The stock of Bill Barrett Corporation (NYSE:BBG) is a huge mover today! About 630,352 shares traded hands. Bill Barrett Corporation (NYSE:BBG) has declined 6.79% since March 16, 2016 and is downtrending. It has underperformed by 12.34% the S&P500.
The move comes after 5 months positive chart setup for the $359.24M company. It was reported on Oct, 19 by Barchart.com. We have $12.16 PT which if reached, will make NYSE:BBG worth $405.94 million more.
Analysts await Bill Barrett Corporation (NYSE:BBG) to report earnings on November, 3. They expect $-0.16 EPS, down 77.78% or $0.07 from last year’s $-0.09 per share. After $-0.13 actual EPS reported by Bill Barrett Corporation for the previous quarter, Wall Street now forecasts 23.08% negative EPS growth.
Bill Barrett Corporation (NYSE:BBG) Ratings Coverage
Out of 14 analysts covering Bill Barrett Corporation (NYSE:BBG), 3 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 21% are positive. Bill Barrett Corporation has been the topic of 40 analyst reports since July 21, 2015 according to StockzIntelligence Inc. BMO Capital Markets maintained the shares of BBG in a report on Friday, September 4 with “Market Perform” rating. The stock has “Accumulate” rating given by KLR Group on Tuesday, August 11. The stock has “Sector Outperform” rating given by Howard Weil on Friday, October 14. The firm has “Buy” rating given on Friday, November 6 by Deutsche Bank. The stock has “Hold” rating given by Cantor Fitzgerald on Tuesday, April 26. The stock of Bill Barrett Corporation (NYSE:BBG) earned “Neutral” rating by Northcoast on Friday, March 11. The firm has “Buy” rating by Canaccord Genuity given on Wednesday, September 30. Ladenburg Thalmann downgraded the stock to “Neutral” rating in Wednesday, January 27 report. Deutsche Bank maintained Bill Barrett Corporation (NYSE:BBG) on Tuesday, June 14 with “Hold” rating. The stock has “Neutral” rating given by JP Morgan on Tuesday, October 13.
According to Zacks Investment Research, “Bill Barrett Corporation, headquartered in Denver, explores for and develops oil and natural gas in the Rocky Mountain region of the United States. The Company has projects in nine basins in the Rocky Mountains.”
Insitutional Activity: The institutional sentiment is 1.15 in 2016 Q2. Its the same as in 2016Q1. The ratio is flat, as 15 funds sold all Bill Barrett Corporation shares owned while 45 reduced positions. only 32 funds bought stakes while 37 increased positions. They now own 59.89 million shares or 9.59% more from 54.65 million shares in 2016Q1.
Franklin Resource has 8.60M shares for 0.03% of their US portfolio. Tower Research Cap Llc (Trc) last reported 17,992 shares in the company. Teachers Retirement System Of The State Of Kentucky accumulated 0% or 18,200 shares. Highbridge Capital Limited, a New York-based fund reported 128,082 shares. Moreover, Deprince Race Zollo has 0.01% invested in Bill Barrett Corporation (NYSE:BBG) for 55,776 shares. Timber Hill Limited Liability Co reported 16,285 shares or 0% of all its holdings. Moreover, Kbc Group Inc Nv has 0.01% invested in Bill Barrett Corporation (NYSE:BBG) for 115,004 shares. Moreover, Credit Suisse Ag has 0% invested in Bill Barrett Corporation (NYSE:BBG) for 146,341 shares. California Pub Employees Retirement Sys holds 0.02% of its portfolio in Bill Barrett Corporation (NYSE:BBG) for 1.63 million shares. Trexquant Inv L P accumulated 0.05% or 54,818 shares. New York State Common Retirement Fund last reported 0% of its portfolio in the stock. Principal Gp Incorporated accumulated 0% or 354,094 shares. Deutsche National Bank Ag holds 0% of its portfolio in Bill Barrett Corporation (NYSE:BBG) for 918,290 shares. Driehaus Cap Mngmt Ltd Limited Liability Company holds 75,763 shares or 0.02% of its portfolio. Wellington Management Gru Limited Liability Partnership accumulated 203,290 shares or 0% of the stock.
More notable recent Bill Barrett Corporation (NYSE:BBG) news were published by: Prnewswire.com which released: “Bill Barrett Corporation Provides Third Quarter 2016 Commodity Price and …” on October 18, 2016, also Prnewswire.com with their article: “Bill Barrett Corporation Schedules Third Quarter 2016 Financial Results …” published on October 14, 2016, Fool.com published: “Why Bill Barrett Corporation’s Stock Is Soaring Today” on August 15, 2016. More interesting news about Bill Barrett Corporation (NYSE:BBG) were released by: Prnewswire.com and their article: “Bill Barrett Corporation Announces Debt Exchange” published on June 02, 2016 as well as Prnewswire.com‘s news article titled: “Bill Barrett Corporation Reports Second Quarter 2016 Financial and Operating …” with publication date: August 04, 2016.
BBG Company Profile
Bill Barrett Corporation, incorporated on April 29, 2002, is an independent energy firm that develops, acquires and explores for oil and natural gas resources. The Company’s assets and activities are located in the Rocky Mountain region of the United States. The Firm develops oil and natural gas in the Rocky Mountain region of the United States. The Firm has over two areas of production, including The Denver-Julesburg Basin (DJ Basin) and the Uinta Oil Program in the Uinta Basin.
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