Bill Barrett Corporation (NYSE:BBG) issued its quarterly earnings data on Tuesday, August 1st. The energy company reported ($0.17) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.07, Bloomberg Earnings reports. The firm had revenue of $51.07 million for the quarter, compared to analysts’ expectations of $53.57 million. Bill Barrett Corporation had a negative net margin of 52.54% and a negative return on equity of 7.65%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.13) earnings per share.
Shares of Bill Barrett Corporation (NYSE:BBG) traded up 0.69% during trading on Friday, reaching $2.90. 1,569,635 shares of the company traded hands. The firm’s market capitalization is $217.15 million. Bill Barrett Corporation has a 12-month low of $2.75 and a 12-month high of $8.24. The company has a 50 day moving average price of $3.20 and a 200 day moving average price of $4.06.
BBG has been the topic of several research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $8.00 price objective on shares of Bill Barrett Corporation in a research note on Friday, May 26th. BMO Capital Markets set a $2.00 price objective on shares of Bill Barrett Corporation and gave the stock a “hold” rating in a research note on Monday, June 26th. Seaport Global Securities cut shares of Bill Barrett Corporation from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $6.00 to $1.50 in a research note on Wednesday, June 21st. Zacks Investment Research cut shares of Bill Barrett Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $5.00 price objective (down from $6.00) on shares of Bill Barrett Corporation in a research note on Saturday, April 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $6.92.
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Several large investors have recently made changes to their positions in BBG. Dimensional Fund Advisors LP raised its stake in Bill Barrett Corporation by 149.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,437,462 shares of the energy company’s stock worth $20,190,000 after buying an additional 2,659,443 shares during the last quarter. State Street Corp raised its stake in Bill Barrett Corporation by 172.4% in the fourth quarter. State Street Corp now owns 2,999,286 shares of the energy company’s stock worth $20,963,000 after buying an additional 1,898,325 shares during the last quarter. Divisar Capital Management LLC raised its stake in Bill Barrett Corporation by 105.5% in the second quarter. Divisar Capital Management LLC now owns 3,528,178 shares of the energy company’s stock worth $10,832,000 after buying an additional 1,811,339 shares during the last quarter. Caymus Capital Partners L.P. raised its stake in Bill Barrett Corporation by 50.8% in the first quarter. Caymus Capital Partners L.P. now owns 4,988,800 shares of the energy company’s stock worth $22,699,000 after buying an additional 1,679,900 shares during the last quarter. Finally, Schroder Investment Management Group acquired a new stake in Bill Barrett Corporation during the first quarter worth $3,201,000.
Bill Barrett Corporation 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. 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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