Baytex Energy Corp Plans Dividend of C$0.22 (BTE)
Baytex Energy Corp (TSE:BTE) announced a dividend on Thursday, August 14th, Stock Ratings Network reports. Stockholders of record on Friday, August 29th will be paid a dividend of 0.2201 per share on Monday, September 15th. The ex-dividend date is Wednesday, August 27th.
A number of analysts have recently weighed in on BTE shares. 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. On a related note, 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. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of C$54.00.
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 P/E ratio of 28.59.
Baytex Energy Corp (TSE:BTE) last released its earnings data on Friday, August 1st. The company reported $0.27 EPS for the quarter, missing the Thomson Reuters 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.
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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