Investing.com - Baytex Energy Corp reported third quarter earnings that missed analysts' expectations on Friday and revenue that fell short of forecasts.
The firm reported earnings per share of C$0.03 on revenue of C$357.9M. Analysts polled by Investing.com expected EPS of C$0.04 on revenue of C$364.95M. That compared to EPS of C$0.07 on revenue of C$436.76M in the same period a year earlier. The company had reported EPS of C$0.14 on revenue of C$482M in the previous quarter.
Baytex Energy Corp shares gained 5.44% to trade at C$1.55 in intra-day trade following the report.
For the year, Baytex Energy Corp shares are down 35.68%, under-performing the S&P/TSX which is up 16.87% year to date.
Baytex Energy Corp follows other major Energy sector earnings this month
On Friday, TC Energy reported third quarter EPS of C$0.79 on revenue of C$3.48B, compared to forecasts of EPS of C$1 on revenue of C$3.56B.
Pembina Pipeline earnings beat analyst's expectations on Friday, with third quarter EPS of C$0.66 on revenue of C$1.7B. Investing.com analysts expected EPS of C$0.59 on revenue of C$1.94B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar