Baytex Energy (BTE) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.11 per share a year ago.
Baytex Energy's stock price is temporarily depressed due to a large shareholder from the Ranger Oil acquisition selling shares. The Eagle Ford acreage is delivering anticipated improvements. This enables far more Clearwater production, which earns a 500% return. The startup of the Trans Mountain Pipeline Expansion is keeping the heavy oil discount historically tight (for the time being).
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Buy energy stocks like Baytex (BTE), SM Energy (SM), Delek (DKL) & CrossAmerica (CAPL) for steady returns and risk reduction as the sector remains resilient.
Here is how Baytex Energy (BTE) and Northern Oil and Gas (NOG) have performed compared to their sector so far this year.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
BTE, ESI, and WT made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 2, 2024.
IBCP, BTE, and SVM made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 2, 2024.
BTG, NEM, and BTE made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 30, 2024.
BTG, VIRC, and BTE made it to the Zacks Rank #1 (Strong Buy) value stocks list on July 30, 2024.
Baytex Energy Corp. per share production is up sharply due to the acquisition. Clearwater wells return 500% at least in the current environment. Acquisition of Ranger Oil added much-needed light oil production. This supports the expansion of the heavy oil business.