Bill Barrett (BBG) Shares Down 0.8%

Bill Barrett Co. (NYSE:BBG) traded down 0.8% on Thursday . The company traded as low as $4.97 and last traded at $4.96. 1,308,881 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 2,438,593 shares. The stock had previously closed at $5.00.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Bill Barrett from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. ValuEngine lowered Bill Barrett from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Imperial Capital upgraded Bill Barrett from an “in-line” rating to an “outperform” rating and set a $8.00 price target on the stock in a research report on Thursday, November 2nd. KeyCorp restated a “hold” rating on shares of Bill Barrett in a research report on Monday, October 16th. Finally, Barclays dropped their price target on Bill Barrett from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 12th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $6.63.

The company has a current ratio of 2.78, a quick ratio of 2.78 and a debt-to-equity ratio of 1.30. The stock has a market cap of $373.07, a PE ratio of -3.04 and a beta of 3.65.

In related news, CEO R Scot Woodall sold 10,000 shares of Bill Barrett stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $4.64, for a total transaction of $46,400.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.70% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Monashee Investment Management LLC bought a new stake in Bill Barrett in the fourth quarter worth $1,898,000. Arrowstreet Capital Limited Partnership bought a new stake in Bill Barrett in the fourth quarter worth $222,000. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Bill Barrett by 1,843.0% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 180,581 shares of the energy company’s stock worth $926,000 after acquiring an additional 171,287 shares in the last quarter. Virtu Financial LLC boosted its holdings in Bill Barrett by 707.6% in the fourth quarter. Virtu Financial LLC now owns 220,927 shares of the energy company’s stock worth $1,133,000 after acquiring an additional 193,572 shares in the last quarter. Finally, Royce & Associates LP boosted its holdings in Bill Barrett by 11.2% in the fourth quarter. Royce & Associates LP now owns 1,399,535 shares of the energy company’s stock worth $7,180,000 after acquiring an additional 140,500 shares in the last quarter. 85.49% of the stock is currently owned by institutional investors and hedge funds.

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About Bill Barrett

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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