Denver energy companies merge in $649M deal


Fifth Creek Energy, Bill Barrett Corporation to Merge in $649 Million Deal

The agreement will see Bill Barrett and Fifth Creek each become subsidiaries of a new holding company, referred to as "New BBG". The New York-based Millennium Mngmt Ltd Limited Liability Company has invested 0% in Bill Barrett Corporation (NYSE:BBG). Currently Bill Barrett Corporation (BBG) stock is moving with downswing trend. KeyCorp reissued a "hold" rating on shares of Bill Barrett in a report on Monday, October 16th. Arizona State Retirement System now owns 39,760 shares of the energy company's stock worth $122,000 after purchasing an additional 300 shares during the period. The rating was maintained by Howard Weil on Friday, October 14 with "Sector Outperform".

Taking a peek at some Moving Averages, the 200-day is at 4.09, the 50-day is 5.20, and the 7-day is sitting at 5.67. The shares now trade at $4.14 and have been able to report a change of -19.92% over the past one week.

Equities research analysts expect that Bill Barrett Co. The stock's traded 16.24 million shares in session while it holds an average volume of 1.95 million shares. It also increased its holding in Liberty Interactive Llc (Prn) by 1.00 million shares in the quarter, for a total of 5.40M shares, and has risen its stake in Liberty Interactive Corp (NASDAQ:QVCA). Scotiabank reissued a "buy" rating and issued a $10.00 target price on shares of Bill Barrett in a report on Wednesday, November 1st. Pnc Ser Group holds 0% or 1,928 shares in its portfolio. Its down 3.91% from 1.68 million shares previously. Renaissance Tech Limited Com has 0.01% invested in Bill Barrett Corporation (NYSE:BBG). The company was maintained on Monday, June 26 by BMO Capital Markets. Great West Life Assurance Can holds 0% or 99,602 shares in its portfolio. Finally, Deutsche Bank AG decreased their target price on Bill Barrett from $9.00 to $8.00 and set a "hold" rating for the company in a research report on Tuesday, March 7th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. UBS maintained the shares of TJX in report on Wednesday, August 19 with "Buy" rating. Miller Tabak has "Buy" rating and $91 target. Imperial Capital raised Bill Barrett from an "in-line" rating to an "outperform" rating and set a $8.00 target price for the company in a report on Thursday, November 2nd. Penn Capital Co Inc reported 448,324 shares or 0.1% of all its holdings. National Asset Mgmt reported 64,500 shares stake. Hutchin Hill Capital L P owns 103,900 shares. Bath Savings Trust Company reported 194,559 shares or 3.89% of all its holdings. Deutsche Fincl Bank Ag accumulated 0% or 98,096 shares. 100,000 shares traded per day would be a minimum for most traders and some require 1,000,000. Shares are clocking price at $4.65 with change of -18.71%.

Currently Bill Barrett Corp (NYSE:BBG)'s shares owned by insiders are 2%, whereas shares owned by institutional owners are 89.3%.

The company reported its last earnings Actual EPS of $-0.08/share. During the same quarter in the prior year, the company posted ($0.10) earnings per share. equities analysts anticipate that Bill Barrett will post -0.49 earnings per share for the current year. It has underperformed by 59.71% the S&P500. Indiana & Invest has 25,936 shares for 0.92% of their portfolio.

Among 19 analysts covering Bill Barrett Corporation (NYSE:BBG), 5 have Buy rating, 2 Sell and 12 Hold. Capstone Asset Management invested in 0% or 12,113 shares. Etrade Capital Limited Liability Company owns 0.02% invested in Burlington Stores, Inc. For the current year the company's revenue estimates are $250.6 Million compared to low analyst estimates of $231 Million and high estimates of $267.9 Million according to 7 number of analysts.

Bill Barrett Corp (NYSE:BBG)'s trailing twelve month revenues are $221.1 Million, whereas its price to sales ratio for the same period is 1.59.

Bill Barrett Corporation, an independent energy company, acquires, explores for, and develops oil and natural gas resources in the United States. It primarily holds interests in the Denver-Julesburg basin and the Uinta oil program in the Uinta Basin in the Rocky Mountain region of the United States. Citadel Advisors Lc has 0% invested in Bill Barrett Corporation (NYSE:BBG) for 217,480 shares. It now has negative earnings. State Board Of Administration Of Florida Retirement System holds 0% or 51,539 shares in its portfolio.

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