Bill Barrett Co. (NYSE:BBG) – Investment analysts at Imperial Capital issued their FY2017 earnings per share estimates for shares of Bill Barrett in a note issued to investors on Monday. Imperial Capital analyst J. Wangler forecasts that the energy company will earn ($0.41) per share for the year. Imperial Capital has a “Outperform” rating and a $9.00 price objective on the stock. Imperial Capital also issued estimates for Bill Barrett’s Q1 2018 earnings at $0.00 EPS, Q2 2018 earnings at $0.03 EPS, Q3 2018 earnings at $0.04 EPS and Q4 2018 earnings at $0.05 EPS.
A number of other equities research analysts have also commented on the stock. Zacks Investment Research upgraded shares of Bill Barrett from a “hold” rating to a “buy” rating and set a $5.75 price objective on the stock in a report on Monday. ValuEngine lowered shares of Bill Barrett from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Seaport Global Securities restated a “neutral” rating on shares of Bill Barrett in a report on Tuesday, December 19th. Barclays dropped their price objective on shares of Bill Barrett from $7.00 to $6.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 12th. Finally, BMO Capital Markets set a $6.00 price objective on shares of Bill Barrett and gave the stock a “hold” rating in a report on Tuesday, November 14th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. Bill Barrett has an average rating of “Hold” and a consensus price target of $6.63.
In related news, CEO R Scot Woodall sold 10,000 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $6.42, for a total value of $64,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.70% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Sterling Investment Advisors Ltd. grew its position in Bill Barrett by 100.0% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 20,000 shares of the energy company’s stock valued at $103,000 after purchasing an additional 10,000 shares in the last quarter. Engineers Gate Manager LP bought a new position in Bill Barrett in the third quarter valued at $120,000. Teacher Retirement System of Texas bought a new position in Bill Barrett in the fourth quarter valued at $128,000. Cornerstone Capital Management Holdings LLC. bought a new position in Bill Barrett in the second quarter valued at $148,000. Finally, Fox Run Management L.L.C. bought a new position in Bill Barrett in the fourth quarter valued at $160,000. 85.49% of the stock is owned by institutional investors and hedge funds.
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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