Baytex Energy Corp (BTE) Position Raised by Vanguard Group Inc.

Vanguard Group Inc. increased its position in shares of Baytex Energy Corp (NYSE:BTE) (TSE:BTE) by 137.9% in the 3rd quarter, according to the …

Baytex Energy logoVanguard Group Inc. increased its position in shares of Baytex Energy Corp (NYSE:BTE) (TSE:BTE) by 137.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,889,037 shares of the oil and gas producer’s stock after purchasing an additional 7,471,495 shares during the period. Vanguard Group Inc. owned 2.33% of Baytex Energy worth $37,507,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Shell Asset Management Co. increased its position in Baytex Energy by 131.5% during the third quarter. Shell Asset Management Co. now owns 50,466 shares of the oil and gas producer’s stock worth $146,000 after purchasing an additional 28,666 shares during the last quarter. Worth Venture Partners LLC acquired a new stake in shares of Baytex Energy during the third quarter valued at about $247,000. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in shares of Baytex Energy during the third quarter valued at about $250,000. Dynamic Technology Lab Private Ltd increased its position in shares of Baytex Energy by 79.9% during the third quarter. Dynamic Technology Lab Private Ltd now owns 87,832 shares of the oil and gas producer’s stock valued at $255,000 after acquiring an additional 39,022 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its position in shares of Baytex Energy by 121.7% during the third quarter. Great West Life Assurance Co. Can now owns 92,629 shares of the oil and gas producer’s stock valued at $268,000 after acquiring an additional 50,854 shares during the last quarter. Hedge funds and other institutional investors own 30.25% of the company’s stock.

Shares of NYSE BTE traded up $0.05 during midday trading on Tuesday, hitting $1.57. The company’s stock had a trading volume of 21,547 shares, compared to its average volume of 1,941,793. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.55 and a current ratio of 0.55. Baytex Energy Corp has a 1 year low of $1.38 and a 1 year high of $4.85. The firm has a market cap of $871.35 million, a price-to-earnings ratio of -78.50 and a beta of 2.51.

A number of brokerages have weighed in on BTE. Zacks Investment Research cut shares of Baytex Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, January 9th. Royal Bank of Canada reiterated an “average” rating and set a $5.50 price target on shares of Baytex Energy in a research report on Tuesday, November 6th. TD Securities reiterated a “buy” rating and set a $5.50 price target on shares of Baytex Energy in a research report on Monday, November 5th. Raymond James upgraded shares of Baytex Energy from a “market perform” rating to an “outperform” rating in a research report on Monday, November 5th. Finally, Desjardins reiterated a “buy” rating on shares of Baytex Energy in a research report on Friday, November 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. Baytex Energy currently has a consensus rating of “Hold” and a consensus target price of $4.90.

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About Baytex Energy

Baytex Energy Corp., an oil and gas company, engages in the acquisition, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. It offers heavy oil, heavy gravity crude oil, bitumen, light oil, and natural gas liquids. Its primary oil resource plays include the Eagle Ford in Texas, and the Peace River Oil Sands and Lloydminster heavy oil projects in North America.

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Institutional Ownership by Quarter for Baytex Energy (NYSE:BTE)

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Dt Investment Partners Has Raised Its Holding in Duke Energy (DUK) by $303840; Swiss National …

Swiss National Bank increased its stake in Baytex Energy Corp (BTE) by 278.91% based on its latest 2018Q3 regulatory filing with the SEC.

