Bill Barrett Corporation (BBG) Shares Bought by Royce & Associates LP

Royce & Associates LP raised its position in Bill Barrett Corporation (NYSE:BBG) by 20.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,205,535 shares of the energy company’s stock after buying an additional 205,500 shares during the period. Royce & Associates LP’s holdings in Bill Barrett Corporation were worth $5,485,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in Bill Barrett Corporation during the fourth quarter worth $4,820,000. Comerica Bank raised its stake in Bill Barrett Corporation by 30.3% in the fourth quarter. Comerica Bank now owns 79,376 shares of the energy company’s stock worth $561,000 after buying an additional 18,478 shares during the last quarter. State Street Corp raised its stake in Bill Barrett Corporation by 172.4% in the fourth quarter. State Street Corp now owns 2,999,286 shares of the energy company’s stock worth $20,963,000 after buying an additional 1,898,325 shares during the last quarter. Oxford Asset Management acquired a new stake in Bill Barrett Corporation during the fourth quarter worth $227,000. Finally, Dimensional Fund Advisors LP raised its stake in Bill Barrett Corporation by 28.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,778,019 shares of the energy company’s stock worth $12,429,000 after buying an additional 392,211 shares during the last quarter.

Institutional Ownership by Quarter for Bill Barrett Corporation (NYSE:BBG)

Shares of Bill Barrett Corporation (NYSE BBG) traded down 4.55% during mid-day trading on Tuesday, hitting $3.15. 502,365 shares of the stock traded hands. The firm’s 50 day moving average price is $3.69 and its 200 day moving average price is $5.25. Bill Barrett Corporation has a 12-month low of $3.12 and a 12-month high of $8.24. The firm’s market cap is $235.31 million.

Bill Barrett Corporation (NYSE:BBG) last posted its quarterly earnings results on Tuesday, May 2nd. The energy company reported ($0.16) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.10. Bill Barrett Corporation had a negative net margin of 68.53% and a negative return on equity of 6.56%. The business had revenue of $50.54 million for the quarter, compared to analysts’ expectations of $52.83 million. On average, equities research analysts predict that Bill Barrett Corporation will post ($0.69) EPS for the current fiscal year.

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Several analysts recently commented on the stock. KLR Group restated a “buy” rating and set a $10.00 price target (up previously from $9.00) on shares of Bill Barrett Corporation in a research report on Friday, March 3rd. Wunderlich dropped their price target on shares of Bill Barrett Corporation from $8.00 to $5.00 and set a “hold” rating on the stock in a research report on Friday, March 3rd. Canaccord Genuity set a $8.00 price target on shares of Bill Barrett Corporation and gave the company a “hold” rating in a research report on Saturday, March 4th. National Securities dropped their price target on shares of Bill Barrett Corporation from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Tuesday, February 28th. Finally, Deutsche Bank AG dropped their price target on shares of Bill Barrett Corporation from $9.00 to $8.00 and set a “hold” rating on the stock in a research report on Tuesday, March 7th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Bill Barrett Corporation has an average rating of “Buy” and a consensus target price of $8.00.

About Bill Barrett Corporation

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BBG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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