Bill Barrett Corporation (NYSE:BBG)‘s stock had its “hold” rating restated by equities research analysts at KeyCorp in a research report issued to clients and investors on Monday, October 16th.
BBG has been the topic of several other reports. Zacks Investment Research upgraded shares of Bill Barrett Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. BMO Capital Markets set a $3.00 price target on shares of Bill Barrett Corporation and gave the company a “hold” rating in a research report on Saturday, August 12th. BidaskClub lowered shares of Bill Barrett Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. KLR Group reiterated a “buy” rating and issued a $8.00 price target (up from $7.00) on shares of Bill Barrett Corporation in a research report on Thursday, August 3rd. Finally, Seaport Global Securities lowered shares of Bill Barrett Corporation from a “neutral” rating to a “sell” rating and lowered their price target for the company from $6.00 to $1.50 in a research report on Wednesday, June 21st. 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’s stock. The company currently has an average rating of “Hold” and a consensus target price of $5.71.
Bill Barrett Corporation (NYSE:BBG) opened at 4.29 on Monday. Bill Barrett Corporation has a 1-year low of $2.66 and a 1-year high of $8.24. The company’s market cap is $321.24 million. The stock has a 50 day moving average price of $4.04 and a 200-day moving average price of $3.59.
Bill Barrett Corporation (NYSE:BBG) last issued its earnings results on Tuesday, August 1st. The energy company reported ($0.17) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.07. Bill Barrett Corporation had a negative net margin of 52.54% and a negative return on equity of 7.65%. The company had revenue of $51.07 million during the quarter, compared to analysts’ expectations of $53.57 million. During the same period last year, the company posted ($0.13) earnings per share. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts forecast that Bill Barrett Corporation will post ($0.72) EPS for the current year.
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In related news, CEO R Scot Woodall sold 10,000 shares of Bill Barrett Corporation stock in a transaction on Friday, October 6th. The shares were sold at an average price of $4.19, for a total transaction of $41,900.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.70% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in Bill Barrett Corporation by 40.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,214,771 shares of the energy company’s stock worth $19,079,000 after acquiring an additional 1,777,309 shares in the last quarter. Vanguard Group Inc. grew its holdings in Bill Barrett Corporation by 7.8% during the 1st quarter. Vanguard Group Inc. now owns 5,483,818 shares of the energy company’s stock worth $24,951,000 after acquiring an additional 397,849 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Bill Barrett Corporation by 12.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,312,279 shares of the energy company’s stock worth $16,309,000 after acquiring an additional 579,442 shares in the last quarter. State Street Corp grew its holdings in Bill Barrett Corporation by 62.2% during the 1st quarter. State Street Corp now owns 4,865,033 shares of the energy company’s stock worth $22,136,000 after acquiring an additional 1,865,747 shares in the last quarter. Finally, Divisar Capital Management LLC grew its holdings in Bill Barrett Corporation by 105.5% during the 2nd quarter. Divisar Capital Management LLC now owns 3,528,178 shares of the energy company’s stock worth $10,832,000 after acquiring an additional 1,811,339 shares in the last quarter. 90.73% of the stock is owned by institutional investors.
Bill Barrett Corporation Company Profile
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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