Analysts expect that Baytex Energy Corp (NYSE:BTE) (TSE:BTE) will report earnings of ($0.17) per share for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for Baytex Energy Corp’s earnings. Baytex Energy Corp posted earnings per share of ($0.15) in the same quarter last year, which suggests a negative year over year growth rate of 13.3%. The firm is scheduled to report its next earnings results on Wednesday, November 1st.

On average, analysts expect that Baytex Energy Corp will report full year earnings of ($0.28) per share for the current year, with EPS estimates ranging from ($0.30) to ($0.25). For the next fiscal year, analysts expect that the firm will post earnings of ($0.43) per share, with EPS estimates ranging from ($0.46) to ($0.40). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Baytex Energy Corp.

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.

A number of brokerages have recently issued reports on BTE. BidaskClub downgraded shares of Baytex Energy Corp from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Raymond James Financial, Inc. downgraded shares of Baytex Energy Corp from a “market perform” rating to an “underperform” rating in a report on Wednesday, July 5th. Zacks Investment Research upgraded shares of Baytex Energy Corp from a “sell” rating to a “hold” rating in a report on Friday, August 11th. AltaCorp Capital reiterated an “outperform” rating on shares of Baytex Energy Corp in a report on Friday, May 5th. Finally, Scotiabank downgraded shares of Baytex Energy Corp from an “outperform” rating to a “sector perform” rating in a report on Thursday, June 29th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $7.44.

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Shares of Baytex Energy Corp (NYSE BTE) traded up 5.39% during mid-day trading on Thursday, hitting $2.54. 1,273,825 shares of the stock traded hands. 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 $598.04 million. The firm’s 50 day moving average price is $2.56 and its 200 day moving average price is $3.03.

A number of large investors have recently modified their holdings of the stock. Bank of Nova Scotia boosted its stake in shares of Baytex Energy Corp by 26.2% in the second quarter. Bank of Nova Scotia now owns 104,076 shares of the oil and gas producer’s stock worth $253,000 after buying an additional 21,587 shares during the last quarter. Guardian Capital Advisors LP boosted its stake in shares of Baytex Energy Corp by 30.1% in the second quarter. Guardian Capital Advisors LP now owns 251,332 shares of the oil and gas producer’s stock worth $769,000 after buying an additional 58,150 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Baytex Energy Corp by 3.4% in the second quarter. Vanguard Group Inc. now owns 4,593,778 shares of the oil and gas producer’s stock worth $11,163,000 after buying an additional 150,013 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Baytex Energy Corp by 46.3% in the second quarter. Van ECK Associates Corp now owns 168,906 shares of the oil and gas producer’s stock worth $410,000 after buying an additional 53,451 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Baytex Energy Corp by 6.5% in the second quarter. UBS Asset Management Americas Inc. now owns 451,992 shares of the oil and gas producer’s stock worth $1,096,000 after buying an additional 27,622 shares during the last quarter. 15.96% of the stock is currently owned by hedge funds and other institutional investors.

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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