Bill Barrett Corporation (NYSE:BBG) Given Consensus Rating of “Hold” by Brokerages
Shares of Bill Barrett Corporation (NYSE:BBG) have been assigned a consensus recommendation of “Hold” from the fourteen research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $7.29.
A number of equities analysts have issued reports on BBG shares. Stifel Nicolaus reiterated a “buy” rating and issued a $8.00 price objective on shares of Bill Barrett Corporation in a report on Wednesday, April 12th. BMO Capital Markets reiterated a “hold” rating and issued a $5.00 price objective on shares of Bill Barrett Corporation in a report on Wednesday, May 3rd. Barclays PLC reiterated an “equal weight” rating and issued a $5.00 price objective (down previously from $6.00) on shares of Bill Barrett Corporation in a report on Saturday, April 22nd. FBR & Co decreased their price objective on Bill Barrett Corporation from $6.00 to $5.00 and set a “market perform” rating for the company in a report on Thursday, May 4th. Finally, Seaport Global Securities downgraded Bill Barrett Corporation from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $6.00 to $1.50 in a report on Wednesday, June 21st.
Shares of Bill Barrett Corporation (BBG) traded down 3.09% during mid-day trading on Friday, hitting $3.45. 471,732 shares of the stock traded hands. The stock’s market cap is $257.72 million. Bill Barrett Corporation has a 52 week low of $2.75 and a 52 week high of $8.24. The firm’s 50-day moving average is $3.23 and its 200-day moving average is $4.61.
Bill Barrett Corporation (NYSE:BBG) last announced its earnings results on Tuesday, May 2nd. The energy company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.10. The company had revenue of $50.54 million during the quarter, compared to the consensus estimate of $52.83 million. Bill Barrett Corporation had a negative return on equity of 6.56% and a negative net margin of 68.53%. On average, analysts forecast that Bill Barrett Corporation will post ($0.78) earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in BBG. Cutler Group LP boosted its position in shares of Bill Barrett Corporation by 3,046.7% in the second quarter. Cutler Group LP now owns 37,760 shares of the energy company’s stock worth $115,000 after buying an additional 36,560 shares during the period. UBS Group AG boosted its position in shares of Bill Barrett Corporation by 50.2% in the first quarter. UBS Group AG now owns 26,186 shares of the energy company’s stock worth $119,000 after buying an additional 8,750 shares during the period. UBS Asset Management Americas Inc. boosted its position in shares of Bill Barrett Corporation by 79.9% in the first quarter. UBS Asset Management Americas Inc. now owns 26,800 shares of the energy company’s stock worth $122,000 after buying an additional 11,900 shares during the period. Alambic Investment Management L.P. bought a new position in shares of Bill Barrett Corporation during the first quarter worth approximately $126,000. Finally, Louisiana State Employees Retirement System boosted its position in Bill Barrett Corporation by 27.3% in the first quarter. Louisiana State Employees Retirement System now owns 30,800 shares of the energy company’s stock worth $140,000 after buying an additional 6,600 shares during the last quarter.
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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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