Caymus Capital Partners L.P. lowered its position in Bill Barrett Corporation (NYSE:BBG) by 69.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,233,150 shares of the energy company’s stock after selling 2,776,750 shares during the quarter. Bill Barrett Corporation comprises 0.7% of Caymus Capital Partners L.P.’s investment portfolio, making the stock its 21st largest holding. Caymus Capital Partners L.P. owned approximately 1.62% of Bill Barrett Corporation worth $5,290,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Credit Suisse AG boosted its stake in Bill Barrett Corporation by 32.0% in the 1st quarter. Credit Suisse AG now owns 125,073 shares of the energy company’s stock worth $569,000 after purchasing an additional 30,293 shares during the period. GRT Capital Partners L.L.C. boosted its stake in Bill Barrett Corporation by 17.2% in the 2nd quarter. GRT Capital Partners L.L.C. now owns 625,093 shares of the energy company’s stock worth $1,919,000 after purchasing an additional 91,859 shares during the period. TIAA CREF Investment Management LLC boosted its stake in Bill Barrett Corporation by 128.3% in the 1st quarter. TIAA CREF Investment Management LLC now owns 1,064,618 shares of the energy company’s stock worth $4,844,000 after purchasing an additional 598,376 shares during the period. Texas Permanent School Fund boosted its stake in Bill Barrett Corporation by 1.6% in the 2nd quarter. Texas Permanent School Fund now owns 55,704 shares of the energy company’s stock worth $171,000 after purchasing an additional 882 shares during the period. Finally, Royce & Associates LP boosted its stake in Bill Barrett Corporation by 2.8% in the 2nd quarter. Royce & Associates LP now owns 1,239,035 shares of the energy company’s stock worth $3,804,000 after purchasing an additional 33,500 shares during the period. 86.90% of the stock is owned by institutional investors.
In related news, CEO R Scot Woodall sold 10,000 shares of the firm’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $4.19, for a total transaction of $41,900.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders have sold 30,000 shares of company stock worth $136,500. 2.70% of the stock is currently owned by insiders.
Shares of Bill Barrett Corporation (NYSE:BBG) traded up $0.05 during midday trading on Tuesday, hitting $6.71. The company had a trading volume of 1,438,900 shares, compared to its average volume of 1,838,593. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.78 and a current ratio of 2.78. Bill Barrett Corporation has a 52 week low of $2.66 and a 52 week high of $8.24.
Bill Barrett Corporation (NYSE:BBG) last announced its quarterly earnings data on Tuesday, October 31st. The energy company reported ($0.08) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.12. The company had revenue of $67.87 million for the quarter, compared to analysts’ expectations of $61.23 million. Bill Barrett Corporation had a negative return on equity of 7.59% and a negative net margin of 49.61%. Bill Barrett Corporation’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.10) EPS. equities analysts expect that Bill Barrett Corporation will post -0.52 earnings per share for the current year.
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BBG has been the subject of several analyst reports. ValuEngine downgraded Bill Barrett Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Scotiabank reiterated a “buy” rating and set a $10.00 price target on shares of Bill Barrett Corporation in a research report on Wednesday, November 1st. Imperial Capital upgraded Bill Barrett Corporation from an “in-line” rating to an “outperform” rating and set a $8.00 price target for the company in a research report on Thursday, November 2nd. KeyCorp reiterated a “hold” rating on shares of Bill Barrett Corporation in a research report on Monday, October 16th. Finally, BMO Capital Markets set a $4.00 price target on Bill Barrett Corporation and gave the company a “hold” rating in a research report on Tuesday, October 10th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. Bill Barrett Corporation presently has a consensus rating of “Hold” and a consensus target price of $6.27.
Bill Barrett Corporation Profile
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. It has over two areas of production: The Denver-Julesburg Basin (DJ Basin) and the Uinta Oil Program in the Uinta Basin.
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