Q3 2017 EPS Estimates for Bill Barrett Corporation (BBG) Reduced by Analyst

Paterniano Del Favero
Agosto 6, 2017

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. Divisar Capital Management LLC now owns 1,716,839 shares of the energy company's stock worth $7,812,000 after buying an additional 991,935 shares during the last quarter. Ameriprise Financial Inc. owned about 0.74% of Bill Barrett Corporation worth $2,507,000 at the end of the most recent reporting period.

Legal & General Group Plc decreased its position in shares of Bill Barrett Corporation (NYSE:BBG) by 0.1% during the first quarter, Holdings Channel reports. Comerica Bank now owns 79,376 shares of the energy company's stock valued at $561,000 after buying an additional 18,478 shares during the period. Finally, OppenheimerFunds Inc. increased its stake in Bill Barrett Corporation by 99.0% in the first 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 last quarter. Teachers Advisors LLC raised its stake in shares of Bill Barrett Corporation by 40.6% in the fourth quarter. They now have a United States dollars 7 price target on the stock. Dimensional Fund Advisors LP increased its stake in Bill Barrett Corporation by 28.3% in the fourth quarter. Texas Permanent School Fund now owns 55,704 shares of the energy company's stock worth $171,000 after buying an additional 882 shares during the last quarter. Finally, Comerica Bank raised its stake in shares of Bill Barrett Corporation by 4.7% in the first quarter. 1316907 shares were traded on Bill Barrett Corporation's last session.

Stock research firms now have a positive stance on shares of Sage Therapeutics, Inc. The firm's market capitalization is $237.37 million. Shares of the company are trading at $3.50 just above the 50 day moving average of $3.20 and which is just a bit below the 200 day moving average of $4.37. Bill Barrett Corporation has a 1-year low of $2.75 and a 1-year high of $8.24.

Bill Barrett Corporation (NYSE:BBG) last issued its quarterly earnings results on Tuesday, August 1st. The energy company reported ($0.17) earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.24) by $0.07. Bill Barrett Corporation had a negative return on equity of 7.65% and a negative net margin of 52.54%. The firm had revenue of $51.07 million for the quarter, compared to analyst estimates of $53.57 million. KeyCorp analyst C. Stevens now anticipates that the energy company will post earnings per share of ($0.15) for the quarter, up from their previous forecast of ($0.17). The business's revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.13) EPS. If you are accessing this news story on another domain, it was copied illegally and reposted in violation of U.S. & worldwide trademark & copyright laws. The legal version of this news story can be viewed at https://www.baseball-news-blog.com/2017/08/05/bill-barrett-corporation-nysebbg-shares-bought-by-ameriprise-financial-inc-updated-updated-updated.html.

BBG has been the topic of several research analyst reports.

Today, KLR Group reiterated its Buy rating on Bill Barrett Corporation (NYSE:BBG) with a price target of $8.00.

Brokerage firms now have a positive stance on shares of Bill Barrett Corporation (NYSE:BBG). Zacks Investment Research upgraded shares of Bill Barrett Corporation from a "sell" rating to a "hold" rating in a research note on Monday, July 24th. FBR & Co lowered their target price on shares of Bill Barrett Corporation from $6.00 to $5.00 and set a "market perform" rating for the company in a research note on Thursday, May 4th.

Equities research analysts at KeyCorp increased their Q3 2017 earnings estimates for Bill Barrett Corporation in a note issued to investors on Tuesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The company presently has an average rating of "Hold" and a consensus target price of $6.85.

Bill Barrett Corporation is an independent energy firm that develops, acquires and explores for oil and natural gas resources.

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