Wall Street analysts forecast that Bill Barrett Co. (NYSE:BBG) will announce sales of $82.23 million for the current quarter, Zacks reports. Five analysts have provided estimates for Bill Barrett’s earnings, with the highest sales estimate coming in at $84.74 million and the lowest estimate coming in at $79.12 million. Bill Barrett posted sales of $51.62 million in the same quarter last year, which suggests a positive year-over-year growth rate of 59.3%. The company is expected to report its next quarterly earnings results after the market closes on Tuesday, February 27th.
According to Zacks, analysts expect that Bill Barrett will report full-year sales of $82.23 million for the current financial year, with estimates ranging from $232.29 million to $273.45 million. For the next year, analysts forecast that the firm will post sales of $492.85 million per share, with estimates ranging from $471.10 million to $541.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Bill Barrett.
Several equities analysts have commented on the company. Zacks Investment Research cut Bill Barrett from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Imperial Capital raised Bill Barrett from an “in-line” rating to an “outperform” rating and set a $9.00 price target for the company in a report on Monday, February 5th. ValuEngine cut Bill Barrett from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Seaport Global Securities reaffirmed a “neutral” rating on shares of Bill Barrett in a report on Tuesday, December 19th. Finally, Barclays cut their price target on Bill Barrett from $7.00 to $6.00 and set an “equal weight” rating for the company in a report on Tuesday, December 12th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $6.63.
In other news, CEO R Scot Woodall sold 10,000 shares of the company’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 document filed with the SEC, which can be accessed through this link. Corporate insiders own 2.70% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in BBG. Franklin Resources Inc. bought a new stake in shares of Bill Barrett in the 4th quarter valued at approximately $53,865,000. Renaissance Technologies LLC grew its stake in shares of Bill Barrett by 48.2% in the 4th quarter. Renaissance Technologies LLC now owns 6,266,600 shares of the energy company’s stock valued at $32,148,000 after purchasing an additional 2,038,500 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of 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 period. BlackRock Inc. grew its stake in shares of Bill Barrett by 16.6% in the 4th quarter. BlackRock Inc. now owns 12,359,488 shares of the energy company’s stock valued at $63,406,000 after purchasing an additional 1,761,291 shares during the period. Finally, Millennium Management LLC grew its stake in shares of Bill Barrett by 175.1% in the 4th quarter. Millennium Management LLC now owns 2,425,230 shares of the energy company’s stock valued at $12,441,000 after purchasing an additional 1,543,634 shares during the period. Institutional investors own 91.01% of the company’s stock.
Bill Barrett (NYSE BBG) traded up $0.11 during midday trading on Monday, hitting $5.36. The company had a trading volume of 2,182,867 shares, compared to its average volume of 2,536,997. Bill Barrett has a fifty-two week low of $2.66 and a fifty-two week high of $6.93. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 1.30. The firm has a market cap of $400.53, a PE ratio of -3.33 and a beta of 3.65.
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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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