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Baytex Energy Corp (NYSE:BTE) was downgraded by analysts at TheStreet to a “hold” rating in a research report issued to clients and investors on Thursday.

Baytex Energy Corp (NYSE:BTE) traded down 1.64% on Thursday, hitting $43.19. 156,173 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’s 50-day moving average is $43. and its 200-day moving average is $41.92. The company has a market cap of $7.172 billion and a price-to-earnings ratio of 30.26.

Baytex Energy Corp (NYSE:BTE) last issued its quarterly earnings data 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.

The company also recently declared a monthly dividend, which is scheduled for Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.2197 per share. This represents a $2.64 dividend on an annualized basis and a yield of 6.00%. The ex-dividend date of this dividend is Wednesday, August 27th.

Several other analysts have also recently commented on the stock. Analysts at CIBC set a $58.00 price target on shares of Baytex Energy Corp in a research note on Thursday, July 17th. Separately, 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. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $51.00.

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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