Baytex Energy (TSE:BTE – Free Report) (NYSE:BTE) had its price objective boosted by CIBC from C$6.00 to C$6.50 in a report issued on Monday, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.
Other research analysts have also issued reports about the company. Raymond James reduced their target price on Baytex Energy from C$6.75 to C$5.00 and set a market perform rating on the stock in a report on Friday, January 19th. ATB Capital reduced their target price on Baytex Energy from C$6.50 to C$6.00 and set an outperform rating on the stock in a report on Thursday, February 29th. Royal Bank of Canada reduced their target price on Baytex Energy from C$8.00 to C$7.00 and set an outperform rating on the stock in a report on Thursday, February 29th. National Bankshares reduced their target price on Baytex Energy from C$8.25 to C$7.25 and set an outperform rating on the stock in a report on Wednesday, January 10th. Finally, Stifel Nicolaus lifted their target price on Baytex Energy from C$6.00 to C$6.25 and gave the stock a buy rating in a report on Thursday, February 29th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of C$6.53.
Read Our Latest Research Report on BTE
Baytex Energy Stock Up 0.6 %
Baytex Energy (TSE:BTE – Get Free Report) (NYSE:BTE) last posted its quarterly earnings results on Wednesday, February 28th. The company reported C$0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.13 by C$0.12. The business had revenue of C$1.07 billion for the quarter. Baytex Energy had a negative return on equity of 6.81% and a negative net margin of 8.60%. Equities research analysts expect that Baytex Energy will post 0.7398601 earnings per share for the current year.
Baytex Energy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a $0.023 dividend. This represents a $0.09 annualized dividend and a dividend yield of 1.76%. The ex-dividend date was Thursday, March 14th. Baytex Energy’s dividend payout ratio is -27.27%.
Insider Buying and Selling at Baytex Energy
In related news, Director Tiffany Thom Cepak sold 40,000 shares of Baytex Energy stock in a transaction dated Monday, March 25th. The stock was sold at an average price of C$3.55, for a total value of C$142,000.00. In related news, Director Tiffany Thom Cepak sold 40,000 shares of Baytex Energy stock in a transaction dated Monday, March 25th. The stock was sold at an average price of C$3.55, for a total value of C$142,000.00. Also, Senior Officer Eric Thomas Greager bought 20,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was bought at an average cost of C$4.25 per share, for a total transaction of C$85,000.00. Company insiders own 0.73% 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.
Recommended Stories
- Five stocks we like better than Baytex Energy
- What does consumer price index measure?
- High-Yield Texas Instruments Could Hit New Highs Soon
- 3 Stocks to Consider Buying in October
- Pagaya Technologies: An AI Fintech That Insiders Are Buying
- Quiet Period Expirations Explained
- Higher Oil Prices Could Give NextEra’s Stock Earnings a Boost
Receive News & Ratings for Baytex Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baytex Energy and related companies with MarketBeat.com's FREE daily email newsletter.