Research Analysts Offer Predictions for Bill Barrett Co.’s FY2017 Earnings (BBG)
Bill Barrett Co. (NYSE:BBG) – Research analysts at Imperial Capital lifted their FY2017 earnings estimates for shares of Bill Barrett in a note issued to investors on Thursday. Imperial Capital analyst J. Wangler now forecasts that the energy company will post earnings of ($0.44) per share for the year, up from their prior estimate of ($0.45). Imperial Capital has a “Outperform” rating and a $8.00 price objective on the stock. Imperial Capital also issued estimates for Bill Barrett’s Q1 2018 earnings at ($0.05) EPS, Q2 2018 earnings at $0.00 EPS, Q3 2018 earnings at $0.01 EPS, Q4 2018 earnings at $0.03 EPS and FY2018 earnings at ($0.01) EPS.
A number of other research analysts have also issued reports on BBG. KeyCorp restated a “hold” rating on shares of Bill Barrett in a research report on Monday, October 16th. Zacks Investment Research upgraded shares of Bill Barrett from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. ValuEngine upgraded shares of Bill Barrett from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 31st. Stifel Nicolaus set a $7.00 target price on shares of Bill Barrett and gave the stock a “buy” rating in a research report on Thursday, October 5th. Finally, BMO Capital Markets set a $6.00 target price on shares of Bill Barrett and gave the stock a “hold” rating in a research report on Tuesday, November 14th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $6.58.
Bill Barrett (BBG) opened at $4.74 on Monday. Bill Barrett has a 52 week low of $2.66 and a 52 week high of $7.88. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 1.30.
Bill Barrett (NYSE:BBG) last announced its quarterly earnings results on Tuesday, October 31st. The energy company reported ($0.08) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.12. Bill Barrett had a negative net margin of 49.61% and a negative return on equity of 7.59%. The business had revenue of $67.87 million for the quarter, compared to analyst estimates of $61.23 million. During the same quarter in the prior year, the business earned ($0.10) EPS. Bill Barrett’s quarterly revenue was up 34.4% on a year-over-year basis.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in Bill Barrett by 40.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,214,771 shares of the energy company’s stock valued at $19,079,000 after purchasing an additional 1,777,309 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Bill Barrett by 7.8% during the first quarter. Vanguard Group Inc. now owns 5,483,818 shares of the energy company’s stock valued at $24,951,000 after acquiring an additional 397,849 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Bill Barrett by 12.2% during the second quarter. JPMorgan Chase & Co. now owns 5,312,279 shares of the energy company’s stock valued at $16,309,000 after acquiring an additional 579,442 shares during the last quarter. Divisar Capital Management LLC raised its stake in shares of Bill Barrett by 105.5% during the second quarter. Divisar Capital Management LLC now owns 3,528,178 shares of the energy company’s stock valued at $10,832,000 after acquiring an additional 1,811,339 shares during the last quarter. Finally, Boston Partners raised its stake in shares of Bill Barrett by 27.7% during the third quarter. Boston Partners now owns 1,592,617 shares of the energy company’s stock valued at $6,833,000 after acquiring an additional 345,380 shares during the last quarter. Institutional investors and hedge funds own 85.79% of the company’s stock.
In related news, CEO R Scot Woodall sold 10,000 shares of the 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 SEC, which is accessible through this link. Company 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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