2 days Ago By Defense World Staff
Baytex Energy Corp. (TSE:BTE – Get Free Report) (NYSE:BTE)’s share price was down 13% on Friday after CIBC lowered their price target on the stock from C$5.00 to C$4.
25. The stock traded as low as C$2.16 and last traded at C$2.
21. Approximately 10,479,806 shares were traded during mid-day trading, an increase of 117% from the average daily volume of 4,833,076 shares. The stock had previously closed at C$2.
54.Several other research firms have also recently weighed in on BTE. TD Securities lowered their price objective on shares of Baytex Energy from C$5.
50 to C$5.00 in a research report on Wednesday, March 5th. Royal Bank of Canada lowered their price target on Baytex Energy from C$5.
50 to C$5.00 in a report on Tuesday, January 14th. Raymond James reduced their price objective on Baytex Energy from C$5.
00 to C$4.00 in a research note on Wednesday. BMO Capital Markets lowered their target price on Baytex Energy from C$5.
00 to C$4.00 in a research note on Wednesday, March 5th. Finally, Atb Cap Markets lowered shares of Baytex Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th.
Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Baytex Energy presently has a consensus rating of “Hold” and an average price target of C$5.
33.Get Our Latest Stock Analysis on Baytex EnergyBaytex Energy Price PerformanceThe company has a market capitalization of C$1.78 billion, a PE ratio of -5.
14, a P/E/G ratio of 0.12 and a beta of 2.61.
The company has a debt-to-equity ratio of 57.38, a quick ratio of 0.77 and a current ratio of 0.
69. The stock has a 50 day moving average price of C$3.08 and a two-hundred day moving average price of C$3.
62. Baytex Energy Cuts DividendThe firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, April 1st were given a dividend of $0.
0225 per share. This represents a $0.09 annualized dividend and a yield of 3.
98%. The ex-dividend date of this dividend was Friday, March 14th. Baytex Energy’s payout ratio is presently -20.
48%. Baytex Energy Company Profile (Get Free Report)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.Featured StoriesFive stocks we like better than Baytex EnergyHow is Compound Interest Calculated?JPMorgan is a Buy, if You Can Handle The Volatility Technology Stocks Explained: Here’s What to Know About TechUnited States Steel’s Crash: An Unmissable Buying OpportunityWhy Understanding Call Option Volume is Essential to Successful Options TradingRocket Lab Stock: Weathering the Storm, Time for a Comeback?.
