Baytex Energy Corp Receives Consensus Recommendation of “Buy” from Analysts (TSE:BTE)
Baytex Energy Corp (TSE:BTE) has received a consensus rating of “Buy” from the thirteen ratings firms that are currently covering the stock, American Banking & Market News reports. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$54.00.
Shares of Baytex Energy Corp (TSE:BTE) opened at 46.94 on Thursday. Baytex Energy Corp has a 52 week low of $38.90 and a 52 week high of $49.88. The stock has a 50-day moving average of $46.96 and a 200-day moving average of $45.34. The company has a market cap of $7.795 billion and a price-to-earnings ratio of 29.12.
Baytex Energy Corp (TSE:BTE) last released its earnings data on Friday, August 1st. The company reported $0.27 earnings per share for the quarter, missing the analysts’ 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.
BTE has been the subject of a number of recent research reports. 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), 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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