Insider Selling: Bill Barrett Corporation (BBG) CEO Sells 10,000 Shares of Stock

Bill Barrett Corporation (NYSE:BBG) CEO R Scot Woodall sold 10,000 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $3.04, for a total transaction of $30,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Bill Barrett Corporation (NYSE:BBG) traded up 1.64% on Monday, reaching $3.09. 774,842 shares of the company’s stock traded hands. The firm’s market capitalization is $231.38 million. Bill Barrett Corporation has a 52 week low of $2.66 and a 52 week high of $8.24. The company’s 50-day moving average is $3.12 and its 200-day moving average is $3.70.

Bill Barrett Corporation (NYSE:BBG) last released its earnings results on Tuesday, August 1st. The energy company reported ($0.17) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.07. The firm had revenue of $51.07 million during the quarter, compared to analysts’ expectations of $53.57 million. Bill Barrett Corporation had a negative net margin of 52.54% and a negative return on equity of 7.65%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.13) EPS. Equities research analysts anticipate that Bill Barrett Corporation will post ($0.79) earnings per share for the current fiscal year.

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A number of equities analysts have recently commented on the stock. ValuEngine downgraded shares of Bill Barrett Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of Bill Barrett Corporation from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. BMO Capital Markets set a $3.00 target price on shares of Bill Barrett Corporation and gave the company a “hold” rating in a research note on Saturday, August 12th. BidaskClub downgraded shares of Bill Barrett Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Finally, KLR Group reissued a “buy” rating and issued a $8.00 target price (up previously from $7.00) on shares of Bill Barrett Corporation in a research note on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. Bill Barrett Corporation has an average rating of “Hold” and an average price target of $6.92.

A number of large investors have recently added to or reduced their stakes in BBG. BNP Paribas Arbitrage SA raised its stake in Bill Barrett Corporation by 129.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 34,359 shares of the energy company’s stock valued at $105,000 after purchasing an additional 19,385 shares during the last quarter. Cutler Group LP raised its stake in Bill Barrett Corporation by 3,046.7% during the 2nd quarter. Cutler Group LP now owns 37,760 shares of the energy company’s stock valued at $115,000 after purchasing an additional 36,560 shares during the last quarter. UBS Group AG raised its stake in Bill Barrett Corporation by 50.2% during the 1st quarter. UBS Group AG now owns 26,186 shares of the energy company’s stock valued at $119,000 after purchasing an additional 8,750 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in Bill Barrett Corporation by 79.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 26,800 shares of the energy company’s stock valued at $122,000 after purchasing an additional 11,900 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in Bill Barrett Corporation by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 39,760 shares of the energy company’s stock valued at $122,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

About Bill Barrett Corporation

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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