Bill Barrett Co. (NYSE:BBG) – Analysts at Seaport Global Securities increased their FY2017 earnings per share (EPS) estimates for shares of Bill Barrett in a research note issued to investors on Wednesday, according to Zacks Investment Research. Seaport Global Securities analyst M. Kelly now expects that the energy company will earn ($0.40) per share for the year, up from their previous forecast of ($0.42). Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Bill Barrett’s Q1 2018 earnings at ($0.03) EPS and FY2018 earnings at $0.03 EPS.
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 Zacks’ 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 company had revenue of $67.87 million during the quarter, compared to the consensus estimate of $61.23 million. During the same period in the prior year, the business posted ($0.10) EPS. The company’s quarterly revenue was up 34.4% on a year-over-year basis.
A number of other research firms also recently commented on BBG. Barclays increased their price objective on shares of Bill Barrett from $4.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Monday, November 20th. BMO Capital Markets set a $6.00 target price on shares of Bill Barrett and gave the company a “hold” rating in a research note on Tuesday, November 14th. ValuEngine downgraded shares of Bill Barrett from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. Imperial Capital upgraded shares of Bill Barrett from an “in-line” rating to an “outperform” rating and set a $8.00 target price for the company in a research note on Thursday, November 2nd. Finally, Scotiabank reiterated a “buy” rating and issued a $10.00 target price on shares of Bill Barrett in a research note on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $6.50.
Bill Barrett (NYSE BBG) opened at $5.17 on Friday. Bill Barrett has a one year low of $2.66 and a one year high of $7.58. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.78 and a current ratio of 2.78. The company has a market cap of $408.16, a PE ratio of -3.21 and a beta of 3.60.
A number of hedge funds have recently modified their holdings of the business. Arizona State Retirement System lifted its position 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 worth $122,000 after acquiring an additional 300 shares during the last quarter. Stevens Capital Management LP lifted its position in Bill Barrett by 1.3% during the second quarter. Stevens Capital Management LP now owns 107,077 shares of the energy company’s stock worth $329,000 after acquiring an additional 1,411 shares during the last quarter. National Asset Management Inc. lifted its position in Bill Barrett by 4.9% during the second quarter. National Asset Management Inc. now owns 64,500 shares of the energy company’s stock worth $199,000 after acquiring an additional 3,000 shares during the last quarter. Victory Capital Management Inc. lifted its position in Bill Barrett by 4.8% during the second quarter. Victory Capital Management Inc. now owns 162,345 shares of the energy company’s stock worth $498,000 after acquiring an additional 7,410 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in Bill Barrett by 1.4% during the second quarter. Principal Financial Group Inc. now owns 593,877 shares of the energy company’s stock worth $1,824,000 after acquiring an additional 8,140 shares during the last quarter. Hedge funds and other institutional investors own 85.71% of the company’s stock.
In other Bill Barrett news, CEO R Scot Woodall sold 10,000 shares of the firm’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.70% of the company’s stock.
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About Bill Barrett
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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