Bill Barrett Corp. (NYSE:BBG) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 10,440,669 shares, an increase of 87.0% from the September 15th total of 5,582,282 shares. Based on an average trading volume of 2,423,269 shares, the short-interest ratio is presently 4.3 days. Approximately 17.9% of the company’s shares are short sold.
Bill Barrett Corp. (NYSE:BBG) opened at 5.17 on Monday. The firm’s market capitalization is $311.28 million. The stock has a 50 day moving average of $5.78 and a 200 day moving average of $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 issued its quarterly earnings data on Thursday, August 4th. The energy company reported ($0.13) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.21) by $0.08. Bill Barrett Corp. had a negative net margin of 304.34% and a negative return on equity of 3.97%. The business earned $57.28 million during the quarter, compared to analysts’ expectations of $55.67 million. During the same period in the previous year, the company earned ($0.18) earnings per share. Bill Barrett Corp.’s revenue for the quarter was down 24.5% on a year-over-year basis. Equities research analysts anticipate that Bill Barrett Corp. will post ($0.70) earnings per share for the current year.
A number of brokerages have recently commented on BBG. Canaccord Genuity set a $7.00 target price on shares of Bill Barrett Corp. and gave the company a “hold” rating in a research note on Saturday, August 6th. Scotiabank reissued a “sector outperform” rating and issued a $14.00 target price (up previously from $12.00) on shares of Bill Barrett Corp. in a research note on Saturday. Cantor Fitzgerald reaffirmed a “hold” rating on shares of Bill Barrett Corp. in a research note on Sunday, August 14th. Zacks Investment Research raised shares of Bill Barrett Corp. from a “hold” rating to a “buy” rating and set a $6.75 price target on the stock in a research note on Monday, August 15th. Finally, Johnson Rice initiated coverage on shares of Bill Barrett Corp. in a research note on Thursday, June 30th. They set a “buy” rating on the stock. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $7.67.
Several hedge funds have recently modified their holdings of the company. Capital Fund Management S.A. purchased a new stake in shares of Bill Barrett Corp. during the second quarter worth $100,000. Fox Run Management L.L.C. purchased a new stake in shares of Bill Barrett Corp. during the third quarter worth $101,000. Jefferies Group LLC purchased a new stake in shares of Bill Barrett Corp. during the second quarter worth $102,000. BlackRock Inc. boosted 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 worth $106,000 after buying an additional 13,284 shares during the last quarter. Finally, Profund Advisors LLC boosted 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 worth $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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