Bill Barrett Co. (NYSE:BBG) saw a significant increase in short interest in the month of December. As of December 29th, there was short interest totalling 7,913,916 shares, an increase of 39.4% from the December 15th total of 5,675,272 shares. Currently, 8.3% of the company’s stock are short sold. Based on an average daily volume of 3,344,015 shares, the days-to-cover ratio is presently 2.4 days.

Bill Barrett (NYSE BBG) opened at $5.26 on Tuesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.78 and a quick ratio of 2.78. The firm has a market capitalization of $401.25, a P/E ratio of -3.29 and a beta of 3.59. Bill Barrett has a one year low of $2.66 and a one year high of $7.58.

Bill Barrett (NYSE:BBG) last posted its quarterly earnings results on Tuesday, October 31st. The energy company reported ($0.08) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.12. The firm had revenue of $67.87 million during the quarter, compared to the consensus estimate of $61.23 million. Bill Barrett had a negative return on equity of 7.59% and a negative net margin of 49.61%. The business’s revenue was up 34.4% compared to the same quarter last year. During the same period last year, the company earned ($0.10) earnings per share. equities research analysts predict that Bill Barrett will post -0.43 EPS for the current year.

A number of equities research analysts recently issued reports on BBG shares. Imperial Capital started coverage on Bill Barrett in a research report on Thursday, September 28th. They issued an “in-line” rating and a $5.00 target price on the stock. Zacks Investment Research raised Bill Barrett from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a research report on Tuesday, October 3rd. Stifel Nicolaus set a $7.00 target price on Bill Barrett and gave the company a “buy” rating in a research report on Thursday, October 5th. BMO Capital Markets set a $4.00 target price on Bill Barrett and gave the company a “hold” rating in a research report on Tuesday, October 10th. Finally, KeyCorp reissued a “hold” rating on shares of Bill Barrett in a research report on Monday, October 16th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $6.50.

In related news, CEO R Scot Woodall sold 10,000 shares of Bill Barrett stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $4.64, for a total value of $46,400.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.70% of the company’s stock.

A number of hedge funds have recently bought and sold shares of BBG. Dimensional Fund Advisors LP boosted its stake in shares of Bill Barrett by 40.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,214,771 shares of the energy company’s stock worth $19,079,000 after acquiring an additional 1,777,309 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Bill Barrett by 12.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,312,279 shares of the energy company’s stock worth $16,309,000 after acquiring an additional 579,442 shares during the period. Divisar Capital Management LLC boosted its stake in shares of Bill Barrett by 105.5% during the 2nd quarter. Divisar Capital Management LLC now owns 3,528,178 shares of the energy company’s stock worth $10,832,000 after acquiring an additional 1,811,339 shares during the period. Boston Partners boosted its stake in shares of Bill Barrett by 27.7% during the 3rd quarter. Boston Partners now owns 1,592,617 shares of the energy company’s stock worth $6,833,000 after acquiring an additional 345,380 shares during the period. Finally, Royce & Associates LP boosted its stake in shares of Bill Barrett by 1.6% during the 3rd quarter. Royce & Associates LP now owns 1,259,035 shares of the energy company’s stock worth $5,401,000 after acquiring an additional 20,000 shares during the period. Hedge funds and other institutional investors own 85.71% of the company’s stock.

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About Bill Barrett

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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