Bill Barrett Corporation (NYSE:BBG) CEO R Scot Woodall Sells 10,000 Shares

Bill Barrett Corporation (NYSE:BBG) CEO R Scot Woodall sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $4.19, for a total value of $41,900.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

R Scot Woodall also recently made the following trade(s):

  • On Friday, September 8th, R Scot Woodall sold 10,000 shares of Bill Barrett Corporation stock. The shares were sold at an average price of $3.04, for a total value of $30,400.00.

Bill Barrett Corporation (NYSE:BBG) opened at 4.36 on Wednesday. Bill Barrett Corporation has a 52-week low of $2.66 and a 52-week high of $8.24. The company’s market capitalization is $326.48 million. The stock has a 50 day moving average price of $3.75 and a 200 day moving average price of $3.58.

Bill Barrett Corporation (NYSE:BBG) last released its earnings results on Tuesday, August 1st. The energy company reported ($0.17) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.07. The firm had revenue of $51.07 million during the quarter, compared to analyst estimates of $53.57 million. Bill Barrett Corporation had a negative return on equity of 7.65% and a negative net margin of 52.54%. Bill Barrett Corporation’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the business posted ($0.13) earnings per share. On average, equities analysts expect that Bill Barrett Corporation will post ($0.75) earnings per share for the current year.

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Several equities analysts have recently weighed in on BBG shares. Seaport Global Securities downgraded Bill Barrett Corporation from a “neutral” rating to a “sell” rating and reduced their price target for the company from $6.00 to $1.50 in a report on Wednesday, June 21st. BMO Capital Markets set a $2.00 target price on Bill Barrett Corporation and gave the stock a “hold” rating in a research report on Monday, June 26th. Zacks Investment Research raised Bill Barrett Corporation from a “hold” rating to a “buy” rating and set a $3.50 target price on the stock in a research report on Wednesday, July 12th. KLR Group reissued a “buy” rating and issued a $8.00 target price (up from $7.00) on shares of Bill Barrett Corporation in a research report on Thursday, August 3rd. Finally, BidaskClub cut Bill Barrett Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $5.71.

A number of hedge funds and other institutional investors have recently made changes to their positions in BBG. Teachers Advisors LLC lifted its holdings in Bill Barrett Corporation by 40.6% during the 4th quarter. Teachers Advisors LLC now owns 105,945 shares of the energy company’s stock worth $741,000 after buying an additional 30,571 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Bill Barrett Corporation by 8.9% during the 1st quarter. Russell Investments Group Ltd. now owns 735,976 shares of the energy company’s stock worth $3,348,000 after buying an additional 60,079 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Bill Barrett Corporation by 260.4% during the 1st quarter. Wells Fargo & Company MN now owns 127,743 shares of the energy company’s stock worth $581,000 after buying an additional 92,296 shares during the last quarter. Comerica Bank lifted its holdings in Bill Barrett Corporation by 4.7% during the 1st quarter. Comerica Bank now owns 83,117 shares of the energy company’s stock worth $327,000 after buying an additional 3,741 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in Bill Barrett Corporation by 79.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 26,800 shares of the energy company’s stock worth $122,000 after buying an additional 11,900 shares during the last quarter. 90.75% of the stock is owned by institutional investors.

About Bill Barrett Corporation

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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