SunTrust Banks began coverage on shares of Bill Barrett (NYSE:BBG) in a research note issued to investors on Friday, MarketBeat reports. The brokerage set a “buy” rating and a $7.00 price target on the energy company’s stock. SunTrust Banks’ target price suggests a potential upside of 54.53% from the stock’s current price. SunTrust Banks also issued estimates for Bill Barrett’s Q1 2018 earnings at ($0.03) EPS, Q2 2018 earnings at $0.02 EPS, Q3 2018 earnings at $0.05 EPS, Q4 2018 earnings at $0.10 EPS, FY2018 earnings at $0.17 EPS, Q1 2019 earnings at $0.13 EPS, Q2 2019 earnings at $0.15 EPS, Q3 2019 earnings at $0.16 EPS, Q4 2019 earnings at $0.17 EPS and FY2019 earnings at $0.60 EPS.

Other analysts also recently issued research reports about the company. Imperial Capital raised Bill Barrett from an “in-line” rating to an “outperform” rating and set a $9.00 price target on the stock in a report on Monday, February 5th. ValuEngine downgraded Bill Barrett from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 12th. Zacks Investment Research downgraded Bill Barrett from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Seaport Global Securities reissued a “neutral” rating on shares of Bill Barrett in a report on Tuesday, December 19th. Finally, Barclays lowered their target price on Bill Barrett from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 12th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. Bill Barrett has an average rating of “Hold” and an average target price of $6.69.

Shares of Bill Barrett (NYSE BBG) opened at $4.53 on Friday. The stock has a market capitalization of $482.23, a P/E ratio of -2.57 and a beta of 3.59. Bill Barrett has a 1-year low of $2.66 and a 1-year high of $6.93. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.47 and a quick ratio of 2.78.

Bill Barrett (NYSE:BBG) last announced its quarterly earnings results on Tuesday, February 27th. The energy company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.04. The business had revenue of $83.40 million for the quarter, compared to the consensus estimate of $82.50 million. Bill Barrett had a negative return on equity of 5.27% and a negative net margin of 54.67%. The business’s revenue was up 61.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.18) EPS. analysts forecast that Bill Barrett will post 0.13 earnings per share for the current year.

In related news, CEO R Scot Woodall sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $4.64, for a total value of $46,400.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.70% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of BBG. Sterling Investment Advisors Ltd. increased its position in Bill Barrett by 100.0% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 20,000 shares of the energy company’s stock valued at $103,000 after acquiring an additional 10,000 shares during the period. Engineers Gate Manager LP acquired a new stake in Bill Barrett in the 3rd quarter valued at approximately $120,000. Teacher Retirement System of Texas acquired a new stake in Bill Barrett in the 4th quarter valued at approximately $128,000. Jump Trading LLC acquired a new position in shares of Bill Barrett during the 4th quarter valued at $134,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Bill Barrett during the 4th quarter valued at $160,000. Hedge funds and other institutional investors own 98.22% 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.

Analyst Recommendations for Bill Barrett (NYSE:BBG)

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