CALGARY, Alberta (AP) — CALGARY, Alberta (AP) — Baytex Energy Corp. (BTE) on Wednesday reported a loss of $614.7 million in its fourth quarter.
The Calgary, Alberta-based company said it had a loss of 80 cents per share. Losses, adjusted to account for discontinued operations, were 31 cents per share.
The oil and natural gas company posted revenue of $545 million in the period. Its adjusted revenue was $251.4 million.
For the year, the company reported a loss of $432.1 million, or 56 cents per share, swinging to a loss in the period. Revenue was reported as $1.03 billion.
In the final minutes of trading on Wednesday, the company’s shares hit $3.98. A year ago, they were trading at $2.07.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BTE at https://www.zacks.com/ap/BTE
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