Bill Barrett Corporation (NYSE:BBG) had its target price upped by Barclays PLC from $4.00 to $7.00 in a report released on Monday morning. Barclays PLC currently has an equal weight rating on the energy company’s stock.
Other analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Bill Barrett Corporation from a sell rating to a hold rating in a research report on Monday, July 24th. ValuEngine upgraded Bill Barrett Corporation from a strong sell rating to a sell rating in a research report on Tuesday, October 31st. BMO Capital Markets set a $3.00 target price on Bill Barrett Corporation and gave the stock a hold rating in a research report on Saturday, August 12th. BidaskClub cut Bill Barrett Corporation from a sell rating to a strong sell rating in a research report on Friday, August 11th. Finally, KLR Group reiterated a buy rating and set a $8.00 target price (up previously 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, six have given a hold rating and seven have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of $6.58.
Bill Barrett Corporation (BBG) opened at $5.68 on Monday. The company has a current ratio of 2.78, a quick ratio of 2.78 and a debt-to-equity ratio of 1.30. 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 posted its quarterly earnings data on Tuesday, October 31st. The energy company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.12. Bill Barrett Corporation had a negative return on equity of 7.59% and a negative net margin of 49.61%. The firm had revenue of $67.87 million for the quarter, compared to the consensus estimate of $61.23 million. During the same quarter last year, the company earned ($0.10) earnings per share. The business’s revenue for the quarter was up 34.4% compared to the same quarter last year. analysts predict that Bill Barrett Corporation will post -0.48 EPS for the current year.
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In related news, CEO R Scot Woodall sold 10,000 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $6.42, for a total transaction of $64,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 30,000 shares of company stock valued at $136,500 in the last quarter. 2.70% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BBG. Dimensional Fund Advisors LP grew its holdings in Bill Barrett Corporation by 149.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,437,462 shares of the energy company’s stock valued at $20,190,000 after buying an additional 2,659,443 shares in the last quarter. State Street Corp grew its holdings in Bill Barrett Corporation by 62.2% during the 1st quarter. State Street Corp now owns 4,865,033 shares of the energy company’s stock valued at $22,136,000 after buying an additional 1,865,747 shares in the last quarter. Divisar Capital Management LLC grew its holdings in Bill Barrett Corporation by 105.5% during the 2nd quarter. Divisar Capital Management LLC now owns 3,528,178 shares of the energy company’s stock valued at $10,832,000 after buying an additional 1,811,339 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Bill Barrett Corporation by 12.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,312,279 shares of the energy company’s stock valued at $16,309,000 after buying an additional 579,442 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Bill Barrett Corporation by 7.8% during the 1st quarter. Vanguard Group Inc. now owns 5,483,818 shares of the energy company’s stock valued at $24,951,000 after buying an additional 397,849 shares in the last quarter. Institutional investors and hedge funds own 88.08% of the company’s stock.
Bill Barrett Corporation Company 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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