Bill Barrett Co. (NYSE:BBG) – Stock analysts at KeyCorp upped their Q4 2017 earnings estimates for Bill Barrett in a research report issued on Tuesday. KeyCorp analyst C. Stevens now forecasts that the energy company will post earnings of $0.01 per share for the quarter, up from their prior forecast of ($0.01). KeyCorp has a “Hold” rating on the stock.

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

A number of other research firms have also issued reports on BBG. Scotiabank reiterated a “buy” rating and set a $10.00 target price on shares of Bill Barrett in a report on Wednesday, November 1st. BMO Capital Markets set a $6.00 target price on shares of Bill Barrett and gave the stock a “hold” rating in a report on Tuesday, November 14th. Imperial Capital started coverage on shares of Bill Barrett in a report on Thursday, September 28th. They set an “in-line” rating and a $5.00 target price on the stock. ValuEngine lowered shares of Bill Barrett from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Finally, Barclays increased their target price on shares of Bill Barrett from $4.00 to $7.00 and gave the stock an “equal weight” rating in a report on Monday, November 20th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. Bill Barrett currently has a consensus rating of “Hold” and a consensus target price of $6.50.

Shares of Bill Barrett (BBG) opened at $4.39 on Thursday. Bill Barrett has a fifty-two week low of $2.66 and a fifty-two week high of $7.70. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.78 and a quick ratio of 2.78.

Several large investors have recently made changes to their positions in BBG. Vanguard Group Inc. increased its position in shares of Bill Barrett by 7.8% in the 1st quarter. Vanguard Group Inc. now owns 5,483,818 shares of the energy company’s stock valued at $24,951,000 after purchasing an additional 397,849 shares during the last quarter. Morgan Stanley grew its position in shares of Bill Barrett by 112.3% in the 1st quarter. Morgan Stanley now owns 564,780 shares of the energy company’s stock valued at $2,569,000 after buying an additional 298,704 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Bill Barrett by 20.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 761,019 shares of the energy company’s stock valued at $3,463,000 after buying an additional 129,049 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its position in shares of Bill Barrett by 82.5% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 45,734 shares of the energy company’s stock valued at $208,000 after buying an additional 20,678 shares during the last quarter. Finally, Credit Suisse AG grew its position in shares of Bill Barrett by 32.0% in the 1st quarter. Credit Suisse AG now owns 125,073 shares of the energy company’s stock valued at $569,000 after buying an additional 30,293 shares during the last quarter. 85.77% of the stock is currently owned by institutional investors.

In other Bill Barrett news, CEO R Scot Woodall sold 10,000 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $6.42, for a total value of $64,200.00. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.70% of the company’s stock.

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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.

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

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