Seaport Global Securities Weighs in on Bill Barrett Co.’s FY2017 Earnings (BBG)

Bill Barrett Co. (NYSE:BBG) – Seaport Global Securities upped their FY2017 EPS estimates for Bill Barrett in a research report issued on Wednesday. Seaport Global Securities analyst M. Kelly now anticipates that the energy company will post earnings of ($0.40) per share for the year, up from their prior estimate of ($0.42). Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Bill Barrett’s Q1 2018 earnings at ($0.03) EPS and FY2018 earnings at $0.03 EPS.

Bill Barrett (NYSE:BBG) last posted its quarterly earnings results on Tuesday, October 31st. The energy company reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.12. The business had revenue of $67.87 million for the quarter, compared to the consensus estimate of $61.23 million. Bill Barrett had a negative return on equity of 7.59% and a negative net margin of 49.61%. The company’s quarterly revenue was up 34.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.10) EPS.

Several other analysts also recently weighed in on BBG. ValuEngine downgraded Bill Barrett from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. KeyCorp reiterated a “hold” rating on shares of Bill Barrett in a research note on Monday, October 16th. Imperial Capital assumed coverage on Bill Barrett in a research note on Thursday, September 28th. They set an “in-line” rating and a $5.00 price target on the stock. Stifel Nicolaus set a $7.00 price target on Bill Barrett and gave the company a “buy” rating in a research note on Thursday, October 5th. Finally, BMO Capital Markets set a $6.00 price target on Bill Barrett and gave the company a “hold” rating in a research note on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. Bill Barrett currently has an average rating of “Hold” and a consensus price target of $6.50.

Shares of Bill Barrett (BBG) opened at $5.33 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.78 and a current ratio of 2.78. The firm has a market capitalization of $406.59, a PE ratio of -3.33 and a beta of 3.59. Bill Barrett has a one year low of $2.66 and a one year high of $7.58.

In other news, CEO R Scot Woodall sold 10,000 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $4.64, for a total value of $46,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its holdings in Bill Barrett by 40.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,214,771 shares of the energy company’s stock worth $19,079,000 after purchasing an additional 1,777,309 shares during the period. JPMorgan Chase & Co. raised its holdings in Bill Barrett by 12.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,312,279 shares of the energy company’s stock worth $16,309,000 after purchasing an additional 579,442 shares during the period. Divisar Capital Management LLC raised its holdings in 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 worth $10,832,000 after purchasing an additional 1,811,339 shares during the period. Boston Partners raised its holdings in Bill Barrett by 27.7% in the 3rd quarter. Boston Partners now owns 1,592,617 shares of the energy company’s stock worth $6,833,000 after purchasing an additional 345,380 shares during the period. Finally, Royce & Associates LP raised its holdings in Bill Barrett by 1.6% in the 3rd quarter. Royce & Associates LP now owns 1,259,035 shares of the energy company’s stock worth $5,401,000 after purchasing an additional 20,000 shares during the period. 85.72% 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.

Earnings History and Estimates for Bill Barrett (NYSE:BBG)

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