Bill Barrett Corporation (BBG) Releases Earnings Results, Beats Estimates By $0.07 EPS

Bill Barrett Corporation (NYSE:BBG) posted its quarterly earnings data on Tuesday, August 1st. The energy company reported ($0.17) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.07, Bloomberg Earnings reports. Bill Barrett Corporation had a negative return on equity of 7.65% and a negative net margin of 52.54%. The company had revenue of $51.07 million during the quarter, compared to analyst estimates of $53.57 million. During the same quarter last year, the company earned ($0.13) earnings per share. The firm’s quarterly revenue was up 8.0% on a year-over-year basis.

Bill Barrett Corporation (BBG) traded up 0.69% on Friday, hitting $2.90. The stock had a trading volume of 1,569,635 shares. The company’s 50 day moving average price is $3.20 and its 200 day moving average price is $4.06. Bill Barrett Corporation has a 52-week low of $2.75 and a 52-week high of $8.24. The firm’s market cap is $217.15 million.

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Several institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its position in shares of Bill Barrett Corporation by 129.5% in the second quarter. BNP Paribas Arbitrage SA now owns 34,359 shares of the energy company’s stock worth $105,000 after buying an additional 19,385 shares during the period. Cutler Group LP raised its position in shares of Bill Barrett Corporation by 3,046.7% in the second quarter. Cutler Group LP now owns 37,760 shares of the energy company’s stock worth $115,000 after buying an additional 36,560 shares during the period. UBS Group AG raised its position in shares of Bill Barrett Corporation by 50.2% in the first quarter. UBS Group AG now owns 26,186 shares of the energy company’s stock worth $119,000 after buying an additional 8,750 shares during the period. UBS Asset Management Americas Inc. raised its position in shares of Bill Barrett Corporation by 79.9% in the first 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 period. Finally, Arizona State Retirement System raised its position in shares of Bill Barrett Corporation by 0.8% in the second quarter. Arizona State Retirement System now owns 39,760 shares of the energy company’s stock worth $122,000 after buying an additional 300 shares during the period.

A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Bill Barrett Corporation from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. BMO Capital Markets set a $3.00 price target on Bill Barrett Corporation and gave the company a “hold” rating in a research report on Saturday, August 12th. BidaskClub downgraded Bill Barrett Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. KLR Group restated a “buy” rating and set a $8.00 price target (up previously from $7.00) on shares of Bill Barrett Corporation in a research report on Thursday, August 3rd. Finally, Seaport Global Securities downgraded Bill Barrett Corporation from a “neutral” rating to a “sell” rating and lowered their price target for the company from $6.00 to $1.50 in a research report on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. Bill Barrett Corporation has a consensus rating of “Hold” and an average target price of $6.92.

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.

Earnings History for Bill Barrett Corporation (NYSE:BBG)

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