Bill Barrett Co. (BBG) CEO Sells $46,400.00 in Stock

Bill Barrett Co. (NYSE:BBG) CEO R Scot Woodall sold 10,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $4.64, for a total value of $46,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

R Scot Woodall also recently made the following trade(s):

  • On Friday, November 10th, R Scot Woodall sold 10,000 shares of Bill Barrett stock. The stock was sold at an average price of $6.42, for a total value of $64,200.00.
  • On Friday, October 6th, R Scot Woodall sold 10,000 shares of Bill Barrett stock. The stock was sold at an average price of $4.19, for a total value of $41,900.00.

Shares of Bill Barrett Co. (NYSE:BBG) traded down $0.09 on Monday, reaching $4.51. The company’s stock had a trading volume of 5,878,000 shares, compared to its average volume of 1,947,062. Bill Barrett Co. has a 12 month low of $2.66 and a 12 month high of $7.70. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 1.30.

Bill Barrett (NYSE:BBG) last issued its quarterly earnings results on Tuesday, October 31st. The energy company reported ($0.08) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.12. Bill Barrett had a negative return on equity of 7.59% and a negative net margin of 49.61%. The company had revenue of $67.87 million during the quarter, compared to analysts’ expectations of $61.23 million. During the same quarter in the previous year, the firm posted ($0.10) EPS. The firm’s revenue was up 34.4% compared to the same quarter last year. equities research analysts expect that Bill Barrett Co. will post -0.44 earnings per share for the current year.

BBG has been the subject of a number of recent analyst reports. ValuEngine cut Bill Barrett from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Scotiabank reissued a “buy” rating and issued a $10.00 price objective on shares of Bill Barrett in a research report on Wednesday, November 1st. Imperial Capital raised Bill Barrett from an “in-line” rating to an “outperform” rating and set a $8.00 price objective for the company in a research report on Thursday, November 2nd. Barclays raised their price objective on Bill Barrett from $4.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Monday, November 20th. Finally, BMO Capital Markets set a $6.00 price objective on Bill Barrett and gave the stock a “hold” rating in a research report on Tuesday, November 14th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $6.50.

Institutional investors and hedge funds have recently modified their holdings of the business. Divisar Capital Management LLC increased its stake in shares of Bill Barrett by 105.5% in 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 purchasing an additional 1,811,339 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Bill Barrett by 40.1% in the second quarter. Dimensional Fund Advisors LP now owns 6,214,771 shares of the energy company’s stock valued at $19,079,000 after purchasing an additional 1,777,309 shares during the period. JPMorgan Chase & Co. lifted its position in Bill Barrett by 12.2% in the second quarter. JPMorgan Chase & Co. now owns 5,312,279 shares of the energy company’s stock valued at $16,309,000 after purchasing an additional 579,442 shares during the period. Vanguard Group Inc. lifted its position in Bill Barrett by 7.8% in the first quarter. Vanguard Group Inc. now owns 5,483,818 shares of the energy company’s stock valued at $24,951,000 after purchasing an additional 397,849 shares during the period. Finally, Thrivent Financial For Lutherans lifted its position in Bill Barrett by 808.9% in the second quarter. Thrivent Financial For Lutherans now owns 396,096 shares of the energy company’s stock valued at $1,216,000 after purchasing an additional 352,516 shares during the period. 85.77% of the stock is owned by institutional investors.

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Bill Barrett 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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