Bill Barrett Corporation (BBG) was Reiterated by Scotia Howard Weil to “Sector Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 14 from a previous price target of $12 . Scotia Howard Weil advised their investors in a research report released on Oct 14, 2016.
On the company’s financial health, Bill Barrett Corporation reported $-0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.21. The company had revenue of $47.28 million for the quarter, 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.
Bill Barrett Corporation closed down -0.29 points or -5.19% at $5.3 with 16,63,113 shares getting traded on Tuesday. Post opening the session at $5.55, the shares hit an intraday low of $5.26 and an intraday high of $5.57 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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.