Baytex Energy Corp. (BTE) Reaches $3.36 After 6.00% Down Move; Greenhill & Co (GHL)’s Sentiment Is 1.26

June 18, 2018 - By Hazel Jackson

Greenhill & Co., Inc. (NYSE:GHL) Logo

The stock of Baytex Energy Corp. (NYSE:BTE) is a huge mover today! The stock decreased 13.06% or $0.504 during the last trading session, reaching $3.356. About 5.85 million shares traded or 132.66% up from the average. Baytex Energy Corp. (NYSE:BTE) has risen 34.20% since June 18, 2017 and is uptrending. It has outperformed by 21.63% the S&P500. Some Historical BTE News: ; 06/03/2018 – Baytex Energy 4Q EPS C$0.32; 05/04/2018 – Baytex Energy Non-Deal Roadshow Set By AltaCorp for Apr. 12-13; 03/05/2018 – BAYTEX ENERGY CORP QTRLY NET LOSS PER SHR $0.27; 18/05/2018 – BAYTEX ENERGY CORP BTE.TO : CIBC RAISES TARGET PRICE TO C$7 FROM C$4.5; 03/05/2018 – BAYTEX ENERGY – 2018 PRODUCTION GUIDANCE RANGE UNCHANGED WITH BUDGETED EXPLORATION AND DEVELOPMENT CAPITAL EXPENDITURES OF $325 TO $375 MLN; 03/05/2018 – BAYTEX ENERGY 1Q FFO/SHR C$0.36, EST. C$0.35; 12/04/2018 – Baytex Energy at Non-Deal Roadshow Hosted By AltaCorp Today; 18/04/2018 – Baytex Energy Forms Golden Cross: Technicals; 06/03/2018 – Baytex Energy 4Q Net C$76M; 09/03/2018 – BAYTEX ENERGY CORP BTE.TO : GMP RAISES TO BUY FROM HOLDThe move comes after 5 months negative chart setup for the $809.50M company. It was reported on Jun, 18 by Barchart.com. We have $3.15 PT which if reached, will make NYSE:BTE worth $48.57 million less.

Greenhill & Co Inc (GHL) investors sentiment increased to 1.26 in 2018 Q1. It’s up 0.69, from 0.57 in 2017Q4. The ratio has improved, as 68 hedge funds started new or increased equity positions, while 54 cut down and sold their equity positions in Greenhill & Co Inc. The hedge funds in our database now hold: 25.65 million shares, down from 26.39 million shares in 2017Q4. Also, the number of hedge funds holding Greenhill & Co Inc in top ten equity positions was flat from 2 to 2 for the same number . Sold All: 16 Reduced: 38 Increased: 43 New Position: 25.

Ratings analysis reveals 0 of Greenhill’s analysts are positive. Out of 3 Wall Street analysts rating Greenhill, 0 give it “Buy”, 3 “Sell” rating, while 0 recommend “Hold”. GHL was included in 3 notes of analysts from December 14, 2016. Nomura downgraded the stock to “Reduce” rating in Thursday, January 5 report. The stock has “Sell” rating by Goldman Sachs on Tuesday, January 10. The rating was initiated by Bank of America with “Underperform” on Wednesday, December 14.

The stock increased 0.54% or $0.15 during the last trading session, reaching $27.7. About 103,465 shares traded. Greenhill & Co., Inc. (GHL) has risen 29.72% since June 18, 2017 and is uptrending. It has outperformed by 17.15% the S&P500. Some Historical GHL News: ; 03/05/2018 – Greenhill 1Q Rev $87.5M; 14/03/2018 Ali Akbar to Join Greenhill in New York as a Managing Director Focused on the Midstream Energy Sector; 04/05/2018 – GREENHILL & CO INC GHL.N : KBW RAISES TARGET PRICE TO $22 FROM $19; 02/05/2018 – Matthew Morris to Join Greenhill in New York as Head of Insurance Corporate Advisory; 14/03/2018 – Adam Troso to Join Greenhill in New York as a Managing Director and Head of Real Estate Corporate Advisory for North America; 27/03/2018 – GREENHILL & CO INC GHL.N : UBS RAISES TARGET PRICE TO $10.50 FROM $10; 20/03/2018 – Romitha Mally to Join Greenhill in New York as Managing Director and Head of Consumer Corporate Advisory for North America; 01/05/2018 – Michael Masterson to Join Greenhill in NY as Head of Transportation Corporate Advisory; 09/05/2018 – Greenhill Short-Interest Ratio Rises 44% to 19 Days; 03/05/2018 – GREENHILL 1Q REV. $87.5M, EST. $63.4M

Greenhill & Co., Inc., together with its subsidiaries, operates as an independent investment bank for firms, partnerships, institutions, and governments worldwide. The company has market cap of $655.58 million. The firm provides financial advisory services primarily related to mergers and acquisitions, restructurings, financings, and capital raisings. It currently has negative earnings. It is involved in the provision of advisory services to clients in relation to domestic and cross-border mergers, acquisitions, divestitures, spin-offs, and other strategic transactions, as well as various stages of these transactions, from initial structuring to final execution.

Since January 1, 0001, it had 0 buys, and 1 sale for $749,042 activity.

Capital Management Corp Va holds 4.15% of its portfolio in Greenhill & Co., Inc. for 832,816 shares. Rutabaga Capital Management Llc Ma owns 915,315 shares or 3.98% of their US portfolio. Moreover, Intrepid Capital Management Inc has 3.16% invested in the company for 502,830 shares. The New York-based Silver Capital Management Llc has invested 2.72% in the stock. Adirondack Research & Management Inc., a New York-based fund reported 217,374 shares.

Analysts await Greenhill & Co., Inc. (NYSE:GHL) to report earnings on July, 26. They expect $0.20 EPS, 0.00% or $0.00 from last year’s $0.2 per share. GHL’s profit will be $4.73M for 34.63 P/E if the $0.20 EPS becomes a reality. After $0.34 actual EPS reported by Greenhill & Co., Inc. for the previous quarter, Wall Street now forecasts -41.18% negative EPS growth.

Baytex Energy Corp., an oil and gas company, engages in the acquisition, development, and production of natural gas and crude oil in the Western Canadian Sedimentary Basin and Eagle Ford in the United States. The company has market cap of $809.50 million. The firm offers heavy oil, light oil, condensate, and natural gas liquids. It has a 86.05 P/E ratio. As of March 7, 2017, it had proved plus probable reserve of 406 million barrels of oil equivalent; and proved reserves of 253 million barrels of oil equivalent.

More recent Baytex Energy Corp. (NYSE:BTE) news were published by: Fool.com which released: “Why Baytex Energy Corp. Stock Is Sinking Today” on June 18, 2018. Also Globenewswire.com published the news titled: “Recent Analysis Shows EnLink Midstream Partners, LP, Bojangles’, China Mobile (Hong Kong), Baytex Energy, Ocean …” on May 31, 2018. Fool.ca‘s news article titled: “A Closer Look at What’s Taken Place in Commodities Markets This Year” with publication date: June 12, 2018 was also an interesting one.

Analysts await Baytex Energy Corp. (NYSE:BTE) to report earnings on August, 7. They expect $-0.09 earnings per share, down 400.00% or $0.12 from last year’s $0.03 per share. After $-0.21 actual earnings per share reported by Baytex Energy Corp. for the previous quarter, Wall Street now forecasts -57.14% EPS growth.

Greenhill & Co., Inc. (NYSE:GHL) Institutional Positions Chart

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