Bill Barrett Co. (NYSE:BBG) – Equities research analysts at Seaport Global Securities lowered their Q1 2018 earnings per share estimates for Bill Barrett in a research note issued to investors on Thursday. Seaport Global Securities analyst M. Kelly now forecasts that the energy company will post earnings of ($0.04) per share for the quarter, down from their previous estimate of ($0.03). Seaport Global Securities currently has a “Neutral” rating on the stock.
A number of other equities research analysts have also issued reports on the company. Zacks Investment Research lowered Bill Barrett from a “buy” rating to a “hold” rating in a research note on Thursday. 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 research note on Monday, February 5th. ValuEngine lowered Bill Barrett from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Barclays decreased their target price on Bill Barrett from $7.00 to $6.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 12th. Finally, BMO Capital Markets set a $6.00 target price on Bill Barrett and gave the company a “hold” rating in a research report on Tuesday, November 14th. Two investment 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 currently has a consensus rating of “Hold” and a consensus target price of $6.63.
Several large investors have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Bill Barrett by 16.6% in the 4th quarter. BlackRock Inc. now owns 12,359,488 shares of the energy company’s stock valued at $63,406,000 after acquiring an additional 1,761,291 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Bill Barrett by 40.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,214,771 shares of the energy company’s stock valued at $19,079,000 after acquiring an additional 1,777,309 shares during the period. Boston Partners increased its holdings in shares of Bill Barrett by 68.7% in the 4th quarter. Boston Partners now owns 2,687,483 shares of the energy company’s stock valued at $13,786,000 after acquiring an additional 1,094,866 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Bill Barrett by 6.1% in the 4th quarter. Bank of New York Mellon Corp now owns 2,080,328 shares of the energy company’s stock valued at $10,673,000 after acquiring an additional 120,057 shares during the period. Finally, Royce & Associates LP increased its holdings in shares of Bill Barrett by 11.2% in the 4th quarter. Royce & Associates LP now owns 1,399,535 shares of the energy company’s stock valued at $7,180,000 after acquiring an additional 140,500 shares during the period. Institutional investors and hedge funds own 85.49% of the company’s stock.
In other Bill Barrett news, CEO R Scot Woodall sold 10,000 shares of Bill Barrett stock in a transaction on Friday, December 15th. The stock was sold at an average price of $4.64, for a total transaction of $46,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.70% 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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