Is Buying Bill Barrett Corporation (NYSE:BBG), Having Higher Short Interest a Winning Strategy?

December 8, 2017 - By Ellis Scott

 Is Buying Bill Barrett Corporation (NYSE:BBG), Having Higher Short Interest a Winning Strategy?

Investors sentiment decreased to 1.17 in Q2 2017. Its down 0.04, from 1.21 in 2017Q1. It dropped, as 19 investors sold Bill Barrett Corporation shares while 40 reduced holdings. 20 funds opened positions while 49 raised stakes. 64.29 million shares or 12.84% less from 73.76 million shares in 2017Q1 were reported.
Sei Invests Comm stated it has 1,331 shares or 0% of all its holdings. Moreover, Voya Invest Ltd Liability Corp has 0% invested in Bill Barrett Corporation (NYSE:BBG). Stevens Capital L P holds 0.01% or 107,077 shares. Legal General Gru Public Ltd Company accumulated 0% or 132,335 shares. Tower Research Limited (Trc) accumulated 980 shares or 0% of the stock. Asset Mngmt has 64,500 shares. Grt Cap Limited Liability stated it has 1.12% in Bill Barrett Corporation (NYSE:BBG). Arizona State Retirement System invested in 0% or 39,760 shares. Amalgamated Natl Bank holds 10,357 shares. Canada Pension Plan Investment Board holds 0% or 326,800 shares. State Street Corporation invested in 0% or 1.67M shares. D E Shaw reported 138,373 shares stake. Bank Of America Corp De reported 356,007 shares. Ameriprise Financial holds 0% or 432,620 shares. Swiss Bank owns 121,100 shares for 0% of their portfolio.

The stock of Bill Barrett Corporation (NYSE:BBG) registered an increase of 0.44% in short interest. BBG’s total short interest was 9.31 million shares in December as published by FINRA. Its up 0.44% from 9.27M shares, reported previously. With 1.25M shares average volume, it will take short sellers 7 days to cover their BBG’s short positions. The short interest to Bill Barrett Corporation’s float is 15.04%.

The stock increased 0.86% or $0.04 during the last trading session, reaching $4.69. About 3.29M shares traded or 66.73% up from the average. Bill Barrett Corporation (NYSE:BBG) has declined 43.01% since December 8, 2016 and is downtrending. It has underperformed by 59.71% the S&P500.

Bill Barrett Corporation, an independent energy company, acquires, explores for, and develops oil and natural gas resources in the United States. The company has market cap of $357.81 million. 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. It currently has negative earnings.

Bill Barrett Corporation (NYSE:BBG) Ratings Coverage

Among 19 analysts covering Bill Barrett Corporation (NYSE:BBG), 4 have Buy rating, 2 Sell and 13 Hold. Therefore 21% are positive. Bill Barrett Corporation has $14 highest and $1 lowest target. $7.34’s average target is 56.50% above currents $4.69 stock price. Bill Barrett Corporation had 59 analyst reports since July 21, 2015 according to SRatingsIntel. BMO Capital Markets maintained the shares of BBG in report on Monday, June 26 with “Hold” rating. The firm earned “Hold” rating on Wednesday, March 30 by Canaccord Genuity. The stock has “Hold” rating by KeyBanc Capital Markets on Monday, September 11. The firm earned “Hold” rating on Monday, October 16 by KeyBanc Capital Markets. The stock has “Hold” rating by KeyBanc Capital Markets on Monday, November 20. Canaccord Genuity maintained Bill Barrett Corporation (NYSE:BBG) on Wednesday, September 30 with “Buy” rating. The stock has “Equal-Weight” rating by Barclays Capital on Thursday, August 11. The rating was maintained by Deutsche Bank on Wednesday, October 14 with “Buy”. The stock of Bill Barrett Corporation (NYSE:BBG) earned “Hold” rating by Deutsche Bank on Tuesday, May 3. The firm has “Buy” rating given on Friday, November 6 by Deutsche Bank.

More notable recent Bill Barrett Corporation (NYSE:BBG) news were published by: Prnewswire.com which released: “Bill Barrett Corporation Announces Debt Exchange Transaction and Consent …” on December 05, 2017, also Fool.com with their article: “Bill Barrett Corporation’s Stock Plunges After Announcing Merger Agreement” published on December 06, 2017, Seekingalpha.com published: “Niobrara Merger Mania – Stocks Crash” on December 07, 2017. More interesting news about Bill Barrett Corporation (NYSE:BBG) were released by: Livetradingnews.com and their article: “Bill Barrett Corporation (NYSE:BBG) Falls 11.54% Pre-Market” published on December 06, 2017 as well as Prnewswire.com‘s news article titled: “Bill Barrett Corporation Announces Uinta Basin Asset Sale” with publication date: November 20, 2017.

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