Stock Track | Baytex Energy Soars After Reporting Higher Q3 Profit, Maintaining Dividend

Stock Track

Nov 01, 2024

Shares of Baytex Energy Corp. (BTE) surged over 6% in pre-market trading on Thursday, November 1st, following the release of the company's third-quarter financial results.

The Canadian energy company reported net income of CA$0.23 per diluted share for the quarter ended September 30th, an increase from CA$0.15 per share in the same period last year. This came in above the average analyst estimate of CA$0.19 per share, according to Capital IQ.

Despite a year-over-year decline in revenue to CA$1.02 billion from CA$1.11 billion, Baytex Energy maintained its quarterly dividend at CA$0.0225 per share, payable to shareholders on January 2nd. The strong earnings results and consistent dividend payout helped drive investor confidence in the company, fueling the stock's rally.

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(BTE) surged over 6% in pre-market trading on Thursday, November 1st, following the release of the company's third-quarter financial results.</p>\n\n<p>The Canadian energy company reported net income of CA$0.23 per diluted share for the quarter ended September 30th, an increase from CA$0.15 per share in the same period last year. This came in above the average analyst estimate of CA$0.19 per share, according to Capital IQ.</p>\n\n<p>Despite a year-over-year decline in revenue to CA$1.02 billion from CA$1.11 billion, Baytex Energy maintained its quarterly dividend at CA$0.0225 per share, payable to shareholders on January 2nd. The strong earnings results and consistent dividend payout helped drive investor confidence in the company, fueling the stock's rally.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BTE","symbol_name":"Baytex Energy Corp.","start_time":0,"source_url":"","article_id":"1132257524","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1132257524","pubTimestamp":1730470220,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Baytex Energy Corp.  surged over 6% in pre-market trading on Thursday, November 1st, following the release of the company's third-quarter financial results.The Canadian energy company reported net income of CA$0.23 per diluted share for the quarter ended September 30th, an increase from CA$0.15 per share in the same period last year. 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