-$0.13 EPS Expected for Baytex Energy (BTE) This Quarter

Equities research analysts expect that Baytex Energy (NYSE:BTE) (TSE:BTE) will announce ($0.13) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for Baytex Energy’s earnings. Baytex Energy reported earnings per share of $0.04 during the same quarter last year, which suggests a negative year over year growth rate of 425%. The company is scheduled to report its next earnings results on Thursday, May 3rd.

According to Zacks, analysts expect that Baytex Energy will report full year earnings of ($0.45) per share for the current year, with EPS estimates ranging from ($0.49) to ($0.41). For the next year, analysts expect that the firm will post earnings of ($0.18) per share, with EPS estimates ranging from ($0.26) to ($0.09). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Baytex Energy.

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Baytex Energy (NYSE:BTE) (TSE:BTE) last announced its earnings results on Tuesday, March 6th. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.03. The firm had revenue of $302.19 million during the quarter, compared to analysts’ expectations of $278.72 million. Baytex Energy had a negative return on equity of 0.82% and a net margin of 10.56%. The business’s revenue was up 29.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.66) EPS.

A number of analysts recently issued reports on BTE shares. Zacks Investment Research raised Baytex Energy from a “hold” rating to a “buy” rating and set a $3.25 target price for the company in a research report on Friday, March 9th. GMP Securities raised Baytex Energy from a “hold” rating to a “buy” rating in a research report on Friday, March 9th. AltaCorp Capital raised Baytex Energy to a “buy” rating and set a $5.75 target price for the company in a research report on Monday, January 15th. Finally, ValuEngine cut Baytex Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 1st. Five analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Baytex Energy presently has a consensus rating of “Hold” and a consensus target price of $4.42.

Shares of NYSE BTE traded down $0.08 during trading hours on Monday, reaching $2.66. The stock had a trading volume of 2,085,741 shares, compared to its average volume of 1,940,641. The stock has a market cap of $648.22, a PE ratio of -133.00 and a beta of 3.16. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.88. Baytex Energy has a fifty-two week low of $2.13 and a fifty-two week high of $3.63.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Two Sigma Advisers LP acquired a new stake in shares of Baytex Energy in the 4th quarter valued at about $240,000. Aperio Group LLC raised its stake in Baytex Energy by 386.5% during the 4th quarter. Aperio Group LLC now owns 91,099 shares of the oil and gas producer’s stock valued at $273,000 after acquiring an additional 72,373 shares during the last quarter. Penbrook Management LLC purchased a new stake in Baytex Energy during the 4th quarter valued at approximately $343,000. HBK Investments L P raised its stake in Baytex Energy by 145.6% during the 4th quarter. HBK Investments L P now owns 163,100 shares of the oil and gas producer’s stock valued at $489,000 after acquiring an additional 96,700 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Baytex Energy by 39.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 269,268 shares of the oil and gas producer’s stock valued at $808,000 after acquiring an additional 76,262 shares during the last quarter. 21.41% of the stock is owned by hedge funds and other institutional investors.

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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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