Bill Barrett Co. (NYSE:BBG) was the recipient of a large decline in short interest in January. As of January 12th, there was short interest totalling 4,396,002 shares, a decline of 44.5% from the December 29th total of 7,913,916 shares. Approximately 4.6% of the company’s stock are short sold. Based on an average trading volume of 2,588,135 shares, the short-interest ratio is currently 1.7 days.
BBG has been the topic of several recent research reports. ValuEngine lowered Bill Barrett from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Scotiabank reissued a “buy” rating and set a $10.00 price target on shares of Bill Barrett in a research report on Wednesday, November 1st. Imperial Capital raised Bill Barrett from an “in-line” rating to an “outperform” rating and set a $8.00 target price on the stock in a research report on Thursday, November 2nd. Barclays upped their target price on Bill Barrett from $4.00 to $7.00 and gave the company an “equal weight” rating in a research report on Monday, November 20th. Finally, BMO Capital Markets set a $6.00 target price on Bill Barrett and gave the company a “hold” rating in a research report on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. Bill Barrett currently has an average rating of “Hold” and an average target price of $6.63.
Shares of Bill Barrett (NYSE:BBG) opened at $5.44 on Thursday. Bill Barrett has a twelve month low of $2.66 and a twelve month high of $6.93. 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 firm has a market capitalization of $541.27, a P/E ratio of -3.40 and a beta of 3.65.
In related news, CEO R Scot Woodall sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $4.64, for a total transaction of $46,400.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.70% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of BBG. Sterling Investment Advisors Ltd. increased its holdings in shares of Bill Barrett by 100.0% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 20,000 shares of the energy company’s stock valued at $103,000 after acquiring an additional 10,000 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of Bill Barrett in the 3rd quarter valued at approximately $120,000. Teacher Retirement System of Texas bought a new stake in shares of Bill Barrett in the 4th quarter valued at approximately $128,000. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Bill Barrett in the 2nd quarter valued at approximately $148,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Bill Barrett in the 4th quarter valued at approximately $160,000. Institutional investors and hedge funds own 91.01% of the company’s stock.
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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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