Bill Barrett Corporation (NYSE:BBG) – Investment analysts at KeyCorp boosted their Q3 2017 earnings per share (EPS) estimates for shares of Bill Barrett Corporation in a research report issued on Wednesday. KeyCorp analyst C. Stevens now anticipates that the energy company will post earnings of ($0.11) per share for the quarter, up from their prior forecast of ($0.13). KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Bill Barrett Corporation’s Q4 2017 earnings at ($0.10) EPS, FY2017 earnings at ($0.54) EPS, Q3 2018 earnings at ($0.07) EPS, Q4 2018 earnings at ($0.04) EPS and FY2018 earnings at ($0.30) EPS.

Bill Barrett Corporation (NYSE:BBG) last released its quarterly earnings results 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 return on equity of 7.65% and a negative net margin of 52.54%. The company had revenue of $51.07 million for the quarter, compared to analyst estimates of $53.57 million. During the same period in the previous year, the company posted ($0.13) earnings per share. The firm’s revenue was up 8.0% on a year-over-year basis.

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Several other research firms also recently commented on BBG. Zacks Investment Research upgraded Bill Barrett Corporation from a “sell” rating to a “hold” rating in a report on Monday, August 14th. BMO Capital Markets set a $3.00 price objective on Bill Barrett Corporation and gave the stock a “hold” rating in a report on Saturday, August 12th. Imperial Capital initiated coverage on Bill Barrett Corporation in a report on Thursday, September 28th. They set an “in-line” rating and a $5.00 price objective on the stock. ValuEngine downgraded Bill Barrett Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Finally, KLR Group restated a “buy” rating and set a $8.00 price objective (up from $7.00) on shares of Bill Barrett Corporation in a report on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $5.71.

Shares of Bill Barrett Corporation (NYSE:BBG) opened at 4.54 on Monday. Bill Barrett Corporation has a 52-week low of $2.66 and a 52-week high of $8.24. The company’s 50 day moving average price is $3.95 and its 200 day moving average price is $3.59. The company’s market capitalization is $339.96 million.

In other news, CEO R Scot Woodall sold 10,000 shares of Bill Barrett Corporation stock in a transaction on Friday, September 8th. The stock was sold at an average price of $3.04, for a total value of $30,400.00. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.70% of the company’s stock.

Large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position 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 boosted its position 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 boosted its position 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. TIAA CREF Investment Management LLC boosted its position 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. Finally, JPMorgan Chase & Co. boosted its position in shares of Bill Barrett Corporation by 12.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,312,279 shares of the energy company’s stock worth $16,309,000 after purchasing an additional 579,442 shares in the last quarter. Institutional investors and hedge funds own 90.75% of the company’s stock.

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.

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

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