Baytex Energy Corp (BTE) Set to Announce Quarterly Earnings on Thursday

Baytex Energy Corp (TSE:BTE) (NYSE: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 C($0.10) per share for the quarter.

Baytex Energy Corp (TSE:BTE) opened at 3.36 on Tuesday. Baytex Energy Corp has a 52 week low of $2.76 and a 52 week high of $7.35. The company’s market capitalization is $791.11 million. The company has a 50 day moving average of $3.44 and a 200 day moving average of $3.54.

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A number of analysts recently weighed in on the stock. Barclays PLC lowered shares of Baytex Energy Corp from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from C$3.50 to C$2.50 in a research note on Monday. TD Securities upped their price objective on shares of Baytex Energy Corp from C$4.00 to C$4.25 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Canaccord Genuity upped their price objective on shares of Baytex Energy Corp from C$3.50 to C$4.25 in a research note on Wednesday, August 2nd. Finally, AltaCorp Capital lowered shares of Baytex Energy Corp from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Baytex Energy Corp presently has a consensus rating of “Hold” and an average price target of C$5.80.

In other Baytex Energy Corp news, Director John Albert Brussa sold 10,000 shares of the stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of C$3.48, for a total transaction of C$34,800.00.

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.

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