Baytex Energy Corp (USA) (BTE) Releases Earnings Results, Misses Expectations By $-0.13 EPS

Baytex Energy Corp (USA) (BTE) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $-0.41 earnings per share for the quarter, missing the analyst consensus estimate by $-0.13. Analysts had a consensus of $-0.28. The company posted revenue of $195.73 million in the period, compared to analysts expectations of $195.99 million. The company’s revenue was down -42.9% compared to the same quarter last year.

Baytex Energy Corp (USA) closed down -0.27 points or -5.76% at $4.42 with 36,47,774 shares getting traded on Thursday. Post opening the session at $4.69, the shares hit an intraday low of $4.395 and an intraday high of $4.719 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Baytex Energy Corp. (Baytex) through its subsidiaries is engaged in the business of acquiring developing exploiting and holding interests in petroleum and natural gas properties and related assets in Canada (primarily in the provinces of Alberta and Saskatchewan) and in the United States (primarily in the state of Texas). The Company’s crude oil and natural gas operations are organized into three business units: Central; Lloydminster; and United States. Each business unit has a portfolio of mineral leases operated and non-operated properties and development prospects. The Company’s wholly owned subsidiaries include include Baytex Energy Ltd. which is engaged in the business of oil and natural gas exploration exploitation development acquisition and production in Canada and Baytex Energy USA Inc. which is engaged in the business of oil and natural gas exploration exploitation development acquisition and production in the United States.

Baytex Energy Corp (USA)

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