Equities Analysts Set Expectations for Bill Barrett Co.’s FY2017 Earnings (BBG)

Bill Barrett Co. (NYSE:BBG) – KeyCorp boosted their FY2017 earnings per share (EPS) estimates for Bill Barrett in a note issued to investors on Tuesday. KeyCorp analyst C. Stevens now forecasts that the energy company will post earnings of ($0.41) per share for the year, up from their prior forecast of ($0.42). KeyCorp has a “Hold” rating on the stock.

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. Bill Barrett had a negative net margin of 49.61% and a negative return on equity of 7.59%. The business 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 firm posted ($0.10) EPS. The business’s revenue for the quarter was up 34.4% compared to the same quarter last year.

BBG has been the subject of a number of other reports. Imperial Capital raised shares of Bill Barrett from an “in-line” rating to an “outperform” rating and set a $8.00 price target for the company in a report on Thursday, November 2nd. BidaskClub lowered shares of Bill Barrett from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. Stifel Nicolaus set a $7.00 price objective on shares of Bill Barrett and gave the stock a “buy” rating in a report on Thursday, October 5th. BMO Capital Markets set a $4.00 price target on shares of Bill Barrett and gave the company a “hold” rating in a report on Tuesday, October 10th. Finally, ValuEngine raised shares of Bill Barrett from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 31st. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. Bill Barrett currently has an average rating of “Hold” and an average target price of $6.58.

Shares of Bill Barrett (NYSE BBG) opened at $4.74 on Friday. Bill Barrett has a fifty-two week low of $2.66 and a fifty-two week high of $7.88. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.78 and a quick ratio of 2.78.

Several institutional investors have recently added to or reduced their stakes in BBG. BNP Paribas Arbitrage SA grew its position in Bill Barrett by 129.5% during the second quarter. BNP Paribas Arbitrage SA now owns 34,359 shares of the energy company’s stock valued at $105,000 after purchasing an additional 19,385 shares in the last quarter. UBS Group AG grew its position in Bill Barrett by 50.2% during the first quarter. UBS Group AG now owns 26,186 shares of the energy company’s stock valued at $119,000 after purchasing an additional 8,750 shares in the last quarter. Engineers Gate Manager LP purchased a new position in Bill Barrett during the third quarter valued at approximately $120,000. Arizona State Retirement System grew its position in Bill Barrett by 0.8% during the second quarter. Arizona State Retirement System now owns 39,760 shares of the energy company’s stock valued at $122,000 after purchasing an additional 300 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. purchased a new position in Bill Barrett during the second quarter valued at approximately $148,000. 85.79% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO R Scot Woodall sold 10,000 shares of Bill Barrett stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $6.42, for a total value of $64,200.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.70% of the company’s stock.

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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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