Baytex Energy (TSE:BTE) Price Target Lowered to C$5.00 at TD Securities

Baytex Energy (TSE:BTE) (NYSE:BTE) had its price target reduced by TD Securities from C$5.50 to C$5.00 in a report published on Wednesday,BayStreet.CA reports.

A number of other equities analysts also recently commented on BTE. ATB Capital cut their price objective on Baytex Energy from C$5.50 to C$5.20 in a report on Wednesday, December 4th. CIBC reduced their price target on shares of Baytex Energy from C$6.00 to C$5.00 in a research report on Friday, January 17th. Royal Bank of Canada dropped their price objective on shares of Baytex Energy from C$5.50 to C$5.00 in a research report on Tuesday, January 14th. Atb Cap Markets lowered shares of Baytex Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Finally, BMO Capital Markets lowered their price target on Baytex Energy from C$5.00 to C$4.00 in a report on Wednesday. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$5.59.

Baytex Energy Trading Down 4.7 %

BTE stock opened at C$2.85 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 0.69 and a debt-to-equity ratio of 57.38. The company has a market cap of C$2.25 billion, a price-to-earnings ratio of -6.49, a PEG ratio of 0.12 and a beta of 2.61. The business has a fifty day simple moving average of C$3.57 and a 200-day simple moving average of C$3.97. Baytex Energy has a 52 week low of C$2.74 and a 52 week high of C$5.55.

Baytex Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Thursday, January 2nd were issued a $0.023 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.09 dividend on an annualized basis and a yield of 3.23%. Baytex Energy’s dividend payout ratio is currently -20.48%.

Insider Activity

In other Baytex Energy news, Senior Officer Nicole Marie Frechette bought 8,200 shares of the business’s stock in a transaction on Monday, December 9th. The shares were bought at an average cost of C$3.67 per share, with a total value of C$30,094.00. Insiders own 0.83% of the company’s stock.

About Baytex Energy

Baytex Energy Corp., an energy company, engages in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford, the United States. The company offers light oil and condensate, heavy oil, natural gas liquids, and natural gas.