Bill Barrett Corporation (NYSE:BBG)’s share price traded down 8.2% during mid-day trading on Tuesday . The stock traded as low as $5.56 and last traded at $5.68. 3,077,227 shares changed hands during mid-day trading, an increase of 66% from the average session volume of 1,850,188 shares. The stock had previously closed at $6.19.
Several equities analysts have recently issued reports on the stock. Barclays PLC lifted their price objective on shares of Bill Barrett Corporation from $4.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Monday. BMO Capital Markets set a $6.00 price objective on shares of Bill Barrett Corporation and gave the stock a “hold” rating in a research note on Tuesday, November 14th. Scotiabank reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Bill Barrett Corporation in a research note on Wednesday, November 1st. Imperial Capital raised shares of Bill Barrett Corporation from an “in-line” rating to an “outperform” rating and set a $8.00 price objective on the stock in a research note on Thursday, November 2nd. Finally, ValuEngine raised shares of Bill Barrett Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 31st. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $6.58.
The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.78 and a current ratio of 2.78.
Bill Barrett Corporation (NYSE:BBG) last issued its quarterly earnings results on Tuesday, October 31st. The energy company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.12. The business had revenue of $67.87 million for the quarter, compared to the consensus estimate of $61.23 million. Bill Barrett Corporation had a negative net margin of 49.61% and a negative return on equity of 7.59%. The firm’s quarterly revenue was up 34.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.10) EPS. equities analysts expect that Bill Barrett Corporation will post -0.52 earnings per share for the current year.
In related news, CEO R Scot Woodall sold 10,000 shares of the stock in a transaction on Friday, October 6th. The stock was sold at an average price of $4.19, for a total value of $41,900.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 30,000 shares of company stock worth $136,500. 2.70% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Green Square Capital LLC raised its stake in Bill Barrett Corporation by 42.7% in the 3rd quarter. Green Square Capital LLC now owns 78,500 shares of the energy company’s stock valued at $337,000 after acquiring an additional 23,500 shares during the period. California Public Employees Retirement System raised its stake in Bill Barrett Corporation by 2.4% in the 3rd quarter. California Public Employees Retirement System now owns 1,207,668 shares of the energy company’s stock valued at $5,181,000 after acquiring an additional 28,868 shares during the period. Highbridge Capital Management LLC bought a new stake in Bill Barrett Corporation in the 3rd quarter valued at $181,000. Cornerstone Capital Management Holdings LLC. raised its stake in Bill Barrett Corporation by 115.9% in 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, Royce & Associates LP raised its stake in Bill Barrett Corporation by 1.6% in the 3rd quarter. Royce & Associates LP now owns 1,259,035 shares of the energy company’s stock valued at $5,401,000 after acquiring an additional 20,000 shares during the period. Institutional investors and hedge funds own 88.08% of the company’s stock.
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About Bill Barrett Corporation
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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