Baytex Energy Corp. (NYSE:BTE) Logo

Swiss National Bank increased its stake in Baytex Energy Corp (BTE) by 278.91% based on its latest 2018Q3 regulatory filing with the SEC. Swiss National Bank bought 724,876 shares as the company’s stock declined 35.09% with the market. The institutional investor held 984,776 shares of the oil & gas production company at the end of 2018Q3, valued at $2.85 million, up from 259,900 at the end of the previous reported quarter. Swiss National Bank who had been investing in Baytex Energy Corp for a number of months, seems to be bullish on the $975.55M market cap company. The stock decreased 8.33% or $0.16 during the last trading session, reaching $1.76. About 1.92M shares traded. Baytex Energy Corp. (NYSE:BTE) has declined 45.05% since January 22, 2018 and is downtrending. It has underperformed by 45.05% the S&P500. Some Historical BTE News: 03/05/2018 – BAYTEX ENERGY – 2018 PRODUCTION GUIDANCE RANGE UNCHANGED WITH BUDGETED EXPLORATION AND DEVELOPMENT CAPITAL EXPENDITURES OF $325 TO $375 MLN; 09/03/2018 – BAYTEX ENERGY CORP BTE.TO : GMP RAISES TO BUY FROM HOLD; 18/05/2018 – BAYTEX ENERGY CORP BTE.TO : CIBC RAISES TARGET PRICE TO C$7 FROM C$4.5; 13/04/2018 – BAYTEX ENERGY CORP BTE.TO : CREDIT SUISSE RAISES TARGET PRICE TO C$4.50 FROM C$4; 06/03/2018 – Baytex Energy 4Q Net C$76M; 03/05/2018 – Baytex Reports Election of Directors; 06/03/2018 – Baytex Energy 4Q EPS C$0.32; 27/03/2018 – Baytex Mails Information Circular in Connection With Annual Meeting of Shareholders; 03/05/2018 – Baytex Energy 1Q Loss/Shr C$0.27; 09/03/2018 – Baytex Energy Files 2017 Year-End Disclosure Documents

Dt Investment Partners Llc increased its stake in Duke Energy Corp (DUK) by 10.8% based on its latest 2018Q3 regulatory filing with the SEC. Dt Investment Partners Llc bought 3,798 shares as the company’s stock rose 9.96% while stock markets declined. The institutional investor held 38,970 shares of the power generation company at the end of 2018Q3, valued at $3.12M, up from 35,172 at the end of the previous reported quarter. Dt Investment Partners Llc who had been investing in Duke Energy Corp for a number of months, seems to be bullish on the $60.54B market cap company. The stock decreased 0.79% or $0.68 during the last trading session, reaching $84.92. About 1.57M shares traded. Duke Energy Corporation (NYSE:DUK) has risen 2.97% since January 22, 2018 and is uptrending. It has outperformed by 2.97% the S&P500. Some Historical DUK News: 22/03/2018 – Duke Energy: Sees Investing $11B Over 2017-2026 in New Natural Gas-Fired, Wind and Solar Generation; 22/05/2018 – Duke Energy: Karl Newlin Will Become Senior Vice Pres of Corporate Development; 09/03/2018 – Duke Energy Announces Closing of Common Stk Offering With a Forward Component; 25/04/2018 – Duke Energy announces new executive appointments; 09/03/2018 – Duke Energy Gives CEO Lynn Good 55% Raise With Retention Grant; 29/03/2018 – Duke Energy using North Carolina-based renewable natural gas in first-of-its-kind project; 30/04/2018 – DUKE: RENEWABLE ENERGY PORTFOLIO GREW ALMOST 20% IN 2017; 13/04/2018 – DUKE ENERGY – DUKE ENERGY OHIO IS MOVING FORWARD WITH APPLICATION BEFORE OHIO POWER SITING BOARD TO CONSTRUCT ITS PROPOSED CENTRAL CORRIDOR PIPELINE; 08/03/2018 – Voith’s Global Outlook Includes More than $6 Billion in 2018 Project Kickoffs, Completions, an Industrial Info News Alert; 21/03/2018 – S&PGR Affirms Duke Energy Corp. Rtgs; Outlook Remains Stable

