Atb Cap Markets Revises Earnings Estimates for Baytex Energy in Q4 2024

Baytex Energy Corp. (TSE:BTE – Free Report) (NYSE:BTE) is receiving updated earnings estimates from research analysts at Atb Cap Markets. On November 1st, it was reported that Atb Cap Markets has increased its estimates for the company's earnings per share (EPS) for the fourth quarter of 2024. Analyst A. Arif now projects that Baytex Energy will achieve earnings of $0.16 per share for the upcoming quarter, a rise from the previous estimate of $0.13.

The overall consensus estimate for Baytex Energy’s earnings for the current full year stands at $0.37 per share. Furthermore, Atb Cap Markets has outlined earnings projections for the following quarters: Q1 2025 is estimated at $0.18 EPS, Q2 2025 at $0.19 EPS, Q3 2025 at $0.14 EPS, Q4 2025 at $0.15 EPS, and for the full year of 2025, earnings are predicted to be $0.66 EPS, while for 2026, the estimate is $0.27 EPS.

Additional Analyst Insights

Several other analysts have also shared their outlook on Baytex Energy. Royal Bank of Canada decreased their price target from C$6.50 to C$5.50 in a report published on September 17th. Additionally, National Bankshares lowered their price target from C$8.00 to C$7.50 on September 27th. Canaccord Genuity Group reduced their target from C$6.50 to C$6.00 on October 22nd, while TD Securities cut their price objective from C$6.00 to C$5.50 on October 1st. Conversely, Raymond James upgraded Baytex Energy to a 'hold' rating in a report dated October 17th. Overall, there are three analysts who have rated the stock as a hold, and six have issued buy ratings. Based on data from MarketBeat, Baytex Energy has an average rating of 'Moderate Buy' and an average price target of C$6.11.

Stock Performance Overview

On the opening of trading Monday, Baytex Energy shares were priced at C$4.30. The company’s 50-day moving average is C$4.30, while its 200-day moving average stands at C$4.67. Additionally, the company holds a quick ratio of 0.77, a current ratio of 0.72, and a considerable debt-to-equity ratio of 62.33. Baytex Energy currently has a market capitalization of C$3.46 billion, with a price-to-earnings ratio of -6.23, a PEG ratio of 0.12, and a beta of 2.61. The stock has recorded a 52-week low of C$3.85 and a high of C$6.15.

Dividend Announcement

Recently, Baytex Energy declared a quarterly dividend, which is set to be paid on January 2nd. Shareholders on record by December 13th will receive a dividend payout of $0.023. The ex-dividend date coincides with December 13th. This payout reflects an annualized dividend of $0.09, yielding approximately 2.14%. Currently, Baytex Energy shows a negative dividend payout ratio (DPR) of -13.04%.

Insider Transactions

In other news regarding insider activities, Senior Officer Chadwick Kalmakoff purchased 12,000 shares of Baytex Energy stock on September 6th, at an average price of C$4.18 per share, amounting to a total investment of $50,160.00. Currently, company insiders hold about 0.83% of the stock, indicating a moderate level of insider ownership.

Company Overview

Baytex Energy Corp. operates primarily in the energy sector, focusing on the acquisition, development, and production of crude oil and natural gas. The company’s operations are largely based in the Western Canadian Sedimentary Basin as well as in the Eagle Ford region in the United States. They produce a range of products including light oil and condensate, heavy oil, natural gas liquids, and natural gas.

Baytex, Earnings, Analysts