Bill Barrett Co. (NYSE:BBG) – Investment analysts at KeyCorp cut their FY2018 earnings estimates for Bill Barrett in a research report issued on Wednesday, March 14th, Zacks Investment Research reports. KeyCorp analyst C. Stevens now expects 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 research firms have also recently issued reports on BBG. ValuEngine cut shares of Bill Barrett from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Imperial Capital raised shares of Bill Barrett from an “in-line” rating to an “outperform” rating and set a $9.00 price target on the stock in a research note on Monday, February 5th. Zacks Investment Research raised shares of Bill Barrett from a “hold” rating to a “buy” rating and set a $5.75 price target on the stock in a research note on Monday, February 5th. 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 report on Tuesday, December 12th. Finally, Seaport Global Securities reissued a “neutral” rating on shares of Bill Barrett in a research report on Tuesday, December 19th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $6.48.
Shares of Bill Barrett stock traded up $0.02 during mid-day trading 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 has a twelve month low of $2.66 and a twelve month high of $6.93. 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 (NYSE:BBG) last issued its quarterly earnings data on Tuesday, February 27th. The energy company reported $0.01 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $83.40 million for the quarter, compared to analysts’ expectations of $82.50 million. During the same period in the prior year, the company earned ($0.18) EPS. The firm’s revenue was up 61.6% on a year-over-year basis.
Several institutional investors and hedge funds have recently added to or reduced their stakes in BBG. Northern Trust Corp boosted its position in shares of Bill Barrett by 18.6% in the second quarter. Northern Trust Corp now owns 902,822 shares of the energy company’s stock worth $2,772,000 after acquiring an additional 141,490 shares during the last quarter. Voya Investment Management LLC raised its holdings in Bill Barrett by 69.1% in the second quarter. Voya Investment Management LLC now owns 92,724 shares of the energy company’s stock valued at $285,000 after buying an additional 37,878 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Bill Barrett by 64.3% in the second quarter. The Manufacturers Life Insurance Company now owns 67,680 shares of the energy company’s stock valued at $208,000 after buying an additional 26,486 shares during the period. California State Teachers Retirement System raised its holdings in Bill Barrett by 10.1% in the second quarter. California State Teachers Retirement System now owns 133,705 shares of the energy company’s stock valued at $410,000 after buying an additional 12,300 shares during the period. Finally, Canada Pension Plan Investment Board raised its holdings in Bill Barrett by 8.5% in the third quarter. Canada Pension Plan Investment Board now owns 354,600 shares of the energy company’s stock valued at $1,521,000 after buying an additional 27,800 shares during the period. 88.78% of the stock is currently owned by institutional investors and hedge funds.
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About Bill Barrett
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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