California State Teachers Retirement System decreased its stake in shares of Bill Barrett Co. (NYSE:BBG) by 3.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 102,805 shares of the energy company’s stock after selling 3,219 shares during the period. California State Teachers Retirement System owned about 0.21% of Bill Barrett worth $657,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of BBG. A.R.T. Advisors LLC boosted its stake in shares of Bill Barrett by 2.9% in the first quarter. A.R.T. Advisors LLC now owns 129,249 shares of the energy company’s stock worth $803,000 after buying an additional 3,616 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Bill Barrett by 13.5% in the first quarter. JPMorgan Chase & Co. now owns 6,254,013 shares of the energy company’s stock worth $38,900,000 after buying an additional 744,528 shares in the last quarter. Bogle Investment Management L P DE acquired a new stake in shares of Bill Barrett during the first quarter worth about $728,000. Bank of Montreal Can acquired a new stake in shares of Bill Barrett during the second quarter worth about $1,116,000. Finally, Geode Capital Management LLC boosted its stake in shares of Bill Barrett by 16.0% in the first quarter. Geode Capital Management LLC now owns 333,822 shares of the energy company’s stock worth $2,076,000 after buying an additional 45,947 shares in the last quarter.
Bill Barrett Co. (NYSE:BBG) traded down 2.926% during mid-day trading on Tuesday, hitting $5.475. 1,242,883 shares of the stock traded hands. Bill Barrett Co. has a 52 week low of $2.19 and a 52 week high of $9.38. The firm’s market cap is $329.64 million. The firm’s 50-day moving average price is $6.01 and its 200-day moving average price is $6.57.
Bill Barrett (NYSE:BBG) last announced its quarterly earnings data on Thursday, August 4th. The energy company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.08. Bill Barrett had a negative net margin of 304.34% and a negative return on equity of 3.97%. The company earned $57.28 million during the quarter, compared to the consensus estimate of $55.67 million. During the same quarter last year, the firm posted ($0.18) EPS. The company’s quarterly revenue was down 24.5% on a year-over-year basis. On average, equities analysts forecast that Bill Barrett Co. will post ($0.70) earnings per share for the current fiscal year.
A number of equities research analysts recently issued reports on BBG shares. Zacks Investment Research upgraded shares of Bill Barrett from a “hold” rating to a “buy” rating and set a $5.75 price objective for the company in a report on Tuesday, September 20th. Johnson Rice started coverage on shares of Bill Barrett in a report on Thursday, June 30th. They issued a “buy” rating for the company. Barclays PLC decreased their price objective on shares of Bill Barrett from $8.00 to $6.00 and set an “equal weight” rating for the company in a report on Thursday, August 11th. Cantor Fitzgerald reiterated a “hold” rating on shares of Bill Barrett in a report on Sunday, August 14th. Finally, Canaccord Genuity set a $7.00 price objective on shares of Bill Barrett and gave the stock a “hold” rating in a report on Saturday, August 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $6.85.
Bill Barrett Company 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. The Company develops oil and natural gas in the Rocky Mountain region of the United States.
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