Among 11 analysts covering Baytex Energy Trust (NYSE:BTE), 6 have Buy rating, 2 Sell and 3 Hold. Therefore 55% are positive. Baytex Energy Trust had 28 analyst reports since July 21, 2015 according to SRatingsIntel. As per Monday, August 31, the company rating was maintained by FirstEnergy Capital. The firm earned “Equal-Weight” rating on Friday, July 29 by Barclays Capital. IBC maintained Baytex Energy Corp. (NYSE:BTE) on Wednesday, November 21 with “Buy” rating. The firm earned “Outperform” rating on Tuesday, June 19 by RBC Capital Markets. The firm has “Market Perform” rating given on Wednesday, August 26 by Raymond James. The rating was upgraded by TD Securities on Tuesday, June 19 to “Buy”. The rating was downgraded by National Bank Canada on Monday, August 24 to “Sector Perform”. The rating was downgraded by Scotia Capital on Thursday, June 29 to “Sector Perform”. Barclays Capital maintained Baytex Energy Corp. (NYSE:BTE) rating on Monday, August 24. Barclays Capital has “Equal-Weight” rating and $9 target. The firm has “Underweight” rating given on Monday, October 30 by Barclays Capital.

Swiss National Bank, which manages about $89.77 billion US Long portfolio, decreased its stake in Oneok Inc New (NYSE:OKE) by 44,800 shares to 1.31 million shares, valued at $88.96 million in 2018Q3, according to the filing. It also reduced its holding in Maxim Integrated Prods Inc (NASDAQ:MXIM) by 38,700 shares in the quarter, leaving it with 892,671 shares, and cut its stake in Best Buy Inc (NYSE:BBY).

More notable recent Baytex Energy Corp. (NYSE:BTE) news were published by: Fool.ca which released: “Is the Post-Merger Baytex Energy Corp. (TSX:BTE) an Attractive Way to Play Higher Crude? – The Motley Fool Canada” on September 10, 2018, also Seekingalpha.com with their article: “Baytex Energy’s (BTE) CEO Edward LaFehr on Q1 2018 Results – Earnings Call Transcript – Seeking Alpha” published on May 04, 2018, Globenewswire.com published: “Baytex Announces 2019 Budget Toronto Stock Exchange:BTE – GlobeNewswire” on December 17, 2018. More interesting news about Baytex Energy Corp. (NYSE:BTE) were released by: Fool.ca and their article: “Is Baytex Energy Corp (TSX:BTE) Stock a Millionaire-Maker? – The Motley Fool Canada” published on December 05, 2018 as well as Seekingalpha.com‘s news article titled: “Baytex Energy +14% after strong Q4 results – Seeking Alpha” with publication date: March 06, 2018.

Among 20 analysts covering Duke Energy (NYSE:DUK), 6 have Buy rating, 2 Sell and 12 Hold. Therefore 30% are positive. Duke Energy had 103 analyst reports since August 7, 2015 according to SRatingsIntel. As per Thursday, February 1, the company rating was maintained by RBC Capital Markets. The firm has “Underperform” rating given on Monday, February 22 by Wolfe Research. The stock of Duke Energy Corporation (NYSE:DUK) has “Buy” rating given on Sunday, October 1 by RBC Capital Markets. The firm has “Buy” rating by Goldman Sachs given on Monday, June 26. As per Wednesday, February 21, the company rating was maintained by Wells Fargo. The firm has “Equal-Weight” rating by Barclays Capital given on Monday, November 19. The company was maintained on Tuesday, October 17 by Citigroup. The firm has “Hold” rating by KeyBanc Capital Markets given on Wednesday, October 18. The rating was maintained by SunTrust on Monday, March 7 with “Neutral”. SunTrust maintained Duke Energy Corporation (NYSE:DUK) rating on Monday, October 23. SunTrust has “Hold” rating and $89.0 target.

