Bill Barrett Corporation (BBG) Position Raised by State Street Corp

State Street Corp boosted its position in shares of Bill Barrett Corporation (NYSE:BBG) by 62.2% during the first quarter, Holdings Channel reports. The fund owned 4,865,033 shares of the energy company’s stock after buying an additional 1,865,747 shares during the period. State Street Corp owned approximately 0.07% of Bill Barrett Corporation worth $22,136,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BBG. UBS Group AG boosted its position in Bill Barrett Corporation by 50.2% in the first quarter. UBS Group AG now owns 26,186 shares of the energy company’s stock worth $119,000 after buying an additional 8,750 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in Bill Barrett Corporation by 79.9% in the first quarter. UBS Asset Management Americas Inc. now owns 26,800 shares of the energy company’s stock worth $122,000 after buying an additional 11,900 shares during the last quarter. Alambic Investment Management L.P. purchased a new position in Bill Barrett Corporation during the first quarter worth $126,000. Louisiana State Employees Retirement System boosted its position in Bill Barrett Corporation by 27.3% in the first quarter. Louisiana State Employees Retirement System now owns 30,800 shares of the energy company’s stock worth $140,000 after buying an additional 6,600 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its position in Bill Barrett Corporation by 99.0% in the first quarter. OppenheimerFunds Inc. now owns 30,842 shares of the energy company’s stock worth $140,000 after buying an additional 15,344 shares during the last quarter.

Shares of Bill Barrett Corporation (BBG) traded down 2.80% during trading on Friday, hitting $3.13. 318,244 shares of the stock traded hands. Bill Barrett Corporation has a 52-week low of $2.75 and a 52-week high of $8.24. The company’s 50 day moving average is $3.19 and its 200 day moving average is $4.23. The firm’s market cap is $234.38 million.

Bill Barrett Corporation (NYSE:BBG) last released its earnings results on Tuesday, August 1st. The energy company reported ($0.17) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.07. Bill Barrett Corporation had a negative net margin of 52.54% and a negative return on equity of 7.65%. The business had revenue of $51.07 million for the quarter, compared to analysts’ expectations of $53.57 million. During the same period last year, the company earned ($0.13) earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. On average, equities research analysts predict that Bill Barrett Corporation will post ($0.77) EPS for the current year.

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A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Bill Barrett Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. BidaskClub cut shares of Bill Barrett Corporation from a “sell” rating to a “strong sell” rating in a report on Friday. BMO Capital Markets set a $2.00 price objective on shares of Bill Barrett Corporation and gave the company a “hold” rating in a report on Monday, June 26th. Seaport Global Securities cut shares of Bill Barrett Corporation from a “neutral” rating to a “sell” rating and cut their price objective for the company from $6.00 to $1.50 in a report on Wednesday, June 21st. Finally, FBR & Co cut their price objective on shares of Bill Barrett Corporation from $6.00 to $5.00 and set a “market perform” rating for the company in a report on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $6.85.

About Bill Barrett Corporation

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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Institutional Ownership by Quarter for Bill Barrett Corporation (NYSE:BBG)

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