Media headlines about Baytex Energy Corp (NYSE:BTE) (TSE:BTE) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Baytex Energy Corp earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news articles about the oil and gas producer an impact score of 47.0738647182189 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Baytex Provides Update on Impact of Hurricane Harvey – GlobeNewswire (press release) (globenewswire.com)
- Baytex Energy Corp. (BTE) noted a price change of 3.79% and Johnson Outdoors Inc. (JOUT) closes with a move of … – Stocks Gallery (stocksgallery.com)
- A Eager Look at Turquoise Hill Resources Ltd. (TRQ) and Baytex Energy Corp. (BTE) on Margins And Returns Analysis – Investing News Update (investingbizz.com)
- Baytex Energy Corp (BTE.TO) Sees Schaff Trend Cycle Trending Up – Berry Recorder (berryrecorder.com)
- Baytex to Present at Peters & Co. Limited 2017 Energy Conference – GlobeNewswire (press release) (globenewswire.com)
Several brokerages have recently weighed in on BTE. AltaCorp Capital reaffirmed an “outperform” rating on shares of Baytex Energy Corp in a report on Monday, May 15th. 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. ValuEngine downgraded shares of Baytex Energy Corp from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Scotiabank downgraded shares of Baytex Energy Corp from an “outperform” rating to a “sector perform” rating in a report on Thursday, June 29th. Finally, Zacks Investment Research downgraded shares of Baytex Energy Corp from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Baytex Energy Corp currently has a consensus rating of “Hold” and a consensus price target of $7.44.
Baytex Energy Corp (BTE) traded up 0.973% during mid-day trading on Tuesday, reaching $2.595. 343,379 shares of the company were exchanged. The company’s 50 day moving average price is $2.61 and its 200-day moving average price is $2.92. The stock’s market capitalization is $610.99 million. Baytex Energy Corp has a 12 month low of $2.13 and a 12 month high of $5.61.
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 Zacks’ consensus estimate of ($0.14) by $0.17. The firm had revenue of $207.22 million during the quarter. Baytex Energy Corp had a negative net margin of 38.91% and a negative return on equity of 5.17%. On average, equities analysts expect that Baytex Energy Corp will post ($0.18) earnings per share for the current fiscal year.
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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