Wall Street brokerages expect Bill Barrett Co. (NYSE:BBG) to announce earnings per share of ($0.07) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Bill Barrett’s earnings. The highest EPS estimate is ($0.01) and the lowest is ($0.15). Bill Barrett posted earnings per share of ($0.18) during the same quarter last year, which would suggest a positive year over year growth rate of 61.1%. The firm is scheduled to report its next earnings results on Thursday, March 1st.
On average, analysts expect that Bill Barrett will report full year earnings of ($0.49) per share for the current financial year, with EPS estimates ranging from ($0.62) to ($0.42). For the next year, analysts expect that the business will post earnings of ($0.40) per share, with EPS estimates ranging from ($0.92) to ($0.06). Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Bill Barrett.
Bill Barrett (NYSE:BBG) last posted its earnings results on Tuesday, October 31st. The energy company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.12. The company 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 firm’s revenue for the quarter was up 34.4% on a year-over-year basis. During the same period in the previous year, the business earned ($0.10) earnings per share.
A number of equities research analysts recently commented on the company. Barclays boosted their target price 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. BMO Capital Markets set a $6.00 target price on Bill Barrett and gave the stock a “hold” rating in a research report on Tuesday, November 14th. Imperial Capital upgraded Bill Barrett from an “in-line” rating to an “outperform” rating and set a $8.00 target price on the stock in a research report on Thursday, November 2nd. Scotiabank reiterated a “buy” rating and issued a $10.00 target price on shares of Bill Barrett in a research report on Wednesday, November 1st. Finally, ValuEngine upgraded Bill Barrett from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 31st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $6.58.
In other Bill Barrett news, CEO R Scot Woodall sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $4.19, for a total transaction of $41,900.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 30,000 shares of company stock worth $136,500. Company insiders own 2.70% of the company’s stock.
A number of hedge funds have recently modified their holdings of BBG. Credit Suisse AG raised its holdings in shares of Bill Barrett by 32.0% in the first quarter. Credit Suisse AG now owns 125,073 shares of the energy company’s stock worth $569,000 after buying an additional 30,293 shares during the period. GRT Capital Partners L.L.C. raised its holdings 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 buying an additional 91,859 shares during the period. Texas Permanent School Fund raised its holdings 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 buying an additional 882 shares during the period. Royce & Associates LP raised its holdings 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 buying an additional 33,500 shares during the period. Finally, Deprince Race & Zollo Inc. raised its holdings in shares of Bill Barrett by 24.2% in the second quarter. Deprince Race & Zollo Inc. now owns 284,500 shares of the energy company’s stock worth $873,000 after buying an additional 55,500 shares during the period. Institutional investors and hedge funds own 85.79% of the company’s stock.
Bill Barrett (NYSE:BBG) traded up $0.13 during trading hours on Monday, hitting $5.98. The company had a trading volume of 2,872,800 shares, compared to its average volume of 1,840,456. The company has a current ratio of 2.78, a quick ratio of 2.78 and a debt-to-equity ratio of 1.30. Bill Barrett has a 12 month low of $2.66 and a 12 month high of $8.24.
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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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