Bill Barrett Corporation (BBG) Receives Average Recommendation of “Hold” from Brokerages
Bill Barrett Corporation (NYSE:BBG) has been given an average recommendation of “Hold” by the fifteen research firms that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, six have given a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $7.21.
A number of analysts have commented on the stock. BMO Capital Markets set a $3.00 price target on shares of Bill Barrett Corporation and gave the stock a “hold” rating in a research report on Saturday, August 12th. ValuEngine downgraded shares of Bill Barrett Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. BidaskClub downgraded shares of Bill Barrett Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. KLR Group restated a “buy” rating and set a $8.00 price target (up from $7.00) on shares of Bill Barrett Corporation in a research report on Thursday, August 3rd. Finally, Zacks Investment Research upgraded shares of Bill Barrett Corporation from a “sell” rating to a “hold” rating in a research report on Monday, August 14th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BBG. Dimensional Fund Advisors LP raised its holdings in shares of Bill Barrett Corporation by 149.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,437,462 shares of the energy company’s stock worth $20,190,000 after purchasing an additional 2,659,443 shares in the last quarter. State Street Corp raised its holdings in shares of Bill Barrett Corporation by 62.2% in the 1st quarter. State Street Corp now owns 4,865,033 shares of the energy company’s stock worth $22,136,000 after purchasing an additional 1,865,747 shares in the last quarter. Divisar Capital Management LLC raised its holdings in shares of Bill Barrett Corporation by 105.5% in the 2nd quarter. Divisar Capital Management LLC now owns 3,528,178 shares of the energy company’s stock worth $10,832,000 after purchasing an additional 1,811,339 shares in the last quarter. Schroder Investment Management Group bought a new stake in shares of Bill Barrett Corporation in the 1st quarter worth approximately $3,201,000. Finally, TIAA CREF Investment Management LLC raised its holdings in shares of Bill Barrett Corporation by 128.3% in the 1st quarter. TIAA CREF Investment Management LLC now owns 1,064,618 shares of the energy company’s stock worth $4,844,000 after purchasing an additional 598,376 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.
Bill Barrett Corporation (NYSE:BBG) opened at 3.04 on Friday. The company’s 50-day moving average is $3.13 and its 200 day moving average is $3.75. The stock’s market capitalization is $227.64 million. Bill Barrett Corporation has a 12-month low of $2.66 and a 12-month high of $8.24.
Bill Barrett Corporation (NYSE:BBG) last issued its quarterly earnings data on Tuesday, August 1st. The energy company reported ($0.17) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.07. Bill Barrett Corporation had a negative net margin of 52.54% and a negative return on equity of 7.65%. The firm had revenue of $51.07 million for the quarter, compared to the consensus estimate of $53.57 million. During the same period last year, the firm posted ($0.13) EPS. Bill Barrett Corporation’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, analysts predict that Bill Barrett Corporation will post ($0.79) EPS for the current year.
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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.
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