Arrowstreet Capital Limited Partnership acquired a new stake in Bill Barrett Co. (NYSE:BBG) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 43,200 shares of the energy company’s stock, valued at approximately $222,000. Arrowstreet Capital Limited Partnership owned about 0.06% of Bill Barrett at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of BBG. Sterling Investment Advisors Ltd. lifted 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 purchasing an additional 10,000 shares during the last quarter. Engineers Gate Manager LP bought a new position in Bill Barrett in the 3rd quarter valued at approximately $120,000. Teacher Retirement System of Texas bought a new position in Bill Barrett in the 4th quarter valued at approximately $128,000. Fox Run Management L.L.C. bought a new position in Bill Barrett in the 4th quarter valued at approximately $160,000. Finally, Highbridge Capital Management LLC bought a new position in Bill Barrett in the 3rd quarter valued at approximately $181,000. 88.78% of the stock is owned by institutional investors and hedge funds.
Shares of BBG traded up $0.02 during trading hours on Friday, hitting $4.84. 2,512,470 shares of the stock were exchanged, compared to its average volume of 2,583,838. Bill Barrett Co. has a fifty-two week low of $2.66 and a fifty-two week high of $6.93. 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 (NYSE:BBG) last posted its quarterly earnings data on Tuesday, February 27th. The energy company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $83.40 million during the quarter, compared to analysts’ expectations of $82.50 million. During the same period in the prior year, the company posted ($0.18) earnings per share. Bill Barrett’s revenue for the quarter was up 61.6% compared to the same quarter last year. analysts forecast that Bill Barrett Co. will post 0.18 EPS for the current year.
Several equities analysts recently commented on BBG shares. SunTrust Banks started coverage on shares of Bill Barrett in a research note on Friday, March 2nd. They issued a “buy” rating and a $7.00 price objective for the company. Imperial Capital raised 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 note on Monday, February 5th. Zacks Investment Research downgraded shares of Bill Barrett from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. ValuEngine downgraded shares of Bill Barrett from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 12th. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Bill Barrett in a research note on Tuesday, December 19th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus 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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