KeyCorp Reiterates “Hold” Rating for Bill Barrett Corporation (BBG)

Bill Barrett Corporation (NYSE:BBG)‘s stock had its “hold” rating reaffirmed by equities research analysts at KeyCorp in a research note issued on Tuesday.

BBG has been the topic of several other reports. Zacks Investment Research raised shares of Bill Barrett Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. BidaskClub downgraded shares of Bill Barrett Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. BMO Capital Markets set a $2.00 target price on shares of Bill Barrett Corporation and gave the stock a “hold” rating in a research note on Monday, June 26th. Seaport Global Securities downgraded shares of Bill Barrett Corporation from a “neutral” rating to a “sell” rating and cut their target price for the stock from $6.00 to $1.50 in a research note on Wednesday, June 21st. Finally, KLR Group reissued a “buy” rating and issued a $8.00 price objective (up from $7.00) on shares of Bill Barrett Corporation in a research report on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. Bill Barrett Corporation presently has a consensus rating of “Hold” and an average price target of $6.92.

Bill Barrett Corporation (NYSE BBG) traded up 1.62% during trading on Tuesday, hitting $3.14. 1,102,779 shares of the stock were exchanged. The stock’s 50 day moving average price is $3.12 and its 200 day moving average price is $3.70. The stock’s market cap is $235.13 million. Bill Barrett Corporation has a 12 month low of $2.66 and a 12 month high of $8.24.

Bill Barrett Corporation (NYSE:BBG) last announced its earnings results on Tuesday, August 1st. The energy company reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.07. Bill Barrett Corporation had a negative net margin of 52.54% and a negative return on equity of 7.65%. The firm had revenue of $51.07 million for the quarter, compared to the consensus estimate of $53.57 million. During the same period in the prior year, the firm earned ($0.13) EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. Analysts forecast that Bill Barrett Corporation will post ($0.79) EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “KeyCorp Reiterates “Hold” Rating for Bill Barrett Corporation (BBG)” was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this story on another domain, it was stolen and republished in violation of United States & international copyright & trademark laws. The correct version of this story can be accessed at https://sportsperspectives.com/2017/09/12/keycorp-reiterates-hold-rating-for-bill-barrett-corporation-bbg.html.

In other news, CEO R Scot Woodall sold 10,000 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $3.04, for a total value of $30,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.70% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Phocas Financial Corp. acquired a new position in shares of Bill Barrett Corporation in the 2nd quarter valued at $171,000. Wasatch Advisors Inc. boosted its holdings in shares of Bill Barrett Corporation by 15.3% in the 2nd quarter. Wasatch Advisors Inc. now owns 797,863 shares of the energy company’s stock valued at $2,449,000 after buying an additional 105,834 shares in the last quarter. National Asset Management Inc. boosted its holdings in shares of Bill Barrett Corporation by 4.9% in the 2nd quarter. National Asset Management Inc. now owns 64,500 shares of the energy company’s stock valued at $199,000 after buying an additional 3,000 shares in the last quarter. California State Teachers Retirement System boosted its holdings in shares of Bill Barrett Corporation by 10.1% in the 2nd 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 in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Bill Barrett Corporation by 64.3% in the 2nd 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 in the last quarter. Institutional investors and hedge funds 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.

Analyst Recommendations for Bill Barrett Corporation (NYSE:BBG)

Receive News & Ratings for Bill Barrett Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bill Barrett Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply