Baytex Energy Corp reports results for the quarter ended June 30 - Earnings Summary

• Baytex Energy Corp BTE reported quarterly adjusted earnings of 20 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 13 cents. The lone analyst forecast for the quarter was for earnings of 3 cents per share.

• Revenue fell 21.8% to C$886.58 million from a year ago; analysts expected C$770.10 million.

• Baytex Energy Corp's reported EPS for the quarter was 20 cents​.

• The company reported quarterly net income of C$151.55 million.

• Baytex Energy Corp shares had risen by 20.7% this quarter and lost 16.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 76.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

This summary was machine generated from LSEG data July 31 at 11:06 p.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)