Q1 2017 Earnings Forecast for Bill Barrett Co. (BBG) Issued By KeyCorp
Bill Barrett Co. (NYSE:BBG) – Analysts at KeyCorp reduced their Q1 2017 earnings estimates for shares of Bill Barrett in a research note issued to investors on Tuesday. KeyCorp analyst C. Stevens now forecasts that the energy company will earn ($0.25) per share for the quarter, down from their prior estimate of ($0.23). KeyCorp also issued estimates for Bill Barrett’s Q2 2017 earnings at ($0.23) EPS, Q3 2017 earnings at ($0.18) EPS, Q4 2017 earnings at ($0.17) EPS, FY2017 earnings at ($0.83) EPS, Q1 2018 earnings at ($0.12) EPS, Q3 2018 earnings at ($0.01) EPS, Q4 2018 earnings at $0.00 EPS and FY2018 earnings at ($0.19) EPS.
Bill Barrett (NYSE:BBG) last released its quarterly earnings data on Thursday, March 2nd. The energy company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.12) by $0.06. The firm earned $51.60 million during the quarter, compared to the consensus estimate of $66.47 million. Bill Barrett had a negative net margin of 81.86% and a negative return on equity of 4.43%. The business’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 earnings per share.
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BBG has been the subject of several other reports. Wunderlich dropped their target price on Bill Barrett from $8.00 to $5.00 and set a “hold” rating for the company in a research note on Friday, March 3rd. National Securities dropped their target price on Bill Barrett from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, February 28th. Canaccord Genuity reiterated a “hold” rating and issued a $8.00 target price on shares of Bill Barrett in a research note on Thursday, January 12th. BMO Capital Markets reiterated a “hold” rating and issued a $8.00 target price on shares of Bill Barrett in a research note on Wednesday, January 11th. Finally, Zacks Investment Research lowered Bill Barrett from a “buy” rating to a “hold” rating in a research note on Tuesday, February 7th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $8.38.
Shares of Bill Barrett (NYSE:BBG) opened at 3.85 on Friday. The company has a 50 day moving average price of $4.41 and a 200 day moving average price of $5.93. Bill Barrett has a 12-month low of $3.84 and a 12-month high of $9.38. The company’s market capitalization is $286.42 million.
A number of large investors have recently made changes to their positions in BBG. Louisiana State Employees Retirement System raised its stake in shares of Bill Barrett by 27.3% in the first quarter. Louisiana State Employees Retirement System now owns 30,800 shares of the energy company’s stock valued at $140,000 after buying an additional 6,600 shares in the last quarter. Empyrean Capital Partners LP purchased a new stake in shares of Bill Barrett during the fourth quarter valued at approximately $2,971,000. Teachers Advisors LLC raised its stake in shares of Bill Barrett by 40.6% in the fourth quarter. Teachers Advisors LLC now owns 105,945 shares of the energy company’s stock valued at $741,000 after buying an additional 30,571 shares in the last quarter. Numeric Investors LLC purchased a new stake in shares of Bill Barrett during the fourth quarter valued at approximately $627,000. Finally, Thrivent Financial for Lutherans raised its stake in shares of Bill Barrett by 21.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 37,580 shares of the energy company’s stock valued at $263,000 after buying an additional 6,640 shares in the last quarter. Institutional investors own 83.00% of the company’s stock.
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. The Company develops oil and natural gas in the Rocky Mountain region of the United States.
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