According to Zacks, “Bill Barrett Corporation, headquartered in Denver, explores for and develops oil and natural gas in the Rocky Mountain region of the United States. The Company has projects in nine basins in the Rocky Mountains. “
Several other equities analysts have also recently commented on the company. Howard Weil increased their target price on Bill Barrett Corp. from $12.00 to $14.00 and gave the company a sector outperform rating in a research note on Friday, October 14th. Cantor Fitzgerald reiterated a hold rating on shares of Bill Barrett Corp. in a research note on Sunday, August 14th. Barclays PLC reduced their price objective on Bill Barrett Corp. from $8.00 to $6.00 and set an equal weight rating on the stock in a research note on Thursday, August 11th. Canaccord Genuity set a $7.00 price objective on Bill Barrett Corp. and gave the stock a hold rating in a research note on Saturday, August 6th. Finally, Johnson Rice began coverage on Bill Barrett Corp. in a research note on Thursday, June 30th. They set a buy rating on the stock. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $7.67.
Shares of Bill Barrett Corp. (NYSE:BBG) opened at 5.35 on Friday. The stock’s market capitalization is $322.12 million. The firm’s 50 day moving average is $5.71 and its 200 day moving average is $6.52. Bill Barrett Corp. has a 12 month low of $2.19 and a 12 month high of $9.38.
Bill Barrett Corp. (NYSE:BBG) last released its earnings results on Thursday, August 4th. The energy company reported ($0.13) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.08. The company earned $57.28 million during the quarter, compared to analysts’ expectations of $55.67 million. Bill Barrett Corp. had a negative return on equity of 3.97% and a negative net margin of 304.34%. The business’s revenue was down 24.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.18) EPS. On average, equities analysts predict that Bill Barrett Corp. will post ($0.70) earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in the company. Capital Fund Management S.A. purchased a new stake in shares of Bill Barrett Corp. during the second quarter valued at $100,000. Fox Run Management L.L.C. purchased a new stake in shares of Bill Barrett Corp. during the third quarter valued at $101,000. Jefferies Group LLC purchased a new stake in shares of Bill Barrett Corp. during the second quarter valued at $102,000. BlackRock Inc. raised its stake in shares of Bill Barrett Corp. by 391.5% in the second quarter. BlackRock Inc. now owns 16,677 shares of the energy company’s stock valued at $106,000 after buying an additional 13,284 shares during the last quarter. Finally, Profund Advisors LLC raised its stake in shares of Bill Barrett Corp. by 4.5% in the second quarter. Profund Advisors LLC now owns 16,790 shares of the energy company’s stock valued at $107,000 after buying an additional 728 shares during the last quarter.
Bill Barrett Corp. 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. The Company develops oil and natural gas in the Rocky Mountain region of the United States.
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