Today: The Ameriprise Financial Inc. Reduces Stake in Bill Barrett Corp. (BBG)

The Ameriprise Financial Inc. Reduces Stake in Bill Barrett Corp. (BBG)

Ameriprise Financial Inc. decreased its position in Bill Barrett Corp. (NYSE:BBG) by 39.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 922,301 shares of the energy company’s stock after selling 607,376 shares during the period. Ameriprise Financial Inc. owned about 1.78% of Bill Barrett Corp. worth $5,894,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. A.R.T. Advisors LLC boosted its stake in shares of Bill Barrett Corp. by 2.9% in the first quarter. A.R.T. Advisors LLC now owns 129,249 shares of the energy company’s stock valued at $803,000 after buying an additional 3,616 shares in the last quarter. EAM Investors LLC acquired a new stake in shares of Bill Barrett Corp. during the second quarter valued at $703,000. Quantbot Technologies LP boosted its stake in shares of Bill Barrett Corp. by 908.1% in the second quarter. Quantbot Technologies LP now owns 21,171 shares of the energy company’s stock valued at $135,000 after buying an additional 19,071 shares in the last quarter. Oxford Asset Management acquired a new stake in shares of Bill Barrett Corp. during the second quarter valued at $1,034,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Bill Barrett Corp. by 13.5% in the first quarter. JPMorgan Chase & Co. now owns 6,254,013 shares of the energy company’s stock valued at $38,900,000 after buying an additional 744,528 shares in the last quarter.

Bill Barrett Corp. (NYSE:BBG) traded up 2.547% during midday trading on Wednesday, hitting $5.435. 634,136 shares of the company were exchanged. The firm’s market capitalization is $327.24 million. The stock has a 50 day moving average of $5.86 and a 200 day moving average of $6.55. Bill Barrett Corp. has a 1-year low of $2.19 and a 1-year high of $9.38.

Bill Barrett Corp. (NYSE:BBG) last announced its quarterly earnings results on Thursday, August 4th. The energy company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.08. Bill Barrett Corp. had a negative net margin of 304.34% and a negative return on equity of 3.97%. The firm earned $57.28 million during the quarter, compared to analyst estimates of $55.67 million. During the same period in the previous year, the business posted ($0.18) earnings per share. The business’s revenue for the quarter was down 24.5% on a year-over-year basis. On average, equities analysts predict that Bill Barrett Corp. will post ($0.70) earnings per share for the current fiscal year.

Several analysts recently weighed in on the stock. Deutsche Bank AG boosted their price objective on shares of Bill Barrett Corp. from $8.00 to $9.00 and gave the stock a “hold” rating in a research note on Tuesday, June 14th. Zacks Investment Research raised shares of Bill Barrett Corp. from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research note on Tuesday, July 12th. Johnson Rice assumed coverage on shares of Bill Barrett Corp. in a research note on Thursday, June 30th. They issued a “buy” rating on the stock. Cantor Fitzgerald reissued a “hold” rating and issued a $7.50 price objective on shares of Bill Barrett Corp. in a research note on Wednesday, July 6th. Finally, Barclays PLC dropped their target price on shares of Bill Barrett Corp. from $8.00 to $6.00 and set an “equal weight” rating on the stock in a report on Thursday, August 11th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $7.05.

About Bill Barrett Corp.

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. The Company develops oil and natural gas in the Rocky Mountain region of the United States.

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