Bill Barrett Corporation (BBG) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $-0.13 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $-0.21. The company posted revenue of $47.28 million in the period, compared to analysts expectations of $66.90 million. The company’s revenue was down -24.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.18 EPS.
Many Wall Street Analysts have commented on Bill Barrett Corporation. Bill Barrett Corporation was Initiated by Johnson Rice to “Buy” on Jun 30, 2016. Company shares were Reiterated by Wunderlich on Jun 3, 2016 to “Buy”, Firm has raised the Price Target to $ 10 from a previous price target of $9 .
Bill Barrett Corporation (BBG) witnessed a volatile trading activity on Tusday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $5.65 and reached the intraday high at $5.71. The bulls started the profit booking and pushed the shares to intraday low of $5.18. The trading session was marked by a volume range of 21,39,393 shares exchanging hands. The 52-week high of the shares is $9.38 and the 52-week low is $2.19. The market cap of the company stands at $277 M and there are 5,03,15,695 shares in public circulation.
In a different news, on Feb 20, 2015, Robert William Howard (CFO and Treasurer) sold 12,060 shares at $12.64 per share price. According to the SEC, on Jan 16, 2015, R Scot Woodall (CEO) purchased 5,000 shares at $9.69 per share price.
Bill Barrett Corporation is an independent energy company that develops acquires and explores for oil and natural gas resources. As of December 31 2014 the Company had two key areas of production: The Denver-Julesburg Basin (DJ Basin) and the Uinta Oil Program in the Uinta Basin. The Company’s acreage positions in the DJ Basin are predominantly located in Colorado’s eastern plains and parts of southeastern Wyoming. As of December 31 2014 DJ Basin’s estimated proved reserves were 73.1 MMBoe (million barrels of oil equivalent). DJ Basin’s had interests in 388 gross (250.2 net) producing wells as of December 31 2014. The Uinta Basin is located in northeastern Utah. As of December 31 2014 Uinta Basin’s estimated proved reserves were 48.1 MMBoe (million barrels of oil equivalent). Uinta Basin had interests in 350 gross (200.8 net) producing wells as of December 31 2014.