Columbia Pacific Advisors LLC boosted its position in shares of Bill Barrett Co. (NYSE:BBG) by 14.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 409,256 shares of the energy company’s stock after acquiring an additional 50,406 shares during the quarter. Bill Barrett accounts for approximately 3.1% of Columbia Pacific Advisors LLC’s investment portfolio, making the stock its 12th biggest position. Columbia Pacific Advisors LLC owned 0.54% of Bill Barrett worth $2,099,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Northern Trust Corp boosted its holdings in Bill Barrett by 18.6% during the 2nd quarter. Northern Trust Corp now owns 902,822 shares of the energy company’s stock valued at $2,772,000 after acquiring an additional 141,490 shares during the period. Monashee Investment Management LLC purchased a new position in Bill Barrett during the 4th quarter valued at about $1,898,000. Macquarie Group Ltd. purchased a new position in Bill Barrett during the 3rd quarter valued at about $370,000. Cornerstone Capital Management Holdings LLC. boosted its holdings in Bill Barrett by 115.9% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 104,300 shares of the energy company’s stock valued at $447,000 after acquiring an additional 56,000 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in Bill Barrett by 39.7% during the 4th quarter. Victory Capital Management Inc. now owns 204,580 shares of the energy company’s stock valued at $1,049,000 after acquiring an additional 58,125 shares during the period. Institutional investors own 88.81% of the company’s stock.
Several brokerages have recently issued reports on BBG. Zacks Investment Research upgraded Bill Barrett from a “hold” rating to a “buy” rating and set a $5.25 price objective for the company in a research note on Monday. SunTrust Banks began coverage on Bill Barrett in a research note on Friday, March 2nd. They issued a “buy” rating and a $7.00 price objective for the company. ValuEngine cut Bill Barrett from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. BMO Capital Markets set a $6.00 price objective on Bill Barrett and gave the company a “hold” rating in a research note on Tuesday, November 14th. Finally, Imperial Capital upgraded Bill Barrett from an “in-line” rating to an “outperform” rating and set a $9.00 price objective for the company in a research note on Monday, February 5th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $6.48.
Shares of Bill Barrett Co. (BBG) opened at $4.72 on Tuesday. Bill Barrett Co. has a 52 week low of $2.66 and a 52 week high of $6.93. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.47 and a quick ratio of 2.47.
Bill Barrett (NYSE:BBG) last posted its earnings results on Tuesday, February 27th. The energy company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.04. The firm had revenue of $83.40 million during the quarter, compared to analysts’ expectations of $82.50 million. Bill Barrett had a negative return on equity of 5.27% and a negative net margin of 54.67%. The firm’s revenue was up 61.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.18) earnings per share. analysts anticipate that Bill Barrett Co. will post 0.16 earnings per share for the current fiscal year.
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Bill Barrett 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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