BlueCrest Capital Management Ltd bought a new stake in Bill Barrett Corporation (NYSE:BBG) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 92,526 shares of the energy company’s stock, valued at approximately $284,000. BlueCrest Capital Management Ltd owned 0.12% of Bill Barrett Corporation at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. BNP Paribas Arbitrage SA increased its holdings in Bill Barrett Corporation by 129.5% in the second quarter. BNP Paribas Arbitrage SA now owns 34,359 shares of the energy company’s stock worth $105,000 after buying an additional 19,385 shares during the last quarter. Cutler Group LP increased its holdings in Bill Barrett Corporation by 3,046.7% in the second quarter. Cutler Group LP now owns 37,760 shares of the energy company’s stock worth $115,000 after buying an additional 36,560 shares during the last quarter. UBS Group AG increased its holdings in Bill Barrett Corporation by 50.2% in the first quarter. UBS Group AG now owns 26,186 shares of the energy company’s stock worth $119,000 after buying an additional 8,750 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Bill Barrett Corporation by 79.9% in the first quarter. UBS Asset Management Americas Inc. now owns 26,800 shares of the energy company’s stock valued at $122,000 after buying an additional 11,900 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in shares of Bill Barrett Corporation by 0.8% in the second quarter. Arizona State Retirement System now owns 39,760 shares of the energy company’s stock valued at $122,000 after buying an additional 300 shares in the last quarter. Institutional investors own 90.75% of the company’s stock.
In related news, CEO R Scot Woodall sold 10,000 shares of the stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $4.19, for a total transaction of $41,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.70% of the company’s stock.
Shares of Bill Barrett Corporation (BBG) opened at 4.49 on Thursday. The company has a 50-day moving average price of $3.86 and a 200 day moving average price of $3.59. Bill Barrett Corporation has a 1-year low of $2.66 and a 1-year high of $8.24. The company’s market capitalization is $336.22 million.
Bill Barrett Corporation (NYSE:BBG) last issued its quarterly earnings results on Tuesday, August 1st. The energy company reported ($0.17) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.07. The company had revenue of $51.07 million during the quarter, compared to the consensus estimate of $53.57 million. Bill Barrett Corporation had a negative return on equity of 7.65% and a negative net margin of 52.54%. Bill Barrett Corporation’s revenue was up 8.0% on a year-over-year basis. During the same period last year, the business posted ($0.13) earnings per share. Equities research analysts anticipate that Bill Barrett Corporation will post ($0.74) EPS for the current year.
Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Bill Barrett Corporation from a “sell” rating to a “hold” rating in a report on Monday, August 14th. BMO Capital Markets set a $3.00 price objective on Bill Barrett Corporation and gave the company a “hold” rating in a report on Saturday, August 12th. Imperial Capital assumed coverage on Bill Barrett Corporation in a research report on Thursday, September 28th. They issued an “in-line” rating and a $5.00 target price on the stock. KeyCorp reissued a “hold” rating on shares of Bill Barrett Corporation in a research report on Tuesday, September 12th. Finally, KLR Group reaffirmed a “buy” rating and set a $8.00 price target (up previously from $7.00) on shares of Bill Barrett Corporation in a research report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. Bill Barrett Corporation has an average rating of “Hold” and an average target price of $5.71.
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About Bill Barrett Corporation
Bill Barrett Corporation is an independent energy company that develops, acquires and explores for oil and natural gas resources. The Company’s assets and operations are located in the Rocky Mountain region of the United States. It has over two areas of production: The Denver-Julesburg Basin (DJ Basin) and the Uinta Oil Program in the Uinta Basin.
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