Baytex Energy Meets Production Targets and Raises Annual Guidance
BTE Baytex Energy Corp
$4.09 -2.15%
View chart & analysis → - 1Baytex Energy has recorded a stock price increase of approximately 32% since its last report.
- 2Second quarter production reached 71,243 barrels of oil equivalent per day, an increase of approximately 11% year-over-year.
- 3Management raised the annual target to 71,000 BOE/d and a 72,000 exit rate.
So what's the key point?
Baytex Energy met its targets by increasing oil production by 11% compared to last year. Management has raised the expected annual production amount, which suggests the stock may rise further.
Source Earnings Whispers · View original ↗
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