Bill Barrett Corporation (BBG) Getting Somewhat Positive Press Coverage, Study Shows
Media coverage about Bill Barrett Corporation (NYSE:BBG) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Bill Barrett Corporation earned a news impact score of 0.14 on Accern’s scale. Accern also assigned headlines about the energy company an impact score of 46.0875557448177 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern’s scoring:
- Bill Barrett Corporation (NYSE:BBG) Traded Significantly Above Its 50 Day Average – First News 24 (firstnewspaper24.com)
- Bill Barrett Corporation (NYSE:BBG) Stock Closed Well Above Its 50 Day Moving Average – First News 24 (firstnewspaper24.com)
- Why Bill Barrett (BBG) Could Be Positioned for a Surge (finance.yahoo.com)
- Zacks: Analysts Expect Bill Barrett Corporation (BBG) Will Post Quarterly Sales of $54.99 Million (americanbankingnews.com)
- -$0.21 Earnings Per Share Expected for Bill Barrett Corporation (BBG) This Quarter (americanbankingnews.com)
Several research firms have recently commented on BBG. KeyCorp reissued a “hold” rating on shares of Bill Barrett Corporation in a research note on Tuesday, September 12th. Zacks Investment Research raised Bill Barrett Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. BMO Capital Markets set a $3.00 target price on Bill Barrett Corporation and gave the company a “hold” rating in a research note on Saturday, August 12th. BidaskClub cut Bill Barrett Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Finally, KLR Group reissued a “buy” rating and issued a $8.00 target price (up from $7.00) on shares of Bill Barrett Corporation in a research note on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. Bill Barrett Corporation currently has a consensus rating of “Hold” and a consensus price target of $6.92.
Shares of Bill Barrett Corporation (NYSE:BBG) opened at 4.04 on Monday. The company’s 50 day moving average price is $3.15 and its 200-day moving average price is $3.61. Bill Barrett Corporation has a 52 week low of $2.66 and a 52 week high of $8.24. The firm’s market capitalization is $302.52 million.
Bill Barrett Corporation (NYSE:BBG) last announced its earnings results on Tuesday, August 1st. The energy company reported ($0.17) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.07. The business had revenue of $51.07 million during the quarter, compared to analyst estimates of $53.57 million. Bill Barrett Corporation had a negative return on equity of 7.65% and a negative net margin of 52.54%. Bill Barrett Corporation’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the company earned ($0.13) EPS. On average, equities research analysts expect that Bill Barrett Corporation will post ($0.79) EPS for the current fiscal year.
In related news, CEO R Scot Woodall sold 10,000 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $3.04, for a total transaction of $30,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is owned by company insiders.
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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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