Analysts Offer Predictions for Bill Barrett Co.’s FY2017 Earnings (BBG)
Bill Barrett Co. (NYSE:BBG) – Research analysts at Imperial Capital issued their FY2017 EPS estimates for Bill Barrett in a report issued on Monday. Imperial Capital analyst J. Wangler anticipates that the energy company will earn ($0.41) per share for the year. Imperial Capital currently has a “Outperform” rating and a $9.00 target price on the stock. Imperial Capital also issued estimates for Bill Barrett’s Q1 2018 earnings at $0.00 EPS, Q2 2018 earnings at $0.03 EPS, Q3 2018 earnings at $0.04 EPS and Q4 2018 earnings at $0.05 EPS.
Several other research firms also recently commented on BBG. Scotiabank restated a “buy” rating and issued a $10.00 price target on shares of Bill Barrett in a research note on Wednesday, November 1st. BMO Capital Markets set a $6.00 price target on shares of Bill Barrett and gave the company a “hold” rating in a research note on Tuesday, November 14th. Zacks Investment Research upgraded shares of Bill Barrett from a “hold” rating to a “buy” rating and set a $5.75 price target on the stock in a research note on Monday. ValuEngine downgraded shares of Bill Barrett from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 12th. Finally, Barclays upped their price target on shares of Bill Barrett from $4.00 to $7.00 and gave the company an “equal weight” rating in a research note on Monday, November 20th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $6.63.
A number of institutional investors have recently made changes to their positions in BBG. Schwab Charles Investment Management Inc. grew its stake in Bill Barrett by 2.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 780,036 shares of the energy company’s stock worth $2,395,000 after buying an additional 19,017 shares in the last quarter. Alliancebernstein L.P. grew its stake in Bill Barrett by 71.1% during the second quarter. Alliancebernstein L.P. now owns 120,822 shares of the energy company’s stock worth $371,000 after buying an additional 50,200 shares in the last quarter. Teachers Advisors LLC lifted its holdings in shares of Bill Barrett by 20.5% in the second quarter. Teachers Advisors LLC now owns 146,775 shares of the energy company’s stock worth $451,000 after acquiring an additional 24,927 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in shares of Bill Barrett by 4.1% in the second quarter. TIAA CREF Investment Management LLC now owns 1,108,336 shares of the energy company’s stock worth $3,403,000 after acquiring an additional 43,718 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Bill Barrett by 18.6% in the second quarter. Northern Trust Corp now owns 902,822 shares of the energy company’s stock worth $2,772,000 after acquiring an additional 141,490 shares during the last quarter. Hedge funds and other institutional investors own 85.49% of the company’s stock.
In other Bill Barrett news, CEO R Scot Woodall sold 10,000 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $4.64, for a total transaction of $46,400.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.70% of the company’s stock.
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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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