Baytex Energy (TSE:BTE) Given New C$4.00 Price Target at BMO Capital Markets

Baytex Energy (TSE:BTE) (NYSE:BTE) had its price target trimmed by BMO Capital Markets from C$5.00 to C$4.00 in a report published on Wednesday,BayStreet.CA reports.

Several other research analysts have also recently issued reports on BTE. Royal Bank of Canada dropped their price target on Baytex Energy from C$5.50 to C$5.00 in a report on Tuesday, January 14th. Atb Cap Markets downgraded Baytex Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. CIBC dropped their price target on Baytex Energy from C$6.00 to C$5.00 in a research note on Friday, January 17th. Finally, ATB Capital reduced their price objective on shares of Baytex Energy from C$5.50 to C$5.20 in a research note on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$5.59.

Baytex Energy Stock Performance

Shares of BTE opened at C$2.85 on Wednesday. The company has a debt-to-equity ratio of 57.38, a current ratio of 0.69 and a quick ratio of 0.77. The firm’s 50 day moving average is C$3.57 and its 200-day moving average is C$3.97. Baytex Energy has a 12-month low of C$2.74 and a 12-month high of C$5.55. The stock has a market capitalization of C$2.25 billion, a P/E ratio of -6.49, a P/E/G ratio of 0.12 and a beta of 2.61.

Baytex Energy Dividend Announcement

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

Insider Buying and Selling at Baytex Energy

In related news, Senior Officer Nicole Marie Frechette bought 8,200 shares of the business’s stock in a transaction on Monday, December 9th. The stock was bought at an average price of C$3.67 per share, for a total transaction of C$30,094.00. Company insiders own 0.83% of the company’s stock.

Baytex Energy Company Profile

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.