Bill Barrett Co. (NYSE:BBG) – Stock analysts at Seaport Global Securities issued their Q1 2019 earnings estimates for shares of Bill Barrett in a research report issued on Thursday. Seaport Global Securities analyst M. Kelly anticipates that the energy company will earn $0.09 per share for the quarter. Seaport Global Securities currently has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Bill Barrett’s Q2 2019 earnings at $0.11 EPS, Q3 2019 earnings at $0.12 EPS and Q4 2019 earnings at $0.13 EPS.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Bill Barrett from a “hold” rating to a “buy” rating and set a $5.75 price objective for the company in a report on Monday, February 5th. SunTrust Banks began coverage on shares of Bill Barrett in a report on Friday, March 2nd. They issued a “buy” rating and a $7.00 price objective for the company. Barclays decreased 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. Imperial Capital raised shares of Bill Barrett from an “in-line” rating to an “outperform” rating and set a $9.00 target price on the stock in a research note on Monday, February 5th. Finally, ValuEngine downgraded shares of Bill Barrett from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $6.48.
Shares of Bill Barrett stock traded up $0.02 on Monday, hitting $4.84. 2,515,500 shares of the stock were exchanged, compared to its average volume of 2,583,838. The company has a market cap of $531.88, a price-to-earnings ratio of -2.75 and a beta of 3.59. 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 1 year low of $2.66 and a 1 year high of $6.93.
Bill Barrett (NYSE:BBG) last announced its quarterly earnings data on Tuesday, February 27th. The energy company reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.04. The firm had revenue of $83.40 million during 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 quarterly revenue was up 61.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.18) EPS.
Several hedge funds and other institutional investors have recently modified their holdings of BBG. Sterling Investment Advisors Ltd. increased its position in Bill Barrett by 100.0% during the 4th quarter. Sterling Investment Advisors Ltd. now owns 20,000 shares of the energy company’s stock valued at $103,000 after purchasing an additional 10,000 shares during the period. Engineers Gate Manager LP purchased a new stake in shares of Bill Barrett in the 3rd quarter worth about $120,000. Teacher Retirement System of Texas purchased a new stake in shares of Bill Barrett in the 4th quarter worth about $128,000. Jump Trading LLC purchased a new stake in shares of Bill Barrett in the 4th quarter worth about $134,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Bill Barrett in the 4th quarter worth about $160,000. 88.78% of the stock is currently owned by 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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