Seaport Global Securities restated their neutral rating on shares of Bill Barrett (NYSE:BBG) in a research note published on Tuesday, December 19th. Seaport Global Securities also issued estimates for Bill Barrett’s Q4 2017 earnings at ($0.01) EPS, FY2017 earnings at ($0.42) EPS, Q1 2018 earnings at ($0.04) EPS, Q2 2018 earnings at $0.01 EPS, Q3 2018 earnings at $0.02 EPS, Q4 2018 earnings at $0.02 EPS and FY2018 earnings at $0.01 EPS.
Other equities research analysts have also issued research reports about the stock. ValuEngine raised shares of Bill Barrett from a strong sell rating to a sell rating in a research note on Tuesday, October 31st. KeyCorp reiterated a hold rating on shares of Bill Barrett in a research note on Tuesday, September 12th. Zacks Investment Research upgraded shares of Bill Barrett from a hold rating to a buy rating and set a $5.00 target price on the stock in a research note on Tuesday, October 3rd. Barclays dropped their target price on shares of Bill Barrett from $7.00 to $6.00 and set an equal weight rating on the stock in a research note on Tuesday, December 12th. Finally, Imperial Capital began coverage on shares of Bill Barrett in a research note on Thursday, September 28th. They issued an in-line rating and a $5.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $6.50.
Bill Barrett (NYSE:BBG) traded down $0.07 during trading hours on Tuesday, reaching $5.26. 2,275,020 shares of the company traded hands, compared to its average volume of 2,849,620. Bill Barrett has a 1-year low of $2.66 and a 1-year high of $7.58. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.78 and a quick ratio of 2.78. The company has a market capitalization of $406.64, a price-to-earnings ratio of -3.27 and a beta of 3.60.
Bill Barrett (NYSE:BBG) last posted its quarterly earnings data on Tuesday, October 31st. The energy company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.12. Bill Barrett had a negative net margin of 49.61% and a negative return on equity of 7.59%. The business had revenue of $67.87 million for the quarter, compared to analyst estimates of $61.23 million. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. Bill Barrett’s quarterly revenue was up 34.4% on a year-over-year basis. analysts anticipate that Bill Barrett will post -0.43 earnings per share for the current year.
In other news, CEO R Scot Woodall sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $4.64, for a total transaction of $46,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its holdings in shares of Bill Barrett by 129.5% during the second quarter. BNP Paribas Arbitrage SA now owns 34,359 shares of the energy company’s stock valued at $105,000 after purchasing an additional 19,385 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in Bill Barrett during the third quarter valued at approximately $120,000. Arizona State Retirement System increased its holdings in Bill Barrett by 0.8% during 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 during the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new stake in Bill Barrett during the second quarter valued at approximately $148,000. Finally, Green Square Capital LLC increased its holdings in Bill Barrett by 46.7% during the second quarter. Green Square Capital LLC now owns 55,000 shares of the energy company’s stock valued at $169,000 after buying an additional 17,500 shares during the last quarter. 85.72% of the stock is owned by hedge funds and other institutional investors.
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Bill Barrett 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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