Jane Street Group LLC lowered its holdings in Bill Barrett Co. (NYSE:BBG) by 59.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,109 shares of the energy company’s stock after selling 46,044 shares during the period. Jane Street Group LLC’s holdings in Bill Barrett were worth $160,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Millennium Management LLC lifted its holdings in Bill Barrett by 175.1% in the fourth quarter. Millennium Management LLC now owns 2,425,230 shares of the energy company’s stock worth $12,441,000 after acquiring an additional 1,543,634 shares during the last quarter. Cushing Asset Management LP bought a new position in Bill Barrett in the fourth quarter worth about $1,026,000. Columbia Pacific Advisors LLC lifted its holdings in Bill Barrett by 14.0% in the fourth quarter. Columbia Pacific Advisors LLC now owns 409,256 shares of the energy company’s stock worth $2,099,000 after acquiring an additional 50,406 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in Bill Barrett by 29.6% in the fourth quarter. TIAA CREF Investment Management LLC now owns 2,034,689 shares of the energy company’s stock worth $10,438,000 after acquiring an additional 465,213 shares during the last quarter. Finally, Teachers Advisors LLC lifted its holdings in Bill Barrett by 27.4% in the fourth quarter. Teachers Advisors LLC now owns 467,068 shares of the energy company’s stock worth $2,396,000 after acquiring an additional 100,389 shares during the last quarter. 88.78% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on the stock. ValuEngine cut shares of Bill Barrett from a “sell” rating to a “strong sell” rating in a report 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 target price on the stock in a report 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 target price on the stock in a report on Monday, February 5th. Finally, SunTrust Banks assumed coverage on shares of Bill Barrett in a report on Friday, March 2nd. They issued a “buy” rating and a $7.00 target price on the stock. Two equities research 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’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $6.48.
BBG opened at $4.84 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 twelve month low of $2.66 and a twelve month high of $6.93.
Bill Barrett (NYSE:BBG) last released 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 company had revenue of $83.40 million for the quarter, compared to analysts’ expectations of $82.50 million. Bill Barrett had a negative return on equity of 5.27% and a negative net margin of 54.67%. The business’s revenue for the quarter was up 61.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.18) earnings per share. research analysts expect that Bill Barrett Co. will post 0.18 earnings per share for the current fiscal year.
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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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