Bill Barrett Co. (NYSE:BBG) – Equities researchers at KeyCorp raised their FY2017 earnings estimates for shares of Bill Barrett in a research note issued to investors on Tuesday. KeyCorp analyst C. Stevens now anticipates that the energy company will post earnings per share of ($0.39) for the year, up from their prior estimate of ($0.41). KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Bill Barrett’s Q1 2018 earnings at ($0.01) EPS, Q2 2018 earnings at $0.03 EPS, Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.07 EPS, FY2018 earnings at $0.16 EPS, Q1 2019 earnings at $0.10 EPS, Q2 2019 earnings at $0.12 EPS, Q3 2019 earnings at $0.15 EPS and FY2019 earnings at $0.54 EPS.

Several other research analysts also recently commented on the stock. ValuEngine downgraded shares of Bill Barrett from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Barclays cut their target price on shares of Bill Barrett from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Tuesday. BMO Capital Markets set a $6.00 target price on shares of Bill Barrett and gave the company a “hold” rating in a research report on Tuesday, November 14th. Imperial Capital raised shares of Bill Barrett from an “in-line” rating to an “outperform” rating and set a $8.00 target price on the stock in a research report on Thursday, November 2nd. Finally, Scotiabank reissued a “buy” rating and set a $10.00 target price on shares of Bill Barrett in a research report on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $6.50.

Bill Barrett (BBG) opened at $4.60 on Friday. Bill Barrett has a 12 month low of $2.66 and a 12 month high of $7.70. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.78 and a quick ratio of 2.78.

Bill Barrett (NYSE:BBG) last posted its quarterly earnings results on Tuesday, October 31st. The energy company reported ($0.08) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.12. The company had revenue of $67.87 million for the quarter, compared to the consensus estimate of $61.23 million. Bill Barrett had a negative net margin of 49.61% and a negative return on equity of 7.59%. The firm’s revenue was up 34.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.10) EPS.

Institutional investors and hedge funds have recently bought and sold shares of the business. Arizona State Retirement System increased its holdings in shares of Bill Barrett by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 39,760 shares of the energy company’s stock valued at $122,000 after purchasing an additional 300 shares in the last quarter. Texas Permanent School Fund increased its holdings in shares of Bill Barrett by 1.6% during the 2nd quarter. Texas Permanent School Fund now owns 55,704 shares of the energy company’s stock valued at $171,000 after purchasing an additional 882 shares in the last quarter. Stevens Capital Management LP increased its holdings in shares of Bill Barrett by 1.3% during the 2nd quarter. Stevens Capital Management LP now owns 107,077 shares of the energy company’s stock valued at $329,000 after purchasing an additional 1,411 shares in the last quarter. National Asset Management Inc. increased its holdings in shares of Bill Barrett by 4.9% during the 2nd quarter. National Asset Management Inc. now owns 64,500 shares of the energy company’s stock valued at $199,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Bill Barrett by 4.8% during the 2nd quarter. Victory Capital Management Inc. now owns 162,345 shares of the energy company’s stock valued at $498,000 after purchasing an additional 7,410 shares in the last quarter. 85.77% of the stock is owned by institutional investors.

In other Bill Barrett news, CEO R Scot Woodall sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $6.42, for a total transaction of $64,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company 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.

Earnings History and Estimates for Bill Barrett (NYSE:BBG)

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