News headlines about Baytex Energy Corp (NYSE:BTE) (TSE:BTE) have been trending positive on Friday, according to AlphaOne Sentiment. The research firm, a division of Accern, identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Baytex Energy Corp earned a daily sentiment score of 0.40 on AlphaOne’s scale. AlphaOne also assigned news articles about the oil and gas producer an impact score of 86 out of 100, indicating that recent press coverage is very likely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted AlphaOne’s rankings:
- Shares in Focus: Baytex Energy Corp. (NYSE:BTE) – Business Daily (oxfordbusinessdaily.com)
- The Baytex Energy Corp (BTE) Receives Consensus Recommendation of “Hold” from Analysts – BangaloreWeekly (bangaloreweekly.com)
- Tale of the Tape: Baytex Energy Corp. (NYSE:BTE) Moves 3.54% – Concord Register (concordregister.com)
- Baytex Energy Corp (BTE) Seeing Increased Volatility in Session – Pearson Press (pearsonnewspress.com)
- The Brokerages Set Baytex Energy Corp (BTE) Target Price at $7.68 – BangaloreWeekly (bangaloreweekly.com)
Shares of Baytex Energy Corp (NYSE:BTE) traded up 3.1621% during mid-day trading on Friday, hitting $3.3734. The stock had a trading volume of 804,845 shares. The firm’s market cap is $790.06 million. Baytex Energy Corp has a 12 month low of $2.80 and a 12 month high of $7.14. The stock’s 50-day moving average is $3.22 and its 200 day moving average is $3.88.
Baytex Energy Corp (NYSE:BTE) last issued its earnings results 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 firm had revenue of $233.11 million for the quarter, compared to analyst estimates of $220.09 million. Baytex Energy Corp had a negative return on equity of 5.63% and a negative net margin of 69.17%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.96) EPS. Equities research analysts predict that Baytex Energy Corp will post ($0.27) earnings per share for the current fiscal year.
Separately, AltaCorp Capital reaffirmed an “outperform” rating on shares of Baytex Energy Corp in a research report on Monday. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $7.47.
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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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