Shares of Bill Barrett Co. (NYSE:BBG) have been assigned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $7.28.
A number of research firms have weighed in on BBG. Imperial Capital upgraded shares of Bill Barrett from an “in-line” rating to an “outperform” rating and set a $9.00 price target for the company in a research report on Monday, February 5th. Zacks Investment Research lowered shares of Bill Barrett from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. ValuEngine lowered shares of Bill Barrett from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Finally, SunTrust Banks began coverage on shares of Bill Barrett in a research report on Friday, March 2nd. They issued a “buy” rating and a $7.00 price target for the company.
Several large investors have recently modified their holdings of BBG. Sterling Investment Advisors Ltd. boosted its position in shares of Bill Barrett by 100.0% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 20,000 shares of the energy company’s stock worth $103,000 after acquiring an additional 10,000 shares during the last quarter. Teacher Retirement System of Texas bought a new position in shares of Bill Barrett during the fourth quarter worth $128,000. Jump Trading LLC bought a new position in shares of Bill Barrett during the fourth quarter worth $134,000. Fox Run Management L.L.C. bought a new position in shares of Bill Barrett during the fourth quarter worth $160,000. Finally, MetLife Investment Advisors LLC bought a new position in shares of Bill Barrett during the fourth quarter worth $164,000. Hedge funds and other institutional investors own 88.78% of the company’s stock.
Bill Barrett has a 12-month low of $2.66 and a 12-month high of $6.93. 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 (NYSE:BBG) last posted its quarterly earnings results on Tuesday, February 27th. The energy company reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.04. The business had revenue of $83.40 million during the quarter, compared to analyst estimates of $82.50 million. Bill Barrett had a negative net margin of 54.67% and a negative return on equity of 5.27%. The company’s revenue was up 61.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.18) earnings per share. research analysts expect that Bill Barrett will post 0.18 EPS for the current fiscal year.
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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