy Corp (NYSE:BTE) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.36 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.60 by $0.24. On average, analysts predict that Baytex Energy Corp will post $2.43 earnings per share for the current fiscal year.

The company also recently declared a monthly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.2195 per share. This represents a $2.63 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date of this dividend is Thursday, June 26th.

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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