Bill Barrett (BBG) Given a $6.00 Price Target at BMO Capital Markets

Bill Barrett (NYSE:BBG) received a $6.00 price objective from equities researchers at BMO Capital Markets in a research note issued to investors on Tuesday, November 14th. The brokerage currently has a “hold” rating on the energy company’s stock. BMO Capital Markets’ price objective points to a potential upside of 0.33% from the company’s previous close.

BBG has been the topic of a number of other research reports. Zacks Investment Research raised shares of Bill Barrett from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Imperial Capital upgraded shares of Bill Barrett from an “in-line” rating to an “outperform” rating and set a $8.00 price target for the company in a research report on Thursday, November 2nd. BidaskClub lowered shares of Bill Barrett from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. KeyCorp restated a “hold” rating on shares of Bill Barrett in a research report on Monday, October 16th. Finally, Stifel Nicolaus set a $7.00 price objective on shares of Bill Barrett and gave the stock a “buy” rating in a report on Thursday, October 5th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $6.58.

Shares of Bill Barrett (NYSE BBG) traded up $0.13 on Tuesday, hitting $5.98. The stock had a trading volume of 2,870,000 shares, compared to its average volume of 1,856,741. Bill Barrett has a 12 month low of $2.66 and a 12 month high of $8.24. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.78 and a quick ratio of 2.78.

Bill Barrett (NYSE:BBG) last announced its quarterly earnings results on Tuesday, October 31st. The energy company reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ 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 analysts’ expectations of $61.23 million. During the same quarter last year, the firm earned ($0.10) EPS. The firm’s revenue for the quarter was up 34.4% compared to the same quarter last year. sell-side analysts forecast that Bill Barrett will post -0.49 earnings per share for the current fiscal year.

In other Bill Barrett news, CEO R Scot Woodall sold 10,000 shares of the 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 30,000 shares of company stock worth $136,500. 2.70% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in BBG. BNP Paribas Arbitrage SA lifted its holdings in shares of Bill Barrett by 129.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 34,359 shares of the energy company’s stock worth $105,000 after acquiring an additional 19,385 shares during the last quarter. UBS Group AG raised its position in Bill Barrett by 50.2% during the first quarter. UBS Group AG now owns 26,186 shares of the energy company’s stock worth $119,000 after acquiring an additional 8,750 shares during the period. Engineers Gate Manager LP acquired a new position in Bill Barrett during the third quarter worth $120,000. UBS Asset Management Americas Inc. raised its position in Bill Barrett by 79.9% during the first quarter. UBS Asset Management Americas Inc. now owns 26,800 shares of the energy company’s stock worth $122,000 after acquiring an additional 11,900 shares during the period. Finally, Arizona State Retirement System raised its position in Bill Barrett by 0.8% during the second quarter. Arizona State Retirement System now owns 39,760 shares of the energy company’s stock worth $122,000 after acquiring an additional 300 shares during the period. Hedge funds and other institutional investors own 85.80% 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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