Wasatch Advisors Inc. Buys 105,834 Shares of Bill Barrett Corporation (BBG)

Wasatch Advisors Inc. lifted its holdings in Bill Barrett Corporation (NYSE:BBG) by 15.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 797,863 shares of the energy company’s stock after purchasing an additional 105,834 shares during the quarter. Wasatch Advisors Inc. owned 1.07% of Bill Barrett Corporation worth $2,449,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Credit Suisse AG lifted its position in shares of Bill Barrett Corporation by 32.0% during the first quarter. Credit Suisse AG now owns 125,073 shares of the energy company’s stock worth $569,000 after purchasing an additional 30,293 shares during the last quarter. GRT Capital Partners L.L.C. lifted its position in shares of Bill Barrett Corporation by 17.2% during the second quarter. GRT Capital Partners L.L.C. now owns 625,093 shares of the energy company’s stock worth $1,919,000 after purchasing an additional 91,859 shares during the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of Bill Barrett Corporation by 128.3% during the first quarter. TIAA CREF Investment Management LLC now owns 1,064,618 shares of the energy company’s stock worth $4,844,000 after purchasing an additional 598,376 shares during the last quarter. Texas Permanent School Fund lifted its position in shares of Bill Barrett Corporation by 1.6% during the second quarter. Texas Permanent School Fund now owns 55,704 shares of the energy company’s stock worth $171,000 after purchasing an additional 882 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Bill Barrett Corporation by 260.4% during the first quarter. Wells Fargo & Company MN now owns 127,743 shares of the energy company’s stock worth $581,000 after purchasing an additional 92,296 shares during the last quarter. 90.73% of the stock is owned by hedge funds and other institutional investors.

BBG has been the subject of several research analyst reports. ValuEngine downgraded Bill Barrett Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded Bill Barrett Corporation from a “hold” rating to a “buy” rating and set a $3.50 target price for the company in a research report on Wednesday, July 12th. BMO Capital Markets set a $4.00 price target on Bill Barrett Corporation and gave the company a “hold” rating in a research note on Tuesday, October 10th. Stifel Nicolaus set a $7.00 price target on Bill Barrett Corporation and gave the company a “buy” rating in a research note on Thursday, October 5th. Finally, KeyCorp restated a “hold” rating on shares of Bill Barrett Corporation in a research note on Monday, October 16th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $5.71.

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Bill Barrett Corporation (NYSE BBG) traded up 1.981% during trading on Friday, reaching $4.375. The company’s stock had a trading volume of 332,736 shares. The stock has a 50 day moving average price of $4.04 and a 200 day moving average price of $3.59. The stock’s market capitalization is $327.60 million. Bill Barrett Corporation has a 1-year low of $2.66 and a 1-year high of $8.24.

Bill Barrett Corporation (NYSE:BBG) last issued its quarterly earnings data on Tuesday, August 1st. The energy company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.07. Bill Barrett Corporation had a negative return on equity of 7.65% and a negative net margin of 52.54%. The business had revenue of $51.07 million during the quarter, compared to analyst estimates of $53.57 million. During the same period in the prior year, the company posted ($0.13) EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. Analysts anticipate that Bill Barrett Corporation will post ($0.72) earnings per share for the current fiscal year.

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 value of $41,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.70% of the company’s stock.

Bill Barrett Corporation 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.

Institutional Ownership by Quarter for Bill Barrett Corporation (NYSE:BBG)

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