Baytex Energy Corp (BTE) Set to Announce Quarterly Earnings on Thursday
Baytex Energy Corp (NYSE:BTE) (TSE:BTE) is scheduled to be announcing its earnings results before the market opens on Thursday, November 2nd. Analysts expect the company to announce earnings of ($0.18) per share for the quarter.
Baytex Energy Corp (NYSE:BTE) (TSE:BTE) last announced its earnings results on Tuesday, August 1st. The oil and gas producer reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.17. Baytex Energy Corp had a negative net margin of 38.91% and a negative return on equity of 5.17%. The business had revenue of $207.22 million for the quarter. On average, analysts expect Baytex Energy Corp to post $-0.29 EPS for the current fiscal year and $-0.47 EPS for the next fiscal year.
Shares of Baytex Energy Corp (NYSE:BTE) traded up 7.73% during mid-day trading on Friday, hitting $2.51. 1,537,492 shares of the stock traded hands. The firm’s 50 day moving average price is $2.78 and its 200 day moving average price is $2.77. Baytex Energy Corp has a 12-month low of $2.13 and a 12-month high of $5.61. The firm’s market cap is $590.98 million.
TRADEMARK VIOLATION NOTICE: This news story was first reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/10/28/baytex-energy-corp-bte-set-to-announce-quarterly-earnings-on-thursday.html.
BTE has been the topic of a number of recent analyst reports. ValuEngine cut shares of Baytex Energy Corp from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Raymond James Financial, Inc. cut shares of Baytex Energy Corp from a “market perform” rating to an “underperform” rating in a research note on Wednesday, July 5th. Zacks Investment Research cut shares of Baytex Energy Corp from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. AltaCorp Capital cut shares of Baytex Energy Corp from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 6th. Finally, BidaskClub cut shares of Baytex Energy Corp from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Baytex Energy Corp currently has a consensus rating of “Hold” and a consensus target price of $7.44.
About Baytex Energy Corp
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.
Receive News & Ratings for Baytex Energy Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baytex Energy Corp and related companies with MarketBeat.com's FREE daily email newsletter.