Bill Barrett Corp. (BBG) Given Sector Outperform Rating at Scotiabank
Scotiabank reaffirmed their sector outperform rating on shares of Bill Barrett Corp. (NYSE:BBG) in a research note published on Saturday. Scotiabank currently has a $14.00 target price on the energy company’s stock, up from their previous target price of $12.00.
Several other research analysts have also recently issued reports on BBG. Canaccord Genuity set a $7.00 price target on Bill Barrett Corp. and gave the stock a hold rating in a research note on Saturday, August 6th. Cantor Fitzgerald reissued a hold rating on shares of Bill Barrett Corp. in a research note on Sunday, August 14th. Zacks Investment Research raised Bill Barrett Corp. from a hold rating to a buy rating and set a $6.75 price target for the company in a research note on Monday, August 15th. Johnson Rice started coverage on Bill Barrett Corp. in a research note on Thursday, June 30th. They issued a buy rating for the company. Finally, Barclays PLC cut their price objective on Bill Barrett Corp. from $8.00 to $6.00 and set an equal weight rating for the company in a report on Thursday, August 11th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $7.67.
Bill Barrett Corp. (NYSE:BBG) traded down 1.34% during mid-day trading on Friday, reaching $5.17. The company had a trading volume of 2,255,947 shares. The stock’s 50-day moving average is $5.78 and its 200 day moving average is $6.52. The firm’s market capitalization is $311.28 million. Bill Barrett Corp. has a 12 month low of $2.19 and a 12 month high of $9.38.
Bill Barrett Corp. (NYSE:BBG) last released its quarterly earnings results on Thursday, August 4th. The energy company reported ($0.13) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $0.08. Bill Barrett Corp. had a negative return on equity of 3.97% and a negative net margin of 304.34%. The company earned $57.28 million during the quarter, compared to analysts’ expectations of $55.67 million. During the same quarter in the prior year, the business posted ($0.18) earnings per share. The company’s revenue for the quarter was down 24.5% compared to the same quarter last year. On average, analysts predict that Bill Barrett Corp. will post ($0.70) earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in BBG. EAM Investors LLC acquired a new stake in shares of Bill Barrett Corp. during the second quarter valued at about $703,000. Emerald Acquisition Ltd. acquired a new stake in shares of Bill Barrett Corp. during the second quarter valued at about $5,559,000. Quantbot Technologies LP increased its stake in shares of Bill Barrett Corp. by 908.1% in the second quarter. Quantbot Technologies LP now owns 21,171 shares of the energy company’s stock valued at $135,000 after buying an additional 19,071 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Bill Barrett Corp. by 12.6% in the second quarter. Bank of New York Mellon Corp now owns 1,846,257 shares of the energy company’s stock valued at $11,798,000 after buying an additional 206,825 shares in the last quarter. Finally, Monarch Partners Asset Management LLC acquired a new stake in shares of Bill Barrett Corp. during the second quarter valued at about $138,000.
Bill Barrett Corp. Company Profile
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. The Company develops oil and natural gas in the Rocky Mountain region of the United States.
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