Divisar Capital Management LLC lifted its holdings in shares of Bill Barrett Co. (NYSE:BBG) by 28.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,056,182 shares of the energy company’s stock after purchasing an additional 893,733 shares during the quarter. Bill Barrett makes up about 7.6% of Divisar Capital Management LLC’s holdings, making the stock its 2nd biggest position. Divisar Capital Management LLC owned approximately 5.32% of Bill Barrett worth $20,808,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Sterling Investment Advisors Ltd. grew its stake in 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 buying an additional 10,000 shares during the last quarter. Engineers Gate Manager LP bought a new stake in Bill Barrett in the 3rd quarter valued at $120,000. Teacher Retirement System of Texas bought a new stake in Bill Barrett in the 4th quarter valued at $128,000. Fox Run Management L.L.C. bought a new stake in Bill Barrett in the 4th quarter valued at $160,000. Finally, Highbridge Capital Management LLC bought a new stake in Bill Barrett in the 3rd quarter valued at $181,000. Institutional investors own 88.81% of the company’s stock.
Bill Barrett Co. (BBG) opened at $4.69 on Friday. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 1.03. Bill Barrett Co. has a one year low of $2.66 and a one year high of $6.93.
Bill Barrett (NYSE:BBG) last announced its quarterly earnings results on Tuesday, February 27th. The energy company reported $0.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.04. The firm had revenue of $83.40 million for the quarter, compared to analyst estimates of $82.50 million. Bill Barrett had a negative net margin of 54.67% and a negative return on equity of 5.27%. The business’s revenue was up 61.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.18) earnings per share. equities analysts forecast that Bill Barrett Co. will post 0.17 EPS for the current year.
A number of analysts have weighed in on BBG shares. ValuEngine downgraded shares of Bill Barrett from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st. SunTrust Banks started coverage on shares of Bill Barrett in a report on Friday, March 2nd. They set a “buy” rating and a $7.00 price objective for the company. Barclays raised their price objective on shares of Bill Barrett from $4.00 to $7.00 and gave the stock an “equal weight” rating in a report on Monday, November 20th. Zacks Investment Research raised shares of Bill Barrett from a “hold” rating to a “buy” rating and set a $5.25 price objective for the company in a report on Monday. Finally, Seaport Global Securities reissued a “neutral” rating on shares of Bill Barrett in a report on Tuesday, December 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. Bill Barrett currently has a consensus rating of “Hold” and an average price target of $6.48.
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Bill Barrett 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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