Wall Street analysts expect that Baytex Energy Corp (NYSE:BTE) (TSE:BTE) will report ($0.14) earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Baytex Energy Corp’s earnings. Baytex Energy Corp reported earnings per share of ($0.11) in the same quarter last year, which suggests a negative year-over-year growth rate of 27.3%. The company is scheduled to announce its next earnings results on Tuesday, August 1st.

On average, analysts expect that Baytex Energy Corp will report full year earnings of ($0.31) per share for the current fiscal year, with EPS estimates ranging from ($0.40) to ($0.21). For the next year, analysts forecast that the firm will report earnings of ($0.21) per share, with EPS estimates ranging from ($0.39) to ($0.03). Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for Baytex Energy Corp.

Several research analysts recently issued reports on the company. AltaCorp Capital restated an “outperform” rating on shares of Baytex Energy Corp in a research report on Monday, May 15th. Raymond James Financial, Inc. downgraded Baytex Energy Corp from a “market perform” rating to an “underperform” rating in a research report on Wednesday, July 5th. UBS AG downgraded Baytex Energy Corp from a “market perform” rating to an “underperform” rating in a research report on Wednesday, July 5th. Scotiabank downgraded Baytex Energy Corp from an “outperform” rating to a “sector perform” rating in a research report on Thursday, June 29th. Finally, Zacks Investment Research downgraded Baytex Energy Corp from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $7.38.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Timber Hill LLC acquired a new position in shares of Baytex Energy Corp during the first quarter valued at $106,000. Paloma Partners Management Co acquired a new position in shares of Baytex Energy Corp during the first quarter valued at $180,000. Dynamic Technology Lab Private Ltd increased its position in shares of Baytex Energy Corp by 138.3% in the first quarter. Dynamic Technology Lab Private Ltd now owns 63,506 shares of the oil and gas producer’s stock valued at $217,000 after buying an additional 36,851 shares during the period. KCG Holdings Inc. increased its position in shares of Baytex Energy Corp by 109.8% in the first quarter. KCG Holdings Inc. now owns 67,821 shares of the oil and gas producer’s stock valued at $232,000 after buying an additional 35,497 shares during the period. Finally, Airain ltd acquired a new position in shares of Baytex Energy Corp during the first quarter valued at $255,000. Institutional investors own 19.74% of the company’s stock.

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Shares of Baytex Energy Corp (NYSE BTE) opened at 2.63 on Wednesday. Baytex Energy Corp has a 12-month low of $2.13 and a 12-month high of $5.64. The firm’s market cap is $615.96 million. The company has a 50 day moving average price of $2.47 and a 200 day moving average price of $3.28.

Baytex Energy Corp Company Profile

Baytex Energy Corp. (Baytex) is engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Canada (Alberta and Saskatchewan) and in the United States (Texas). The Company’s crude oil and natural gas operations are organized into four business units: Lloydminster, Peace River, Conventional and United States.

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