Baytex EnergyNYSE: BTE

The assimilation and optimization costs related to the acquisition are fading. Clearwater production is rising as planned. This company may continue to post earnings that beat the industry expectations.

Following a careful analysis of the Zacks Oil and Gas - Exploration and Production - Canadian industry, we advise focusing on companies like CNQ, OVV and BTE.

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.

Baytex Energy Corp. (NYSE:BTE ) Q3 2024 Earnings Conference Call November 1, 2024 11:00 AM ET Company Participants Brian Ector - Senior Vice President, Capital Markets and Investor Relations Eric Greager - President and Chief Executive Officer Chad Kalmakoff - Chief Financial Officer Chad Lundberg - Chief Operating Officer Conference Call Participants Justin Ho - RBC Capital Markets Amir Arif - ATB Capital Operator Good day, everyone. Thank you for standing by.

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.

Calgary, Alberta--(Newsfile Corp. - October 31, 2024) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") reports its operating and financial results for the three and nine months ended September 30, 2024 (all amounts are in Canadian dollars unless otherwise noted). "During the third quarter we generated $220 million of free cash flow, returned $101 million to shareholders through our share buyback program and quarterly dividend, and reduced net debt by 5%.

Calgary, Alberta--(Newsfile Corp. - October 31, 2024) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex" or the "company") announces that its Board of Directors has declared a quarterly cash dividend of CDN$0.0225 per share to be paid on January 2, 2025 for shareholders of record on December 13, 2024. The U.S. dollar equivalent amount is approximately US$0.0163 per share assuming a foreign exchange rate of 1.38 CAD/US.

Calgary, Alberta--(Newsfile Corp. - October 24, 2024) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) will release its third quarter 2024 financial and operating results after the close of markets on Thursday October 31, 2024. A conference call and webcast will be held on Friday November 1, 2024 to discuss the results: Date: Friday November 1, 2024 Time: 9:00 a.m.

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).