BNP Paribas Arbitrage SA lifted its stake in shares of Bill Barrett Co. (NYSE:BBG) by 33.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,009 shares of the energy company’s stock after buying an additional 11,650 shares during the quarter. BNP Paribas Arbitrage SA owned approximately 0.06% of Bill Barrett worth $197,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Boston Partners grew its position in shares of Bill Barrett by 27.7% during the third quarter. Boston Partners now owns 1,592,617 shares of the energy company’s stock worth $6,833,000 after buying an additional 345,380 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in Bill Barrett by 8.5% during the third quarter. Canada Pension Plan Investment Board now owns 354,600 shares of the energy company’s stock worth $1,521,000 after purchasing an additional 27,800 shares during the last quarter. Phocas Financial Corp. bought a new position in Bill Barrett during the second quarter worth $171,000. Wasatch Advisors Inc. lifted its stake in Bill Barrett by 15.3% during the second quarter. Wasatch Advisors Inc. now owns 797,863 shares of the energy company’s stock worth $2,449,000 after purchasing an additional 105,834 shares during the last quarter. Finally, National Asset Management Inc. lifted its stake in Bill Barrett by 4.9% during the second quarter. National Asset Management Inc. now owns 64,500 shares of the energy company’s stock worth $199,000 after purchasing an additional 3,000 shares during the last quarter. 85.77% of the stock is owned by institutional investors and hedge funds.

A number of research firms have issued reports on BBG. ValuEngine cut Bill Barrett from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Barclays decreased their price objective on Bill Barrett from $7.00 to $6.00 and set an “equal weight” rating for the company in a research report on Tuesday. BMO Capital Markets set a $6.00 price target on Bill Barrett and gave the company a “hold” rating in a report on Tuesday, November 14th. Imperial Capital upgraded Bill Barrett from an “in-line” rating to an “outperform” rating and set a $8.00 price target for the company in a report on Thursday, November 2nd. Finally, Scotiabank restated a “buy” rating and issued a $10.00 target price on shares of Bill Barrett in a report on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $6.50.

Bill Barrett Co. (BBG) opened at $4.60 on Friday. The company has a current ratio of 2.78, a quick ratio of 2.78 and a debt-to-equity ratio of 1.30. Bill Barrett Co. has a one year low of $2.66 and a one year high of $7.70.

Bill Barrett (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, beating the consensus estimate of ($0.20) by $0.12. Bill Barrett had a negative return on equity of 7.59% and a negative net margin of 49.61%. The business had revenue of $67.87 million for the quarter, compared to analyst estimates of $61.23 million. During the same quarter in the prior year, the firm posted ($0.10) earnings per share. The firm’s revenue for the quarter was up 34.4% compared to the same quarter last year. research analysts predict that Bill Barrett Co. will post -0.48 earnings per share for the current year.

In related news, CEO R Scot Woodall sold 10,000 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $6.42, for a total value of $64,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate 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.

Institutional Ownership by Quarter for Bill Barrett (NYSE:BBG)

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