Bill Barrett Corporation (BBG) : Lyon Street Capital reduced its stake in Bill Barrett Corporation by 15.7% during the Q4 period. The investment management company now holds a total of 134,247 shares of Bill Barrett Corporation which is valued at $818,907 after selling 25,000 shares in Bill Barrett Corporation according to the most recent disclosure to the SEC.Bill Barrett Corporation makes up approximately 0.55% of Lyon Street Capital’s portfolio.
Other Hedge Funds, Including , Arrowstreet Capital Limited Partnership sold out all of its stake in BBG during the fourth quarter. The investment firm sold 26,400 shares of BBG which is valued $161,040. Wall Street Associates added BBG to its portfolio by purchasing 191,400 company shares during the Fourth Quarter which is valued at $1.2 Million. Bill Barrett Corporation makes up approx 0.38% of Wall Street Associates’s portfolio.Metropolitan Life Insurance Cony boosted its stake in BBG during the Q4 period, The investment management firm added 1,776 additional shares and now holds a total of 43,118 shares of Bill Barrett Corporation which is valued at $263,020.Blackrock Institutional Trust Company N.a. boosted its stake in BBG during the Q4 period, The investment management firm added 23,229 additional shares and now holds a total of 1,530,085 shares of Bill Barrett Corporation which is valued at $9.3 Million.
On the company’s financial health, Bill Barrett Corporation reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Mar 1, 2016. Analyst had a consensus of $-0.06. The company had revenue of $46.60 million for the quarter, compared to analysts expectations of $96.37 million. The company’s revenue was down -30.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.23 EPS.
Many Wall Street Analysts have commented on Bill Barrett Corporation. Canaccord Genuity Downgraded Bill Barrett Corporation on Mar 30, 2016 to ” Hold”, Price Target of the shares are set at $6.Company shares were Reiterated by Barclays on Mar 4, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 4.50 from a previous price target of $4 .Bill Barrett Corporation was Downgraded by Ladenburg Thalmann to ” Neutral” on Jan 27, 2016.
Bill Barrett Corporation closed down -0.28 points or -4.61% at $5.8 with 17,42,876 shares getting traded on Monday. Post opening the session at $6.06, the shares hit an intraday low of $5.6 and an intraday high of $6.41 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.