Zacks: Brokerages Expect Bill Barrett Co. (BBG) Will Post Earnings of -$0.03 Per Share

Equities research analysts expect Bill Barrett Co. (NYSE:BBG) to post earnings of ($0.03) per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Bill Barrett’s earnings, with estimates ranging from ($0.09) to $0.01. Bill Barrett reported earnings per share of ($0.18) in the same quarter last year, which would suggest a positive year-over-year growth rate of 83.3%. The firm is scheduled to issue its next earnings results after the market closes on Tuesday, February 27th.

According to Zacks, analysts expect that Bill Barrett will report full year earnings of ($0.43) per share for the current financial year, with EPS estimates ranging from ($0.51) to ($0.40). For the next year, analysts expect that the business will report earnings of $0.13 per share, with EPS estimates ranging from $0.03 to $0.20. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Bill Barrett.

A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of Bill Barrett from a “buy” rating to a “hold” rating in a report on Thursday. Imperial Capital raised shares of Bill Barrett from an “in-line” rating to an “outperform” rating and set a $9.00 target price on the stock in a report on Monday, February 5th. ValuEngine raised shares of Bill Barrett from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 31st. Barclays dropped their target price 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, Seaport Global Securities reissued a “neutral” rating on shares of Bill Barrett in a report on Tuesday, December 19th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. Bill Barrett currently has a consensus rating of “Hold” and a consensus price target of $6.63.

In related news, CEO R Scot Woodall sold 10,000 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $4.64, for a total value of $46,400.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.70% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Sterling Investment Advisors Ltd. increased its holdings in shares of Bill Barrett by 100.0% in the 4th 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 acquired a new stake in shares of Bill Barrett in the 4th quarter worth about $128,000. Engineers Gate Manager LP acquired a new stake in shares of Bill Barrett in the 3rd quarter worth about $120,000. Fox Run Management L.L.C. acquired a new stake in shares of Bill Barrett in the 4th quarter worth about $160,000. Finally, UBS Asset Management Americas Inc. increased its holdings in shares of Bill Barrett by 53.5% in the 4th quarter. UBS Asset Management Americas Inc. now owns 41,136 shares of the energy company’s stock worth $211,000 after acquiring an additional 14,336 shares during the period. 85.49% of the stock is currently owned by institutional investors and hedge funds.

Bill Barrett (NYSE:BBG) traded up $0.01 during midday trading on Friday, reaching $4.90. 3,603,977 shares of the company’s stock were exchanged, compared to its average volume of 2,409,314. Bill Barrett has a 12-month low of $2.66 and a 12-month high of $6.93. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 1.30. The company has a market cap of $373.07, a P/E ratio of -3.04 and a beta of 3.65.

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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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