Somewhat Positive Press Coverage Somewhat Unlikely to Impact Baytex Energy Corp (NYSE:BTE) Stock Price
News coverage about Baytex Energy Corp (NYSE:BTE) (TSE:BTE) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Baytex Energy Corp earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave news stories about the oil and gas producer an impact score of 46.4187351046791 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- P&G, Valeant Exemplify Wall Street’s ‘Overboarded’ Problem; Musk Must Raise Funds — ICYMI Thursday – TheStreet.com (thestreet.com)
- Share Activity Lifted for Baytex Energy Corp (BTE.TO) in Session – Evergreen Caller (evergreencaller.com)
- Baytex Energy: It’s The Cash Flow – Baytex Energy Corp. (NYSE … – Seeking Alpha (seekingalpha.com)
- Baytex Energy Corp. :BTE-US: Earnings Analysis: Q2, 2017 By the Numbers : August 3, 2017 (finance.yahoo.com)
- Baytex Energy Corp (NYSE:BTE) Posts Quarterly Earnings Results, Beats Expectations By $0.17 EPS (americanbankingnews.com)
Shares of Baytex Energy Corp (BTE) traded down 4.55% during mid-day trading on Monday, reaching $2.73. 768,041 shares of the company traded hands. The company’s 50 day moving average is $2.47 and its 200 day moving average is $3.20. Baytex Energy Corp has a 52-week low of $2.13 and a 52-week high of $5.64. The stock’s market capitalization is $642.78 million.
Baytex Energy Corp (NYSE:BTE) (TSE:BTE) last released its earnings results on Tuesday, August 1st. The oil and gas producer reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.17. The firm had revenue of $207.22 million for the quarter. Baytex Energy Corp had a negative return on equity of 5.17% and a negative net margin of 38.91%. On average, equities analysts forecast that Baytex Energy Corp will post ($0.18) earnings per share for the current year.
Several research firms have recently commented on BTE. UBS AG lowered Baytex Energy Corp from a “market perform” rating to an “underperform” rating in a report on Wednesday, July 5th. Zacks Investment Research lowered Baytex Energy Corp from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Raymond James Financial, Inc. lowered Baytex Energy Corp from a “market perform” rating to an “underperform” rating in a report on Wednesday, July 5th. Scotiabank lowered Baytex Energy Corp from an “outperform” rating to a “sector perform” rating in a report on Thursday, June 29th. Finally, AltaCorp Capital reiterated an “outperform” rating on shares of Baytex Energy Corp in a report on Monday, May 15th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $7.44.
ILLEGAL ACTIVITY NOTICE: This report was first published by Daily Political and is owned by of Daily Political. If you are viewing this report on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark laws. The legal version of this report can be accessed at https://www.dailypolitical.com/2017/08/07/somewhat-positive-press-coverage-somewhat-unlikely-to-impact-baytex-energy-corp-nysebte-stock-price.html.
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.
Receive News & Ratings for Baytex Energy Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baytex Energy Corp and related companies with MarketBeat.com's FREE daily email newsletter.