Bill Barrett CEO Sells $86,770 in Stock (BBG)
Bill Barrett (NYSE:BBG) CEO R Scot Woodall sold 3,298 shares of Bill Barrett stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $26.31, for a total transaction of $86,770.38. Following the completion of the sale, the chief executive officer now directly owns 306,227 shares in the company, valued at approximately $8,056,832. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Bill Barrett (NYSE:BBG) traded down 1.53% during mid-day trading on Tuesday, hitting $26.31. The stock had a trading volume of 438,287 shares. Bill Barrett has a 52-week low of $20.17 and a 52-week high of $30.69. The stock has a 50-day moving average of $24.99 and a 200-day moving average of $25.62. The company’s market cap is $1.262 billion.
Bill Barrett (NYSE:BBG) last announced its earnings results on Thursday, May 1st. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.13. The company had revenue of $127.70 million for the quarter, compared to the consensus estimate of $125.95 million. During the same quarter in the previous year, the company posted ($0.25) earnings per share. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. Analysts expect that Bill Barrett will post $0.29 EPS for the current fiscal year.
BBG has been the subject of a number of recent research reports. Analysts at Midtown Partners upgraded shares of Bill Barrett from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 6th. They now have a $29.00 price target on the stock. Separately, analysts at Wells Fargo & Co. upgraded shares of Bill Barrett from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 6th. Finally, analysts at Mizuho upgraded shares of Bill Barrett from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 6th. They now have a $29.00 price target on the stock, up previously from $27.00. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $30.06.
Bill Barrett Corporation explores for and develops oil and natural gas in the Rocky Mountain region of the United States.
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