Bill Barrett Corporation (BBG) Releases Earnings Results, Beats Estimates By $0.12 EPS

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.

WARNING: “Bill Barrett Corporation (BBG) Releases Earnings Results, Beats Estimates By $0.12 EPS” was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another site, it was stolen and republished in violation of United States and international copyright law. The legal version of this piece can be accessed at https://www.com-unik.info/2017/10/31/bill-barrett-corporation-bbg-issues-earnings-results.html.

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.

Earnings History for Bill Barrett Corporation (NYSE:BBG)

What are top analysts saying about Bill Barrett Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Bill Barrett Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit