Nationwide Fund Advisors Has $250,000 Position in Bill Barrett Co. (BBG)
Nationwide Fund Advisors lessened its stake in shares of Bill Barrett Co. (NYSE:BBG) by 66.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,213 shares of the energy company’s stock after selling 116,500 shares during the period. Nationwide Fund Advisors owned about 0.08% of Bill Barrett worth $250,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its holdings in Bill Barrett by 129.5% during the second quarter. BNP Paribas Arbitrage SA now owns 34,359 shares of the energy company’s stock worth $105,000 after acquiring an additional 19,385 shares in the last quarter. Arizona State Retirement System raised its holdings in Bill Barrett by 0.8% during the second quarter. Arizona State Retirement System now owns 39,760 shares of the energy company’s stock worth $122,000 after acquiring an additional 300 shares in the last quarter. Cornerstone Capital Management Holdings LLC. bought a new stake in Bill Barrett in the second quarter valued at approximately $148,000. Green Square Capital LLC raised its stake in Bill Barrett by 46.7% in the second quarter. Green Square Capital LLC now owns 55,000 shares of the energy company’s stock valued at $169,000 after buying an additional 17,500 shares during the period. Finally, Phocas Financial Corp. bought a new stake in Bill Barrett in the second quarter valued at approximately $171,000. Institutional investors and hedge funds own 85.72% of the company’s stock.
Several analysts have issued reports on the company. Barclays upped their price objective on Bill Barrett from $4.00 to $7.00 and gave the company an “equal weight” rating in a research note on Monday, November 20th. BMO Capital Markets set a $6.00 price objective on Bill Barrett and gave the company a “hold” rating in a research note on Tuesday, November 14th. ValuEngine lowered Bill Barrett from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. Imperial Capital upgraded Bill Barrett from an “in-line” rating to an “outperform” rating and set a $8.00 price objective on the stock in a research note on Thursday, November 2nd. Finally, Scotiabank restated a “buy” rating and issued a $10.00 price objective on shares of Bill Barrett in a research note on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $6.50.
Bill Barrett Co. (BBG) opened at $5.32 on Friday. Bill Barrett Co. has a 12-month low of $2.66 and a 12-month high of $7.58. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.78 and a quick ratio of 2.78. The company has a market capitalization of $398.24, a P/E ratio of -3.30 and a beta of 3.60.
Bill Barrett (NYSE:BBG) last posted its earnings results on Tuesday, October 31st. The energy company reported ($0.08) 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 company had revenue of $67.87 million for the quarter, compared to the consensus estimate of $61.23 million. During the same quarter in the prior year, the business earned ($0.10) earnings per share. The firm’s revenue for the quarter was up 34.4% on a year-over-year basis. sell-side analysts expect that Bill Barrett Co. will post -0.44 EPS for the current fiscal year.
Bill Barrett 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. 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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