Bill Barrett Co. (NYSE:BBG) – Investment analysts at Seaport Global Securities issued their Q4 2017 earnings estimates for shares of Bill Barrett in a report issued on Thursday. Seaport Global Securities analyst M. Kelly forecasts that the energy company will earn $0.01 per share for the quarter. Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Bill Barrett’s Q3 2018 earnings at $0.03 EPS.
Several other research firms have also issued reports on BBG. Barclays boosted their price target on Bill Barrett from $4.00 to $7.00 and gave the company an “equal weight” rating in a report on Monday, November 20th. BMO Capital Markets set a $6.00 price target on Bill Barrett and gave the company a “hold” rating in a report on Tuesday, November 14th. ValuEngine lowered Bill Barrett from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Zacks Investment Research raised Bill Barrett from a “hold” rating to a “buy” rating and set a $5.75 price target for the company in a report on Monday. Finally, Imperial Capital raised Bill Barrett from an “in-line” rating to an “outperform” rating and set a $9.00 price target for the company in a report on Monday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $6.63.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sterling Investment Advisors Ltd. boosted its stake in shares of Bill Barrett by 100.0% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 20,000 shares of the energy company’s stock worth $103,000 after acquiring an additional 10,000 shares during the period. Teacher Retirement System of Texas bought a new position in shares of Bill Barrett in the fourth quarter worth about $128,000. Engineers Gate Manager LP bought a new position in shares of Bill Barrett in the third quarter worth about $120,000. Fox Run Management L.L.C. bought a new position in shares of Bill Barrett in the fourth quarter worth about $160,000. Finally, Highbridge Capital Management LLC bought a new position in shares of Bill Barrett in the third quarter worth about $181,000. 85.49% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO R Scot Woodall sold 10,000 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $4.64, for a total value of $46,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.
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