Analysts Anticipate Bill Barrett Co. (BBG) Will Announce Earnings of -$0.03 Per Share
Wall Street brokerages expect that Bill Barrett Co. (NYSE:BBG) will report earnings per share (EPS) of ($0.03) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Bill Barrett’s earnings, with the lowest EPS estimate coming in at ($0.09) and the highest estimate coming in at $0.01. Bill Barrett posted earnings per share of ($0.18) during the same quarter last year, which would indicate a positive year-over-year growth rate of 83.3%. The business is expected to announce its next earnings report on Thursday, March 1st.
According to Zacks, analysts expect that Bill Barrett will report full-year earnings of ($0.43) per share for the current fiscal year, with EPS estimates ranging from ($0.51) to ($0.39). For the next year, analysts forecast that the firm will report earnings of $0.04 per share, with EPS estimates ranging from ($0.01) to $0.16. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Bill Barrett.
Bill Barrett (NYSE:BBG) last released its quarterly earnings results on Tuesday, October 31st. The energy company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 quarter in the previous year, the firm posted ($0.10) EPS. The firm’s quarterly revenue was up 34.4% on a year-over-year basis.
In other Bill Barrett news, CEO R Scot Woodall sold 10,000 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $4.64, for a total transaction of $46,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Engineers Gate Manager LP acquired a new position in shares of Bill Barrett in the 3rd quarter valued at about $120,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Bill Barrett by 129.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 34,359 shares of the energy company’s stock valued at $105,000 after buying an additional 19,385 shares during the period. Arizona State Retirement System boosted its holdings in shares of Bill Barrett by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 39,760 shares of the energy company’s stock valued at $122,000 after buying an additional 300 shares during the period. Highbridge Capital Management LLC acquired a new position in shares of Bill Barrett in the 3rd quarter valued at about $181,000. Finally, Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Bill Barrett in the 2nd quarter valued at about $148,000. 85.72% of the stock is owned by institutional investors and hedge funds.
Bill Barrett (NYSE:BBG) traded down $0.14 during trading on Friday, reaching $5.18. 1,881,444 shares of the company traded hands, compared to its average volume of 3,120,949. Bill Barrett has a 12-month low of $2.66 and a 12-month high of $7.58. The stock has a market cap of $395.19, a P/E ratio of -3.22 and a beta of 3.60. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.78 and a quick ratio of 2.78.
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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. 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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