Baytex Energy Corp Rating Reiterated by Credit Suisse (BTE)
Baytex Energy Corp (NYSE:BTE) traded down 0.51% during mid-day trading on Tuesday, hitting $45.11. 165,185 shares of the company’s stock traded hands. Baytex Energy Corp has a 52 week low of $35.30 and a 52 week high of $46.46. The stock has a 50-day moving average of $43.70 and a 200-day moving average of $40.2. The company has a market cap of $5.714 billion and a price-to-earnings ratio of 29.95.
Baytex Energy Corp (NYSE:BTE) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by $0.24. Analysts expect that Baytex Energy Corp will post $2.44 EPS for the current fiscal year.
The company also recently announced a monthly dividend, which is scheduled for Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.2195 per share. This represents a $2.63 annualized dividend and a dividend yield of 5.84%. The ex-dividend date is Thursday, June 26th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Baytex Energy Corp from a “neutral” rating to an “outperform” rating in a research note on Tuesday. They now have a $47.60 price target on the stock. Separately, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Baytex Energy Corp in a research note on Thursday, June 12th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $48.92.
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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