Ultime notizie per Baytex Energy (NYSE:BTE) Azioni

Baytex Energy

Baytex Energy Corp is an oil and gas company. Geographically, the group operates in Canada and the United States. The company derives a majority of revenue from Canada. Its Canada segment includes the exploration, development, and production of crude oil and natural gas in Western Canada.

Baytex Energy Corp

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Shares of oil and gas companies are trading higher After Donald Trump wins the 2024 presidential election.

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Shares of oil and gas companies are trading higher following reports suggesting OPEC+ will delay output increases.

Baytex Energy shares are trading higher after the company reported better-than-expected Q3 sales results.

Baytex Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTE#NYSE">BTE</a>) reported quarterly earnings of $0.17 per share which missed the analyst consensus estimate of $0.23 by 26.09 percent. This is a 51.79 percent increase over earnings of $0.11 per share from the same period last year. The company reported quarterly sales of $787.72 million which beat the analyst consensus estimate of $765.15 million by 2.95 percent. This is a 9.14 percent decrease over sales of $866.94 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

News

Baytex Energy Q3 EPS $0.17 Misses $0.23 Estimate, Sales $787.72M Beat $765.15M Estimate

Canaccord Genuity analyst Mike Mueller maintains Baytex Energy (TSX:<a class="ticker" href="https://www.benzinga.com/stock/BTE#TSX">BTE</a>) with a Buy and lowers the price target from C$6.5 to C$6.

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TSX:BTE

Canaccord Genuity Maintains Buy on Baytex Energy, Lowers Price Target to C$6

Raymond James analyst Luke Davis initiates coverage on Baytex Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTE#NYSE">BTE</a>) with a Market Perform rating and announces Price Target of $5.5.

Initiation

Raymond James Initiates Coverage On Baytex Energy with Market Perform Rating, Announces Price Target of $5.5

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Shares of energy companies are trading higher amid heightening Middle East tensions. A report suggests Iran is preparing to directly attack Israel, which could create shocks to the global economy.

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Shares of oil and gas companies are trading lower following reports suggesting an impending deal will restart Libyan oil production and exports.

U.S. stock futures were mixed this morning, with the S&amp;P 500 futures falling around 0.1% on Friday.
Shares of Applied Materials, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) declined in today's pre-market trading <a href="https://www.benzinga.com/news/earnings/24/08/40406069/applied-materials-q3-earnings-revenue-beat-eps-beat-demand-being-driven-by-race-for-ai-leadership-a">following third-quarter results.</a>
Applied Materials reported third-quarter revenue of $6.78 billion, beating the consensus estimate of $6.673 billion. The chip equipment company reported adjusted earnings of $2.12 per share, beating analyst estimates of 2.02 per share.
Applied Materials anticipates fourth-quarter revenue of $6.53 billion, plus or minus $400 million, versus estimates of $6.91 billion. The company expects fourth-quarter adjusted earnings to be between $2 and $2.36 per share, versus estimates of $2.14 per share.
Applied Materials shares fell 3.1% to $205.25 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Sonida Senior Living, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNDA#NYSE">SNDA</a>) shares dipped 15.4% to $27.06 in today's pre-market trading. Sonida Senior Living priced its upsized public offering of 4.3 million common stock at $27 per share.</li>
<li>Lumen Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>) shares declined 6.1% to $5.36 in pre-market trading.</li>
<li>Baytex Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTE#NYSE">BTE</a>) shares fell 5.8% to $3.40 in pre-market trading.</li>
<li>U-BX Technology Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UBXG#NASDAQ">UBXG</a>) shares declined 4% to $19.00 in pre-market trading after jumping 45% on Thursday.</li>
<li>Pacific Biosciences of California, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PACB#NASDAQ">PACB</a>) fell 3.5% to $1.63 in pre-market trading after jumping 25% on Thursday.</li>
<li>Amcor plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMCR#NYSE">AMCR</a>) declined 3.1% to $10.51 in pre-market trading following fourth-quarter results.</li>
<li>RLX Technology Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLX#NYSE">RLX</a>) shares fell 2.5% to $1.58 in pre-market trading following weak quarterly sales.</li>
</ul>
Now Read This:<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40394036/jim-cramer-recommends-buying-clorox-ceo-has-done-remarkable-job"> </a>
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40394036/jim-cramer-recommends-buying-clorox-ceo-has-done-remarkable-job">Jim Cramer Recommends Buying Clorox: &#8216;CEO Has Done Remarkable Job&#8217;</a></li>
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Applied Materials, Amcor, RLX Technology And Other Big Stocks Moving Lower In Friday's Pre-Market Session

