Bill Barrett (BBG) Earning Somewhat Favorable Media Coverage, Study Finds

Media stories about Bill Barrett (NYSE:BBG) have been trending somewhat positive recently, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Bill Barrett earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned media stories about the energy company an impact score of 46.2268281624991 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the media stories that may have effected Accern Sentiment’s rankings:

A number of research analysts have weighed in on BBG shares. Imperial Capital started coverage on shares of Bill Barrett in a research report on Thursday, September 28th. They set an “in-line” rating and a $5.00 price target on the stock. Zacks Investment Research raised shares of Bill Barrett from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research report on Tuesday, October 3rd. Stifel Nicolaus set a $7.00 price target on shares of Bill Barrett and gave the company a “buy” rating in a research report on Thursday, October 5th. BMO Capital Markets set a $4.00 price target on shares of Bill Barrett and gave the company a “hold” rating in a research report on Tuesday, October 10th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Bill Barrett in a research report on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $6.50.

Bill Barrett (NYSE:BBG) opened at $5.35 on Thursday. Bill Barrett has a 12-month low of $2.66 and a 12-month high of $7.58. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.78 and a current ratio of 2.78. The company has a market cap of $395.19, a price-to-earnings ratio of -3.32 and a beta of 3.60.

Bill Barrett (NYSE:BBG) last posted its earnings results on Tuesday, October 31st. The energy company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $67.87 million for the quarter, compared to analysts’ expectations of $61.23 million. During the same period in the previous year, the company posted ($0.10) earnings per share. The business’s revenue for the quarter was up 34.4% compared to the same quarter last year. research analysts anticipate that Bill Barrett will post -0.43 EPS for the current year.

In other news, CEO R Scot Woodall sold 10,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $6.42, for a total transaction of $64,200.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.70% of the company’s stock.

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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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