Bill Barrett Co. (NYSE:BBG) – Analysts at Imperial Capital issued their Q1 2018 earnings per share (EPS) estimates for Bill Barrett in a research report issued on Thursday, according to Zacks Investment Research. Imperial Capital analyst J. Wangler forecasts that the energy company will earn ($0.01) per share for the quarter. Imperial Capital has a “Outperform” rating and a $9.00 price target on the stock. Imperial Capital also issued estimates for Bill Barrett’s FY2019 earnings at $0.60 EPS.
Bill Barrett (NYSE:BBG) last issued its earnings results on Tuesday, February 27th. The energy company reported $0.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.04. The business had revenue of $83.40 million during the quarter, compared to analysts’ expectations of $82.50 million. Bill Barrett had a negative return on equity of 5.27% and a negative net margin of 54.67%. Bill Barrett’s revenue was up 61.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.18) earnings per share.
BBG has been the subject of several other research reports. Zacks Investment Research cut Bill Barrett from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. ValuEngine cut Bill Barrett from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Barclays reduced their price objective on Bill Barrett from $7.00 to $6.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 12th. Seaport Global Securities reissued a “neutral” rating on shares of Bill Barrett in a research report on Tuesday, December 19th. Finally, BMO Capital Markets set a $6.00 price objective on Bill Barrett and gave the company a “hold” rating in a research report on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $6.48.
Shares of Bill Barrett (NYSE:BBG) traded down $0.04 during trading on Monday, hitting $4.66. The stock had a trading volume of 1,807,494 shares, compared to its average volume of 2,670,000. The firm has a market capitalization of $463.66, a PE ratio of -2.68 and a beta of 3.58. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 1.03. Bill Barrett has a 1-year low of $2.66 and a 1-year high of $6.93.
Several large investors have recently made changes to their positions in the business. MetLife Investment Advisors LLC acquired a new stake in shares of Bill Barrett in the fourth quarter worth about $164,000. Jump Trading LLC acquired a new stake in shares of Bill Barrett in the fourth quarter worth about $134,000. Millennium Management LLC lifted its position in shares of Bill Barrett by 175.1% in the fourth quarter. Millennium Management LLC now owns 2,425,230 shares of the energy company’s stock worth $12,441,000 after buying an additional 1,543,634 shares during the last quarter. Cushing Asset Management LP acquired a new stake in shares of Bill Barrett in the fourth quarter worth about $1,026,000. Finally, Columbia Pacific Advisors LLC lifted its position in shares of Bill Barrett by 14.0% in the fourth quarter. Columbia Pacific Advisors LLC now owns 409,256 shares of the energy company’s stock worth $2,099,000 after buying an additional 50,406 shares during the last quarter. 88.81% of the stock is owned by institutional investors.
In other Bill Barrett news, CEO R Scot Woodall sold 10,000 shares of the business’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 legal filing with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is owned by insiders.
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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