Trade Report: Today, Bill Barrett Corp. (BBG) to Post FY2016 Earnings of ($0.60) Per Share, KeyCorp Forecasts

Today, Bill Barrett Corp. (BBG) to Post FY2016 Earnings of ($0.60) Per Share, KeyCorp Forecasts

Bill Barrett Corp. (NYSE:BBG) – Equities researchers at KeyCorp lifted their FY2016 EPS estimates for Bill Barrett Corp. in a research note issued to investors on Tuesday. KeyCorp analyst C. Stevens now forecasts that the firm will post earnings per share of ($0.60) for the year, up from their previous estimate 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.

Several other research firms have also recently weighed in on BBG. Zacks Investment Research cut 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 objective on Bill Barrett Corp. and gave the company a “hold” rating in a research note on Saturday, August 6th. Cantor Fitzgerald reiterated a “hold” rating on shares of Bill Barrett Corp. in a research note on Sunday, August 14th. Barclays PLC reduced their price objective on Bill Barrett Corp. from $8.00 to $6.00 and set an “equal weight” rating for the company in a research note on Thursday, August 11th. Finally, Scotiabank reiterated a “sector outperform” rating and issued a $14.00 price objective (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 issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $7.67.

Bill Barrett Corp. (NYSE:BBG) opened at 7.16 on Thursday. The stock’s 50 day moving average price is $5.88 and its 200-day moving average price is $6.28. Bill Barrett Corp. has a 12 month low of $2.19 and a 12 month high of $9.38. The stock’s market cap is $421.45 million.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its position in 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 worth $790,000 after buying an additional 75,200 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its position 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 last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position 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 last quarter. Panagora Asset Management Inc. raised its position 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 last quarter. Finally, Highbridge Capital Management LLC raised its position 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 last quarter.

Bill Barrett Corp. Company Profile

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