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Shares of oil and gas stocks are trading lower despite Middle East tensions. Weak US economic data may be weighing on demand outlook.

Baytex Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTE#NYSE">BTE</a>) reported quarterly earnings of $0.10 per share which missed the analyst consensus estimate of $0.12 by 16.67 percent. This is a 62.96 percent decrease over earnings of $0.27 per share from the same period last year. The company reported quarterly sales of $828.26 million which beat the analyst consensus estimate of $751.50 million by 10.21 percent. This is a 85.82 percent increase over sales of $445.73 million the same period last year.

Baytex Energy Q2 EPS $0.10 Misses $0.12 Estimate, Sales $828.26M Beat $751.50M Estimate

The renewed NCIB allows Baytex to purchase up to 70.112 million common shares during the 12-month period commencing July 2, 2024 and ending July 1, 2025 or such earlier time as the NCIB is completed or terminated at the option of Baytex.

Baytex Says TSX Has Accepted Notice Of Intention To Renew Its Normal Course Issuer Bid

Shares of several oil and gas companies are trading higher amid a rise in the price of crude. Strength is due to potential demand and growing tension in the Middle East.

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Shares of several oil & gas companies are trading lower following an OPEC+ meeting in which members said they would start phasing out voluntary production cuts in October.

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Shares of oil and gas companies are trading higher amid a rise in the price of crude.

RBC Capital analyst Greg Pardy maintains Baytex Energy (TSX:<a class="ticker" href="https://www.benzinga.com/stock/BTE#TSX">BTE</a>) with a Outperform and lowers the price target from C$7 to C$6.5.

RBC Capital Maintains Outperform on Baytex Energy, Lowers Price Target to C$6.5

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Shares of oil and gas companies are trading lower amid weakness in oil following a build of US crude inventories.

Baytex Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTE#NYSE">BTE</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-02-28. Here's what investors need to know before the announcement.
Analysts estimate that Baytex Energy will report an earnings per share (EPS) of $0.12. 
Baytex Energy bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.04, which was followed by a 2.21% drop in the share price the next day.
Here's a look at Baytex Energy's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.150</td>
<td>0.09</td>
<td>0.10</td>
<td>0.10</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.112</td>
<td>0.27</td>
<td>0.07</td>
<td>0.48</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.0%</td>
<td>9.0%</td>
<td>3.0%</td>
<td>-0.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1709060512_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Baytex Energy were trading at $3.44 as of February 26. Over the last 52-week period, shares are down 11.17%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release. 
<a href="https://www.benzinga.com/quote/BTE/earnings">To track all earnings releases for Baytex Energy visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: Baytex Energy

