Baytex Energy Corp Stock Downgraded (BTE)
- The revenue growth greatly exceeded the industry average of 11.8%. Since the same quarter one year prior, revenues rose by 42.2%. Growth in the company's revenue appears to have helped boost the earnings per share.
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income increased by 4426.3% when compared to the same quarter one year prior, rising from $0.95 million to $43.00 million.
- BAYTEX ENERGY CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. During the past fiscal year, BAYTEX ENERGY CORP increased its bottom line by earning $1.83 versus $1.54 in the prior year.
- BTE has underperformed the S&P 500 Index, declining 19.62% from its price level of one year ago. Looking ahead, we do not see anything in this company's numbers that would change the one-year trend. It was down over the last twelve months; and it could be down again in the next twelve. Naturally, a bull or bear market could sway the movement of this stock.
-- Written by a member of TheStreet Ratings Staff
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