Bill Barrett Co. (BBG) Short Interest Up 39.4% in December

Bill Barrett Co. (NYSE:BBG) saw a large growth in short interest during the month of December. As of December 29th, there was short interest totalling 7,913,916 shares, a growth of 39.4% from the December 15th total of 5,675,272 shares. Based on an average daily volume of 3,344,015 shares, the short-interest ratio is presently 2.4 days. Approximately 8.3% of the shares of the stock are sold short.

Several research analysts have recently weighed in on the stock. KeyCorp reissued a “hold” rating on shares of Bill Barrett in a research report on Monday, October 16th. ValuEngine downgraded shares of Bill Barrett from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Imperial Capital assumed coverage on shares of Bill Barrett in a research report on Thursday, September 28th. They issued an “in-line” rating and a $5.00 target price on the stock. Stifel Nicolaus set a $7.00 target price on shares of Bill Barrett and gave the stock a “buy” rating in a research report on Thursday, October 5th. Finally, BMO Capital Markets set a $6.00 target price on shares of Bill Barrett and gave the stock a “hold” rating in a research report on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $6.50.

In other news, CEO R Scot Woodall sold 10,000 shares of Bill Barrett stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $4.64, for a total value of $46,400.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.70% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in BBG. BNP Paribas Arbitrage SA grew its position in Bill Barrett by 129.5% during the second quarter. BNP Paribas Arbitrage SA now owns 34,359 shares of the energy company’s stock valued at $105,000 after purchasing an additional 19,385 shares in the last quarter. Engineers Gate Manager LP purchased a new position in Bill Barrett during the third quarter valued at approximately $120,000. Cornerstone Capital Management Holdings LLC. purchased a new position in Bill Barrett during the second quarter valued at approximately $148,000. Fox Run Management L.L.C. purchased a new position in Bill Barrett during the fourth quarter valued at approximately $160,000. Finally, Green Square Capital LLC grew its position in Bill Barrett by 46.7% during the second quarter. Green Square Capital LLC now owns 55,000 shares of the energy company’s stock valued at $169,000 after purchasing an additional 17,500 shares in the last quarter. 85.71% of the stock is currently owned by hedge funds and other institutional investors.

Bill Barrett (NYSE:BBG) opened at $5.17 on Friday. Bill Barrett has a 1 year low of $2.66 and a 1 year high of $7.58. The company has a market cap of $394.39, a P/E ratio of -3.23 and a beta of 3.59. The company has a current ratio of 2.78, a quick ratio of 2.78 and a debt-to-equity ratio of 1.30.

Bill Barrett (NYSE:BBG) last announced its quarterly earnings data on Tuesday, October 31st. The energy company reported ($0.08) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.12. Bill Barrett had a negative net margin of 49.61% and a negative return on equity of 7.59%. The firm had revenue of $67.87 million for the quarter, compared to the consensus estimate of $61.23 million. During the same period in the previous year, the firm posted ($0.10) earnings per share. The firm’s revenue was up 34.4% on a year-over-year basis. equities analysts anticipate that Bill Barrett will post -0.43 EPS for the current fiscal year.

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About Bill Barrett

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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