Bill Barrett (NYSE:BBG) had its price objective lifted by investment analysts at Barclays from $4.00 to $7.00 in a report released on Monday, November 20th. The firm currently has an “equal weight” rating on the energy company’s stock. Barclays’ price objective suggests a potential upside of 50.54% from the company’s previous close.
Several other equities analysts also recently issued reports on BBG. Zacks Investment Research upgraded Bill Barrett from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. KLR Group reiterated a “buy” rating and set a $8.00 price objective (up from $7.00) on shares of Bill Barrett in a research report on Thursday, August 3rd. BidaskClub downgraded Bill Barrett from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. BMO Capital Markets set a $3.00 price objective on Bill Barrett and gave the stock a “hold” rating in a research report on Saturday, August 12th. Finally, ValuEngine downgraded Bill Barrett from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $6.58.
Shares of Bill Barrett (NYSE BBG) traded down $1.07 during trading on Monday, reaching $4.65. The company had a trading volume of 16,236,258 shares, compared to its average volume of 1,899,184. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.78 and a quick ratio of 2.78. Bill Barrett has a 1 year low of $2.66 and a 1 year high of $7.88.
Bill Barrett (NYSE:BBG) last issued its earnings results on Tuesday, October 31st. The energy company reported ($0.08) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.12. The company had revenue of $67.87 million during 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%. Bill Barrett’s quarterly revenue was up 34.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.10) earnings per share. equities research analysts anticipate that Bill Barrett will post -0.49 earnings per share for the current fiscal year.
In other Bill Barrett news, CEO R Scot Woodall sold 10,000 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $6.42, for a total value of $64,200.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 30,000 shares of company stock worth $136,500 in the last ninety days. 2.70% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the business. Credit Suisse AG raised its stake in Bill Barrett by 32.0% during the 1st quarter. Credit Suisse AG now owns 125,073 shares of the energy company’s stock valued at $569,000 after purchasing an additional 30,293 shares during the period. GRT Capital Partners L.L.C. increased its stake in shares of Bill Barrett by 17.2% in the second quarter. GRT Capital Partners L.L.C. now owns 625,093 shares of the energy company’s stock worth $1,919,000 after acquiring an additional 91,859 shares during the last quarter. Texas Permanent School Fund increased its stake in shares of Bill Barrett by 1.6% in the second quarter. Texas Permanent School Fund now owns 55,704 shares of the energy company’s stock worth $171,000 after acquiring an additional 882 shares during the last quarter. Royce & Associates LP increased its stake in shares of Bill Barrett by 2.8% in the second quarter. Royce & Associates LP now owns 1,239,035 shares of the energy company’s stock worth $3,804,000 after acquiring an additional 33,500 shares during the last quarter. Finally, New York State Teachers Retirement System increased its stake in shares of Bill Barrett by 0.8% in the first quarter. New York State Teachers Retirement System now owns 86,863 shares of the energy company’s stock worth $395,000 after acquiring an additional 700 shares during the last quarter. 85.79% of the stock is currently 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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