Investors sentiment decreased to 0.91 in Q3 2018. Its down 0.04, from 0.95 in 2018Q2. It dropped, as 46 investors sold DUK shares while 386 reduced holdings. 79 funds opened positions while 312 raised stakes. 408.54 million shares or 94.96% less from 8.11 billion shares in 2018Q2 were reported. Community Bankshares Na holds 0.08% or 5,214 shares. Transamerica Finance Advisors Inc holds 0% or 18 shares. 148,197 are owned by Hyman Charles D. Vaughan Nelson Inv Mngmt Ltd Partnership, a Texas-based fund reported 13,675 shares. 1.23M are owned by Barclays Public Ltd Company. Ironwood Limited Liability Corp stated it has 66 shares. Ledyard Bankshares has invested 0.53% in Duke Energy Corporation (NYSE:DUK). Veritable Lp holds 0.04% or 23,167 shares in its portfolio. Stonebridge Cap Lc invested in 0.22% or 13,389 shares. Ameriprise Fin Inc accumulated 0.04% or 948,078 shares. 11,300 are owned by Legg Mason Asset Mngmt (Japan). At Bank & Trust reported 3,635 shares stake. Arizona State Retirement Systems has invested 0.19% in Duke Energy Corporation (NYSE:DUK). Morgan Stanley holds 0.08% or 3.79 million shares. Regentatlantic Capital Lc invested in 5,027 shares or 0.03% of the stock.

More notable recent Duke Energy Corporation (NYSE:DUK) news were published by: Bizjournals.com which released: “Duke Energy makes offer to purchase troubled South Carolina utility – Charlotte Business Journal” on January 17, 2019, also Bizjournals.com with their article: “Duke Energy mulls bid to operate Puerto Rico’s troubled electric grid – Charlotte Business Journal” published on January 22, 2019, 247Wallst.com published: “RBC Best Idea 2019 Utility Stocks for an Overbought and Overvalued Market – 24/7 Wall St.” on January 22, 2019. More interesting news about Duke Energy Corporation (NYSE:DUK) were released by: Benzinga.com and their article: “Duke Energy Corporation (NYSE:DUK), (WKHS) – Workhorse CEO Updates Company’s Progress, SureFly Timeline – Benzinga” published on January 15, 2019 as well as Seekingalpha.com‘s news article titled: “Duke Energy downgraded at BAML on valuation, Atlantic Coast pipeline risks – Seeking Alpha” with publication date: January 09, 2019.

Duke Energy Corporation (NYSE:DUK) Institutional Positions Chart

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Critical Factors Ahead For Baytex Energy Corp. (BTE), Broadcom Inc. (AVGO)

The price of Baytex Energy Corp. (NYSE:BTE) went down by -$0.14 now trading at $2.96. Their shares witnessed a 28.7% increase from the 52-week …

The price of Baytex Energy Corp. (NYSE:BTE) went down by -$0.14 now trading at $2.96. Their shares witnessed a 28.7% increase from the 52-week low price of $2.3 they recorded on 2017-10-26. Even though it is still -63.85% behind the $4.85 high touched on 2018-05-09. The last few days have been rough for the stock, as its price has decreased by -8.64% during the week. It has also performed poorly over the past three months, as it lost around -36.34% while it has so far climbed around 13.85% during the course of a year. The stock of BTE recorded -1.33% downtrend from the beginning of this year till date. The 12-month potential price target for Baytex Energy Corp. is set at $3.94. This target means that the stock has an upside potential to increase by 33.11% from the current trading price.

When giving their opinion, around 66.67% of Wall Street analysts, which represents 10 out of 15 rated the stock as a Buy. 4 brokerage firms of the remaining 26.67 rated the stock as a Hold with 1 analyst rating it as a sell. Overall, the number of aggregate BTE shares held by institutional investors represents 49.7 of total shares. 21 institutions entered new Baytex Energy Corp. (NYSE:BTE) positions, 56 added to their existing positions in these shares, 46 lowered their positions, and 14 exited their positions entirely.

Baytex Energy Corp. (BTE) trade volume has increased by 33.67% as around 2,938,094 shares were sold when compared with its 50-day average volume of traded shares which is 2,198,052. At the moment, BTE is witnessing a downtrend, as it is trading -8.13% below its 20-day SMA, -14.57% below its 50-day SMA, and -10.56% below its 200-day SMA. The company runs an ROE of roughly -2.9%, with financial analysts predicting that their earnings per share growth will be around 18.2% per annum for the next five year. This will be compared to the -15% decrease witnessed over the past five years.

