Bill Barrett Corp. (BBG) Sees Significant Growth in Short Interest
Bill Barrett Corp. (NYSE:BBG) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 11,773,540 shares, a growth of 111.9% from the October 14th total of 5,555,964 shares. Currently, 20.2% of the shares of the company are short sold. Based on an average daily volume of 1,875,389 shares, the short-interest ratio is currently 6.3 days.
BBG has been the topic of several research reports. Howard Weil raised their price objective on shares of Bill Barrett Corp. from $12.00 to $14.00 and gave the stock a “sector outperform” rating in a research report on Friday, October 14th. Zacks Investment Research downgraded shares of Bill Barrett Corp. from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 14th. Barclays PLC lowered their price objective on shares of Bill Barrett Corp. from $8.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 11th. Canaccord Genuity reaffirmed a “hold” rating and issued a $7.00 target price on shares of Bill Barrett Corp. in a report on Monday, November 7th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating on shares of Bill Barrett Corp. in a report on Sunday, August 14th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $7.67.
Shares of Bill Barrett Corp. (NYSE:BBG) opened at 6.65 on Thursday. Bill Barrett Corp. has a 52 week low of $2.19 and a 52 week high of $9.38. The firm’s market cap is $391.43 million. The company has a 50 day moving average of $5.62 and a 200 day moving average of $6.28.
Bill Barrett Corp. (NYSE:BBG) last posted its quarterly earnings results on Thursday, November 3rd. The energy company reported ($0.10) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.04. Bill Barrett Corp. had a negative net margin of 81.86% and a negative return on equity of 4.43%. The firm had revenue of $50.48 million for the quarter, compared to the consensus estimate of $62.91 million. During the same quarter in the previous year, the company earned ($0.09) earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts anticipate that Bill Barrett Corp. will post ($0.63) EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of BBG. Capital Fund Management S.A. acquired a new stake in Bill Barrett Corp. during the second quarter worth $100,000. Jefferies Group LLC acquired a new stake in Bill Barrett Corp. during the second quarter worth $102,000. BlackRock Inc. increased its stake in Bill Barrett Corp. by 391.5% in the second quarter. BlackRock Inc. now owns 16,677 shares of the energy company’s stock worth $106,000 after buying an additional 13,284 shares in the last quarter. Profund Advisors LLC increased its stake in Bill Barrett Corp. by 4.5% in the second quarter. Profund Advisors LLC now owns 16,790 shares of the energy company’s stock worth $107,000 after buying an additional 728 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in Bill Barrett Corp. by 711.5% in the second quarter. Tower Research Capital LLC TRC now owns 17,992 shares of the energy company’s stock worth $115,000 after buying an additional 15,775 shares in the last quarter.
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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