Bill Barrett Corporation (BBG) Upgraded by ValuEngine to “Sell”

ValuEngine upgraded shares of Bill Barrett Corporation (NYSE:BBG) from a strong sell rating to a sell rating in a research note published on Tuesday.

Several other research firms have also issued reports on BBG. Zacks Investment Research raised Bill Barrett Corporation from a sell rating to a hold rating in a research note on Monday, July 24th. BMO Capital Markets set a $3.00 target price on Bill Barrett Corporation and gave the company a hold rating in a research report on Saturday, August 12th. BidaskClub lowered Bill Barrett Corporation from a sell rating to a strong sell rating in a research report on Friday, August 11th. KeyCorp reiterated a hold rating on shares of Bill Barrett Corporation in a report on Tuesday, September 12th. Finally, KLR Group reiterated a buy rating and issued a $8.00 price target (up from $7.00) on shares of Bill Barrett Corporation in a report on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $5.71.

Bill Barrett Corporation (NYSE:BBG) opened at 4.93 on Tuesday. The firm’s 50-day moving average price is $4.19 and its 200-day moving average price is $3.60. Bill Barrett Corporation has a 12-month low of $2.66 and a 12-month high of $8.24. The stock’s market cap is $369.16 million.

Bill Barrett Corporation (NYSE:BBG) last released its earnings results on Tuesday, October 31st. The energy company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.13. The firm had revenue of $67.87 million during the quarter, compared to analysts’ expectations of $61.23 million. Bill Barrett Corporation had a negative return on equity of 7.65% and a negative net margin of 52.54%. The firm’s revenue was up 34.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.10) earnings per share. On average, equities analysts predict that Bill Barrett Corporation will post ($0.72) EPS for the current fiscal year.

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In other news, CEO R Scot Woodall sold 10,000 shares of the company’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $4.19, for a total value of $41,900.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.70% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA lifted its stake in Bill Barrett Corporation by 129.5% during the second quarter. BNP Paribas Arbitrage SA now owns 34,359 shares of the energy company’s stock valued at $105,000 after purchasing an additional 19,385 shares during the last quarter. Cutler Group LP lifted its position in shares of Bill Barrett Corporation by 3,046.7% in the 2nd quarter. Cutler Group LP now owns 37,760 shares of the energy company’s stock valued at $115,000 after acquiring an additional 36,560 shares in the last quarter. UBS Group AG lifted its position in shares of Bill Barrett Corporation by 50.2% in the 1st quarter. UBS Group AG now owns 26,186 shares of the energy company’s stock valued at $119,000 after acquiring an additional 8,750 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of Bill Barrett Corporation by 79.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 26,800 shares of the energy company’s stock valued at $122,000 after acquiring an additional 11,900 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Bill Barrett Corporation by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 39,760 shares of the energy company’s stock valued at $122,000 after acquiring an additional 300 shares in the last quarter. 90.58% of the stock is owned by institutional investors and hedge funds.

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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