Brokers Issue Forecasts for Bill Barrett Co.’s Q4 2017 Earnings (BBG)
Bill Barrett Co. (NYSE:BBG) – Research analysts at Seaport Global Securities issued their Q4 2017 earnings per share estimates for shares of Bill Barrett in a report released on Thursday. Seaport Global Securities analyst M. Kelly expects that the energy company will earn $0.01 per share for the quarter. Seaport Global Securities currently has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Bill Barrett’s Q3 2018 earnings at $0.03 EPS.
Other equities research analysts also recently issued reports about the stock. Scotiabank restated a “buy” rating and issued a $10.00 target price on shares of Bill Barrett in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of Bill Barrett from a “hold” rating to a “buy” rating and set a $5.75 target price for the company in a research note on Monday, February 5th. Barclays lowered their target price on shares of Bill Barrett from $7.00 to $6.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 12th. KeyCorp restated a “hold” rating on shares of Bill Barrett in a research note on Monday, October 16th. Finally, BMO Capital Markets set a $6.00 target price on shares of Bill Barrett and gave the company a “hold” rating in a research note on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $6.63.
In other news, CEO R Scot Woodall sold 10,000 shares of Bill Barrett stock in a transaction on Friday, December 15th. The shares were sold at an average price of $4.64, for a total transaction of $46,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.70% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Sterling Investment Advisors Ltd. raised its holdings in shares of Bill Barrett by 100.0% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 20,000 shares of the energy company’s stock worth $103,000 after purchasing an additional 10,000 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Bill Barrett during the fourth quarter worth $128,000. Engineers Gate Manager LP purchased a new position in shares of Bill Barrett during the third quarter worth $120,000. Fox Run Management L.L.C. purchased a new position in shares of Bill Barrett during the fourth quarter worth $160,000. Finally, UBS Asset Management Americas Inc. raised its holdings in shares of Bill Barrett by 53.5% during the fourth quarter. UBS Asset Management Americas Inc. now owns 41,136 shares of the energy company’s stock worth $211,000 after purchasing an additional 14,336 shares during the last quarter. 85.49% of the stock is owned by hedge funds and other institutional investors.
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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.
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