Todays Report: Today, FY2016 EPS Estimates for Bill Barrett Corp. Upgraded by KeyCorp (BBG)

Today, FY2016 EPS Estimates for Bill Barrett Corp. Upgraded by KeyCorp (BBG)

Bill Barrett Corp. (NYSE:BBG) – Stock analysts at KeyCorp upped their FY2016 earnings estimates for shares of Bill Barrett Corp. in a research report issued on Tuesday. KeyCorp analyst C. Stevens now anticipates that the firm will earn ($0.60) per share for the year, up from their previous forecast of ($0.61). KeyCorp also issued estimates for Bill Barrett Corp.’s Q4 2016 earnings at ($0.10) EPS, Q3 2017 earnings at ($0.18) EPS, FY2017 earnings at ($0.79) EPS, Q1 2018 earnings at ($0.11) EPS, Q2 2018 earnings at ($0.08) EPS and Q3 2018 earnings at ($0.06) EPS.

Bill Barrett Corp. (NYSE:BBG) last announced its quarterly earnings results on Thursday, November 3rd. The energy company reported ($0.10) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.04. The company had revenue of $50.48 million for the quarter, compared to analysts’ expectations of $62.91 million. Bill Barrett Corp. had a negative net margin of 81.86% and a negative return on equity of 4.43%. Bill Barrett Corp.’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.09) EPS.

Other analysts have also issued research reports about the company. Zacks Investment Research lowered Bill Barrett Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Canaccord Genuity set a $7.00 price target on Bill Barrett Corp. and gave the company a “hold” rating in a research note on Saturday, August 6th. Barclays PLC cut their price target on Bill Barrett Corp. from $8.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 11th. Cantor Fitzgerald restated a “hold” rating on shares of Bill Barrett Corp. in a research note on Sunday, August 14th. Finally, Scotiabank restated a “sector outperform” rating and set a $14.00 price target (up previously from $12.00) on shares of Bill Barrett Corp. in a research note on Saturday, October 15th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $7.67.

Bill Barrett Corp. (NYSE:BBG) opened at 7.38 on Thursday. Bill Barrett Corp. has a 52 week low of $2.19 and a 52 week high of $9.38. The company’s market cap is $434.40 million. The company has a 50-day moving average of $5.82 and a 200-day moving average of $6.28.

Large investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake in shares of Bill Barrett Corp. by 112.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 142,012 shares of the energy company’s stock valued at $790,000 after buying an additional 75,200 shares in the last quarter. Cornerstone Capital Management Holdings LLC. increased its stake in Bill Barrett Corp. by 660.7% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 458,700 shares of the energy company’s stock worth $2,549,000 after buying an additional 398,400 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Bill Barrett Corp. by 29.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,312,500 shares of the energy company’s stock worth $7,298,000 after buying an additional 302,100 shares during the period. Panagora Asset Management Inc. increased its stake in Bill Barrett Corp. by 58.5% in the third quarter. Panagora Asset Management Inc. now owns 197,999 shares of the energy company’s stock worth $1,101,000 after buying an additional 73,111 shares during the period. Finally, Highbridge Capital Management LLC increased its stake in Bill Barrett Corp. by 297.6% in the third quarter. Highbridge Capital Management LLC now owns 509,214 shares of the energy company’s stock worth $2,831,000 after buying an additional 381,132 shares during the period.

Bill Barrett Corp. Company Profile

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