Bill Barrett Corporation (BBG) Given a $6.00 Price Target at BMO Capital Markets
BMO Capital Markets set a $6.00 price target on Bill Barrett Corporation (NYSE:BBG) in a research note published on Tuesday morning. The firm currently has a hold rating on the energy company’s stock.
BBG has been the topic of several other research reports. ValuEngine lowered shares of Bill Barrett Corporation from a sell rating to a strong sell rating in a report on Friday, September 1st. Scotiabank reaffirmed a buy rating and issued a $10.00 target price on shares of Bill Barrett Corporation in a report 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 target price on the stock in a report on Thursday, November 2nd. KeyCorp reaffirmed a hold rating on shares of Bill Barrett Corporation in a report on Monday, October 16th. Finally, Stifel Nicolaus set a $7.00 target price on shares of Bill Barrett Corporation and gave the stock a buy rating in a report on Thursday, October 5th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. Bill Barrett Corporation currently has a consensus rating of Hold and a consensus price target of $6.42.
Shares of Bill Barrett Corporation (NYSE BBG) traded down $0.70 during mid-day trading on Tuesday, hitting $6.01. 2,867,300 shares of the stock were exchanged, compared to its average volume of 1,843,269. Bill Barrett Corporation has a 52 week low of $2.66 and a 52 week high of $8.24. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 1.30.
Bill Barrett Corporation (NYSE:BBG) last announced its quarterly earnings data on Tuesday, October 31st. The energy company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.12. Bill Barrett Corporation had a negative net margin of 49.61% and a negative return on equity of 7.59%. The company had revenue of $67.87 million during the quarter, compared to analysts’ expectations of $61.23 million. During the same quarter in the prior year, the company posted ($0.10) EPS. The business’s revenue was up 34.4% on a year-over-year basis. equities research analysts forecast that Bill Barrett Corporation will post -0.52 earnings per share for the current year.
In other Bill Barrett Corporation news, CEO R Scot Woodall sold 10,000 shares of the stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $4.19, for a total transaction of $41,900.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last three months, insiders have sold 30,000 shares of company stock worth $136,500. Insiders own 2.70% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Credit Suisse AG lifted its position in Bill Barrett Corporation by 32.0% during the 1st quarter. Credit Suisse AG now owns 125,073 shares of the energy company’s stock valued at $569,000 after purchasing an additional 30,293 shares during the period. GRT Capital Partners L.L.C. raised its position in shares of Bill Barrett Corporation by 17.2% in the 2nd quarter. GRT Capital Partners L.L.C. now owns 625,093 shares of the energy company’s stock valued at $1,919,000 after acquiring an additional 91,859 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of Bill Barrett Corporation by 128.3% in the 1st quarter. TIAA CREF Investment Management LLC now owns 1,064,618 shares of the energy company’s stock valued at $4,844,000 after acquiring an additional 598,376 shares during the period. Texas Permanent School Fund raised its position in shares of Bill Barrett Corporation by 1.6% in the 2nd quarter. Texas Permanent School Fund now owns 55,704 shares of the energy company’s stock valued at $171,000 after acquiring an additional 882 shares during the period. Finally, Royce & Associates LP raised its position in shares of Bill Barrett Corporation by 2.8% in the 2nd quarter. Royce & Associates LP now owns 1,239,035 shares of the energy company’s stock valued at $3,804,000 after acquiring an additional 33,500 shares during the period. Institutional investors own 86.90% of the company’s stock.
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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