The first technical resistance point for Baytex Energy Corp. (NYSE:BTE) will likely come at $3.09, marking a 4.21% premium to the current level. The second resistance point is at $3.22, about 8.07% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $2.82, the lower end of the range. BTE’s 14-day MACD is -0.12 and this negative figure indicates a downward trading trend. The company’s 14-day RSI (relative strength index) score is 31.27, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 28.53 percent, which is low when compared to that of the 50-day’s 47.42 percent.

The shares of Broadcom Inc. (NASDAQ:AVGO) has decreased by -0.54%, and now trading at $211.08 on the Wall Street in the intra-day deal, with their shares traded now around 2,935,697. This is a decline of -2,558,285 shares over the average 5,493,982 shares that were traded daily over the last three months. The stock that is trading at $211.08 went higher by 6.9% from its 52-week low of $197.46 that it attained back on 2018-07-12. The stock recorded a 52-week high of $285.68 nearly 260 days ago on 2017-11-27..

AVGO stock has performed well over the past 30 days, as it added 4.26% while its price plunged by -17.84% year-to-date (YTD). Looking at the last few days, it has been tough for the stock, as it tumbled -2.71% over the last week. The stock’s 12-month potential target price is now at $287.76. This means that the stock price might likely increase by 36.33% from its current trading price.24 out of 35 Wall Street analysts which represents 68.57% rated the stock as a buy while the remaining 31.43 rated it as a hold, with 0 of analysts rating it as a sell.

Broadcom Inc. (NASDAQ:AVGO) has been utilizing an ROE that is roughly 44.7%, with stock analysts predicting that the company’s EPS for the next five years will go up by 13.23% per year, following the 12.4% raise that was witnessed during the past five years. The stock at the moment is on a downtrend, trading -2.48% below its 20-day SMA, -11.21% below its 50-day SMA, and -15.09% below its 200-day SMA. In percentage terms, the aggregate Broadcom Inc. shares held by institutional investors is 85.7 %. 177 institutions jumped in to acquire Broadcom Inc. (AVGO) fresh stake, 528 added to their current holdings in these shares, 541 lowered their positions, and 182 left no stake in the company.

The stock’s 9-day MACD is -3.1 and this negative figure indicates a downward trading trend. The company’s 9-day RSI score is 33.73, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 25.86 percent, which is less when compared to that of the 50-day’s 40.91 percent. On the daily chart, we see that the stock could reach the first level of resistance at $213.22, sporting a 1% premium to the current level. The next resistance point is at $215.37, representing nearly 1.99% premium to the current market price of Broadcom Inc. (AVGO). On the other hand, failure to breach the immediate hurdles can drag it down to $208.31, the lower end of the range.

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Steady Activities: Baytex Energy Corp. (NYSE:BTE), Laredo Petroleum, Inc. (NYSE:LPI)

Baytex Energy Corp. (NYSE:BTE) represented a move of -1.5 percent or $0.06 per share and closed its previous day trading session at $3.29. 1.93 Million Shares were traded in the last trading session with an Average Volume of 2.02 Million Shares. The stock currently has a Market Capitalization of …

Baytex Energy Corp. (NYSE:BTE)

Baytex Energy Corp. (NYSE:BTE) represented a move of -1.5 percent or $0.06 per share and closed its previous day trading session at $3.29. 1.93 Million Shares were traded in the last trading session with an Average Volume of 2.02 Million Shares. The stock currently has a Market Capitalization of 815.95 Million.

Baytex Energy Trust is a conventional oil and gas income trust focused on maintaining its production and asset base through internal property development and delivering consistent returns to its unitholders.

The stock traded between $2.13 and $4.56 over 1-Year time period showing its price to sales ratio of

Right now, the stock has a 50-Day Simple Moving Average of $5.51 and 200-Day Simple Moving Average of $14.69. Its Price to Free Cash Flow is 3.81 and Price to Book of 0.53.

Analyst’s recommended the stock as 2.9 where 1 represents Strong Buy and 5 represents Sell.

