Bill Barrett (NYSE:BBG) released its earnings results on Tuesday, February 27th. The energy company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.04, Bloomberg Earnings reports. Bill Barrett had a negative return on equity of 5.27% and a negative net margin of 54.67%. The company had revenue of $83.40 million for the quarter, compared to analyst estimates of $82.50 million. During the same period in the prior year, the firm posted ($0.18) EPS. Bill Barrett’s quarterly revenue was up 61.6% on a year-over-year basis.
Shares of Bill Barrett (BBG) traded down $0.04 on Wednesday, hitting $4.66. The company’s stock had a trading volume of 1,627,569 shares, compared to its average volume of 2,481,120. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.47 and a current ratio of 2.47. Bill Barrett has a 52-week low of $2.66 and a 52-week high of $6.93. The company has a market capitalization of $457.19, a price-to-earnings ratio of -2.64 and a beta of 3.58.
In other Bill Barrett news, CEO R Scot Woodall sold 10,000 shares of the company’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 document filed with the SEC, which can be accessed through this link. Insiders own 2.70% of the company’s stock.
A number of analysts have recently commented on BBG shares. 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. Barclays raised their price objective 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. ValuEngine downgraded Bill Barrett from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 12th. Seaport Global Securities reiterated a “neutral” rating on shares of Bill Barrett in a report on Tuesday, December 19th. Finally, Zacks Investment Research cut Bill Barrett from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $6.48.
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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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