Bill Barrett Co. (NYSE:BBG) – Equities researchers at KeyCorp increased their Q2 2017 earnings per share estimates for shares of Bill Barrett in a report released on Sunday. KeyCorp analyst C. Stevens now expects that the energy company will earn ($0.19) per share for the quarter, up from their previous forecast of ($0.24). KeyCorp also issued estimates for Bill Barrett’s Q3 2017 earnings at ($0.13) EPS, Q4 2017 earnings at ($0.11) EPS, FY2017 earnings at ($0.59) EPS, Q1 2018 earnings at ($0.06) EPS, Q2 2018 earnings at $0.01 EPS, Q3 2018 earnings at $0.07 EPS, Q4 2018 earnings at $0.05 EPS and FY2018 earnings at $0.07 EPS.

Bill Barrett (NYSE:BBG) last released its earnings results on Tuesday, May 2nd. The energy company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. Bill Barrett had a negative net margin of 81.86% and a negative return on equity of 4.43%. The firm had revenue of $50.54 million during the quarter, compared to analyst estimates of $52.83 million. TRADEMARK VIOLATION WARNING: This story was published by American Banking News and is owned by of American Banking News. If you are reading this story on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/05/24/keycorp-research-analysts-lift-earnings-estimates-for-bill-barrett-co-bbg.html.

Earnings History and Estimates for Bill Barrett (NYSE:BBG)

BBG has been the topic of several other research reports. Wunderlich lowered their price target on shares of Bill Barrett from $8.00 to $5.00 and set a “hold” rating on the stock in a research report on Friday, March 3rd. National Securities reduced their price objective on shares of Bill Barrett from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, February 28th. Deutsche Bank AG reduced their price objective on shares of Bill Barrett from $9.00 to $8.00 and set a “hold” rating for the company in a research note on Tuesday, March 7th. Zacks Investment Research cut shares of Bill Barrett from a “buy” rating to a “hold” rating in a research note on Tuesday, February 7th. Finally, FBR & Co began coverage on shares of Bill Barrett in a research note on Friday, March 10th. They set a “market perform” rating and a $6.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $8.00.

Shares of Bill Barrett (NYSE:BBG) opened at 4.05 on Wednesday. The firm’s 50-day moving average is $3.98 and its 200-day moving average is $5.68. Bill Barrett has a 12-month low of $3.42 and a 12-month high of $9.05. The firm’s market cap is $302.54 million.

A number of large investors have recently bought and sold shares of the stock. JVL Advisors L.L.C. raised its stake in Bill Barrett by 90.2% in the fourth quarter. JVL Advisors L.L.C. now owns 5,489,182 shares of the energy company’s stock worth $38,369,000 after buying an additional 2,603,045 shares in the last quarter. Vanguard Group Inc. raised its stake in Bill Barrett by 7.8% in the first quarter. Vanguard Group Inc. now owns 5,483,818 shares of the energy company’s stock worth $24,951,000 after buying an additional 397,849 shares in the last quarter. Caymus Capital Partners L.P. raised its stake in Bill Barrett 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 in the last quarter. State Street Corp raised its stake in Bill Barrett by 62.2% in the first quarter. State Street Corp now owns 4,865,033 shares of the energy company’s stock worth $22,136,000 after buying an additional 1,865,747 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Bill Barrett 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 in the last quarter. Institutional investors own 83.00% of the company’s stock.

About Bill Barrett

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.

12 Month Chart for NYSE:BBG

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