In the last Quarter, Baytex Energy Corp. (NYSE:BTE) reported its Actual EPS of $-0.03/share. The analysts offering Earnings Estimates for the company were believing that Baytex Energy Corp. could bring EPS of $-0.1/share. The difference between Actual EPS and Estimated EPS was 0.07 Percent. Thus showing an Earnings Surprise of 70 Percent.



Laredo Petroleum, Inc. (NYSE:LPI)

In the last trading session, Laredo Petroleum, Inc. (NYSE:LPI) added its value by -3.62% closing at the price of $10.65. The stock currently has market capitalization of 2.62 Billion, with average volume of 2.78 Million shares.

Beta is also a factor of measure of the relative volatility of a particular stock to the market. Currently Laredo Petroleum, Inc. (NYSE:LPI) is showing beta of 1.38. This particular value of beta suggests that Laredo Petroleum, Inc. (NYSE:LPI) has historically moved 138% for every 100% move in the benchmark, based on price level.

EPS is another important factor while making the decision of buying, selling or holding of particular share. Currently EPS for Laredo Petroleum, Inc. (NYSE:LPI) is at $0.5.

The stock currently has RSI of 49.94. RSI is considered overbought when above 70 and oversold when below 30, currently the given RSI for the stock suggests that the stock is average and it has not entered in overbought or oversold territory.

Laredo Petroleum Holdings, Inc. is engaged in the exploration, development and acquisition of oil and natural gas properties in the Permian and Mid-Continent regions of the United States. Laredo Petroleum Holdings, Inc. is headquartered in Tulsa, Oklahoma.

Laredo Petroleum, Inc. (NYSE:LPI) topped its 52-week high price of $15.15 on 04/05/17 and 52-Week Low Price of $ 9.46 on 12/15/17. The Stock currently has P/E (price to earnings ttm) of 21.43 and Weekly volatility of 3.71% and monthly volatility of 3.43% respectively.

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Timber Hill LLC Invests $106000 in Baytex Energy Corp (BTE)

Two Sigma Investments LP purchased a new position in Baytex Energy Corp during the fourth quarter worth about $2,040,000. UBS Asset Management Americas Inc. raised its position in Baytex Energy Corp by 8.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 377,456 shares …

Timber Hill LLC bought a new position in Baytex Energy Corp (NYSE:BTE) (TSE:BTE) during the first quarter, Holdings Channel reports. The firm bought 31,021 shares of the oil and gas producer’s stock, valued at approximately $106,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Baytex Energy Corp during the fourth quarter worth about $20,732,000. Two Sigma Investments LP purchased a new position in Baytex Energy Corp during the fourth quarter worth about $2,040,000. UBS Asset Management Americas Inc. raised its position in Baytex Energy Corp by 8.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 377,456 shares of the oil and gas producer’s stock worth $1,847,000 after buying an additional 30,278 shares during the last quarter. FMR LLC purchased a new position in Baytex Energy Corp during the fourth quarter worth about $4,397,000. Finally, Fiera Capital Corp purchased a new position in Baytex Energy Corp during the fourth quarter worth about $18,404,000. 21.38% of the stock is currently owned by hedge funds and other institutional investors.

Baytex Energy Corp (NYSE:BTE) traded down 0.58% during trading on Monday, hitting $3.41. The company had a trading volume of 790,079 shares. The firm has a 50-day moving average of $3.22 and a 200 day moving average of $3.88. Baytex Energy Corp has a 12-month low of $2.80 and a 12-month high of $7.14. The company’s market capitalization is $798.64 million.

Baytex Energy Corp (NYSE:BTE) last released its quarterly earnings data on Tuesday, March 7th. The oil and gas producer reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by $0.13. The company had revenue of $233.11 million during the quarter, compared to the consensus estimate of $220.09 million. Baytex Energy Corp had a negative net margin of 69.17% and a negative return on equity of 5.63%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.96) EPS. On average, equities research analysts forecast that Baytex Energy Corp will post ($0.27) earnings per share for the current year.

Separately, AltaCorp Capital reaffirmed an “outperform” rating on shares of Baytex Energy Corp in a report on Friday, May 5th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $7.47.

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.