Bill Barrett Corporation (NYSE:BBG) released its quarterly earnings results on Tuesday. The energy company reported ($0.08) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.12, Bloomberg Earnings reports. Bill Barrett Corporation had a negative return on equity of 7.65% and a negative net margin of 52.54%. The business had revenue of $67.87 million during the quarter, compared to analyst estimates of $61.23 million. During the same quarter last year, the company posted ($0.10) EPS. Bill Barrett Corporation’s revenue for the quarter was up 34.4% on a year-over-year basis.
Shares of Bill Barrett Corporation (BBG) traded up 12.78% during mid-day trading on Wednesday, reaching $5.56. The company had a trading volume of 960,893 shares. The stock’s market capitalization is $416.34 million. The firm’s 50 day moving average is $4.19 and its 200-day moving average is $3.60. Bill Barrett Corporation has a 12-month low of $2.66 and a 12-month high of $8.24.
In other Bill Barrett Corporation news, CEO R Scot Woodall sold 10,000 shares of the firm’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of $4.19, for a total transaction of $41,900.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.70% of the stock is owned by company insiders.
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A number of brokerages have commented on BBG. ValuEngine upgraded Bill Barrett Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Zacks Investment Research upgraded Bill Barrett Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. BMO Capital Markets set a $3.00 price target on Bill Barrett Corporation and gave the company a “hold” rating in a report on Saturday, August 12th. BidaskClub lowered Bill Barrett Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. Finally, KLR Group reiterated a “buy” rating and set a $8.00 price target (up from $7.00) on shares of Bill Barrett Corporation in a report on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Bill Barrett Corporation presently has a consensus rating of “Hold” and an average price target of $5.71.
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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