Bill Barrett Co. (NYSE:BBG) – Equities research analysts at KeyCorp decreased their FY2018 earnings per share (EPS) estimates for shares of Bill Barrett in a note issued to investors on Wednesday. KeyCorp analyst C. Stevens now anticipates that the energy company will post earnings per share of $0.18 for the year, down from their previous forecast of $0.20.
Several other analysts have also issued reports on BBG. Zacks Investment Research upgraded shares of Bill Barrett from a “hold” rating to a “buy” rating and set a $5.25 price target for the company in a research report on Monday. SunTrust Banks began coverage on shares of Bill Barrett in a research report on Friday, March 2nd. They set a “buy” rating and a $7.00 price target for the company. ValuEngine lowered shares of Bill Barrett from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Imperial Capital upgraded shares of Bill Barrett from an “in-line” rating to an “outperform” rating and set a $9.00 price target for the company in a research report on Monday, February 5th. Finally, Seaport Global Securities restated a “neutral” rating on shares of Bill Barrett in a research report on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. Bill Barrett currently has an average rating of “Hold” and an average target price of $6.48.
Bill Barrett (BBG) traded down $0.01 during midday trading on Friday, reaching $4.68. 269,683 shares of the company’s stock traded hands, compared to its average volume of 2,458,113. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 1.03. Bill Barrett has a twelve month low of $2.66 and a twelve month high of $6.93. The stock has a market capitalization of $514.23, a price-to-earnings ratio of -2.66 and a beta of 3.59.
Bill Barrett (NYSE:BBG) last posted its quarterly earnings results on Tuesday, February 27th. The energy company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.04. Bill Barrett had a negative net margin of 54.67% and a negative return on equity of 5.27%. The business had revenue of $83.40 million during the quarter, compared to analyst estimates of $82.50 million. During the same period in the prior year, the business posted ($0.18) earnings per share. The company’s revenue was up 61.6% on a year-over-year basis.
Several institutional investors have recently bought and sold shares of BBG. Sterling Investment Advisors Ltd. raised its stake in Bill Barrett by 100.0% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 20,000 shares of the energy company’s stock worth $103,000 after buying an additional 10,000 shares in the last quarter. Engineers Gate Manager LP bought a new position in Bill Barrett in the third quarter worth about $120,000. Teacher Retirement System of Texas bought a new position in Bill Barrett in the fourth quarter worth about $128,000. Jump Trading LLC bought a new position in Bill Barrett in the fourth quarter worth about $134,000. Finally, Fox Run Management L.L.C. bought a new position in Bill Barrett in the fourth quarter worth about $160,000. Institutional investors own 88.81% 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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