<h3>The Meaning Behind Value Stocks</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>The following stocks are considered to be notable value stocks in the energy sector:</h2>
<ol>
<li>ProPetro Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>) - P/E: 8.09</li>
<li>YPF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YPF#NYSE">YPF</a>) - P/E: 9.42</li>
<li>Global Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLP#NYSE">GLP</a>) - P/E: 9.55</li>
<li>Baytex Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTE#NYSE">BTE</a>) - P/E: 3.6</li>
<li>Sunoco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUN#NYSE">SUN</a>) - P/E: 9.45</li>
</ol>
This quarter, ProPetro Holding experienced a decrease in earnings per share, which was $0.34 in Q2 and is now $0.31. YPF has reported Q3 earnings per share at $-0.33, which has decreased by 140.24% compared to Q2, which was 0.82. The company's most recent dividend yield sits at 1.0%, which has increased by 0.47% from 0.53% last quarter. 
This quarter, Global Partners experienced a decrease in earnings per share, which was $1.05 in Q2 and is now $0.6. Most recently, the company reported a dividend yield of 9.28%, which has increased by 0.95% from last quarter's yield of 8.33%.
This quarter, Baytex Energy experienced a decrease in earnings per share, which was $0.27 in Q2 and is now $0.11. Most recently, the company reported a dividend yield of 3.74%, which has decreased by 5.66% from last quarter's yield of 9.4%.
Most recently, Sunoco reported earnings per share at $2.95, whereas in Q2 earnings per share sat at $0.78. The company's most recent dividend yield sits at 6.61%, which has decreased by 0.89% from 7.5% last quarter. 
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

A Look Into Energy Sector Value Stocks

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Shares of energy stocks are trading lower amid a drop in the price of oil.

Canaccord lowered the firm's price target on Baytex Energy (BTE) to C$6 from C$6.50 and keeps a Buy rating on the shares. Published first on TheFly...

Baytex Energy price target lowered to C$6 from C$6.50 at Canaccord

Baytex Energy (TSE:BTE) has released an update. Baytex Energy Corp. is set to announce its third quarter 2024 financial results on October 31, foll...

Baytex Energy to Announce Q3 2024 Results

Baytex Energy (TSE:BTE) has released an update. Baytex Energy reported a robust third quarter in 2024, generating $220 million in free cash flow an...

Baytex Energy's Strong Q3 Performance and Shareholder Returns

Analyst Jeremy Mccrea of BMO Capital maintained a Hold rating on Baytex Energy (BTE – Research Report), with a price target of C$6.00. Jeremy Mccre...

Baytex Energy's Promising Assets vs. Modest Growth: Justifying a Hold Rating

Baytex Energy Corp. ( ($BTE) ) has released its Q3 earnings. Here is a breakdown of the information Baytex Energy Corp. presented to its investors....

Baytex Energy Corp. Reports Strong Q3 2024 Results

Canada sets preliminary rules aiming for oil and gas producers to cut emissions by 35%

Baytex Energy (TSE:BTE) has released an update. Baytex Energy Corp. reported strong financial results for the third quarter of 2024, generating $22...

Baytex Energy Reports Robust Q3 2024 Results

Magnolia Oil And Gas Solid But High-Priced

Baytex Energy: Post Ranger Oil Acquisition Improving Results

In a report released yesterday, Gregory Pardy from RBC Capital maintained a Buy rating on Baytex Energy (BTE – Research Report), with a price targe...

RBC Capital Reaffirms Their Buy Rating on Baytex Energy (BTE)

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Press Releases

Baytex Announces Renewal of Normal Course Issuer Bid

Commodities

Small Cap

Presentation Times and Schedule for Participating Companies Now Posted on the Conference Website for 29th Annual EnerCom Denver - The Energy Investment Conference

Baytex Conference Call and Webcast on Second Quarter 2024 Results to be held on July 26, 2024

Baytex Announces Quarterly Dividend for October 2024

Baytex Announces Second Quarter 2024 Results

Investor One-on-One Meeting Requests Open for 29th Annual EnerCom Denver - The Energy Investment Conference, to be held August 18-21, 2024 in Denver, Colorado

EnerCom's 29th Annual Energy Investment Conference is Set to be Held August 18-21, 2024 in Denver, Colorado

Baytex Conference Call and Webcast on Third Quarter 2024 Results to Be Held on November 1, 2024

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