Wall Street analysts expect Bill Barrett Co. (NYSE:BBG) to report $77.00 million in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Bill Barrett’s earnings. The lowest sales estimate is $60.60 million and the highest is $83.30 million. Bill Barrett reported sales of $51.62 million during the same quarter last year, which indicates a positive year-over-year growth rate of 49.2%. The firm is expected to issue its next earnings results on Thursday, March 1st.

According to Zacks, analysts expect that Bill Barrett will report full year sales of $77.00 million for the current year, with estimates ranging from $222.90 million to $267.92 million. For the next financial year, analysts anticipate that the company will report sales of $310.38 million per share, with estimates ranging from $243.20 million to $343.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Bill Barrett.

Bill Barrett (NYSE:BBG) last released its quarterly earnings data on Tuesday, October 31st. The energy company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.12. Bill Barrett had a negative return on equity of 7.59% and a negative net margin of 49.61%. The business had revenue of $67.87 million for the quarter, compared to the consensus estimate of $61.23 million. During the same quarter in the prior year, the business posted ($0.10) EPS. The business’s revenue for the quarter was up 34.4% on a year-over-year basis.

BBG has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Bill Barrett from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Scotiabank restated a “buy” rating and set a $10.00 price target on shares of Bill Barrett in a research note on Wednesday, November 1st. BMO Capital Markets set a $3.00 price target on Bill Barrett and gave the stock a “hold” rating in a research note on Saturday, August 12th. Imperial Capital assumed coverage on Bill Barrett in a research note on Thursday, September 28th. They set an “in-line” rating and a $5.00 price target on the stock. Finally, KeyCorp restated a “hold” rating on shares of Bill Barrett in a research note on Tuesday, September 12th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. Bill Barrett presently has an average rating of “Hold” and a consensus target price of $6.58.

Bill Barrett (NYSE BBG) opened at $5.72 on Wednesday. Bill Barrett has a 1-year low of $2.66 and a 1-year high of $8.03. The company has a current ratio of 2.78, a quick ratio of 2.78 and a debt-to-equity ratio of 1.30.

In other news, CEO R Scot Woodall sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $4.19, for a total value of $41,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 30,000 shares of company stock valued at $136,500 over the last three months. Insiders own 2.70% of the company’s stock.

A number of hedge funds have recently modified their holdings of BBG. BNP Paribas Arbitrage SA raised its holdings in Bill Barrett by 129.5% during the second quarter. BNP Paribas Arbitrage SA now owns 34,359 shares of the energy company’s stock worth $105,000 after purchasing an additional 19,385 shares during the last quarter. UBS Group AG raised its holdings in Bill Barrett by 50.2% during the first quarter. UBS Group AG now owns 26,186 shares of the energy company’s stock worth $119,000 after purchasing an additional 8,750 shares during the last quarter. Engineers Gate Manager LP acquired a new position in Bill Barrett during the third quarter worth $120,000. Arizona State Retirement System raised its holdings in Bill Barrett by 0.8% during the second quarter. Arizona State Retirement System now owns 39,760 shares of the energy company’s stock worth $122,000 after purchasing an additional 300 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. acquired a new position in Bill Barrett during the second quarter worth $148,000. 85.79% of the stock is owned by hedge funds and other institutional investors.

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

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