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Baytex Energy Corp (NYSE:BTE) announced a monthly dividend on Friday, August 15th, reports. Investors of record on Friday, August 29th will be paid a dividend of 0.2197 per share on Monday, September 15th. This represents a $2.64 annualized dividend and a dividend yield of 6.40%. The ex-dividend date is Wednesday, August 27th.

A number of analysts have recently weighed in on BTE shares. Analysts at CIBC set a $58.00 price target on shares of Baytex Energy Corp in a research note on Thursday, July 17th. On a related note, analysts at Credit Suisse reiterated a “neutral” rating on shares of Baytex Energy Corp in a research note on Tuesday, July 8th. Finally, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Baytex Energy Corp in a research note on Thursday, June 12th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $51.00.

Baytex Energy Corp (NYSE:BTE) traded up 1.51% during mid-day trading on Friday, hitting $41.80. The stock had a trading volume of 207,551 shares. Baytex Energy Corp has a 52-week low of $35.30 and a 52-week high of $46.46. The stock’s 50-day moving average is $43.88 and its 200-day moving average is $41.25. The company has a market cap of $6.942 billion and a price-to-earnings ratio of 28.54.

Baytex Energy Corp (NYSE:BTE) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.25 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.47 by $0.22. Analysts expect that Baytex Energy Corp will post $2.32 EPS for the current fiscal year.

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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