Baytex Energy Corp Given Average Rating of “Buy” by Analysts (TSE:BTE)
Baytex Energy Corp (TSE:BTE) has earned an average recommendation of “Buy” from the thirteen analysts that are covering the company, Analyst RN reports. Three analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$54.00.
A number of research firms have recently commented on BTE. Analysts at CIBC cut their price target on shares of Baytex Energy Corp from C$58.00 to C$57.00 in a research note on Thursday, July 31st. They now have a “sector outperform” rating on the stock. Separately, analysts at Barclays raised their price target on shares of Baytex Energy Corp from C$53.00 to C$55.00 in a research note on Wednesday, July 23rd. They now have an “overweight” rating on the stock.
Baytex Energy Corp (TSE:BTE) opened at 46.70 on Thursday. Baytex Energy Corp has a 1-year low of $38.90 and a 1-year high of $49.88. The stock’s 50-day moving average is $47.03 and its 200-day moving average is $45.28. The company has a market cap of $7.755 billion and a price-to-earnings ratio of 28.59.
Baytex Energy Corp (TSE:BTE) last released its earnings data on Friday, August 1st. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.29. On average, analysts predict that Baytex Energy Corp will post $2.44 earnings per share for the current fiscal year.
The company also recently announced a dividend, which is scheduled for Monday, September 15th. Investors of record on Friday, August 29th will be paid a dividend of $0.2201 per share. The ex-dividend date is Wednesday, August 27th.
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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