Bill Barrett Corp. (NYSE:BBG)‘s stock had its “sector outperform” rating restated by stock analysts at Scotiabank in a research report issued to clients and investors on Saturday. They currently have a $14.00 price target on the energy company’s stock, up from their prior price target of $12.00. Scotiabank’s price objective would indicate a potential upside of 170.79% from the stock’s previous close.
Several other analysts have also recently weighed in on BBG. Canaccord Genuity set a $7.00 target price on shares of Bill Barrett Corp. and gave the company a “hold” rating in a report on Saturday, August 6th. Cantor Fitzgerald reissued a “hold” rating on shares of Bill Barrett Corp. in a report on Sunday, August 14th. Zacks Investment Research raised shares of Bill Barrett Corp. from a “hold” rating to a “buy” rating and set a $6.75 price objective on the stock in a report on Monday, August 15th. Johnson Rice began coverage on shares of Bill Barrett Corp. in a report on Thursday, June 30th. They set a “buy” rating on the stock. Finally, Barclays PLC cut their price objective on shares of Bill Barrett Corp. from $8.00 to $6.00 and set an “equal weight” rating on the stock in a report on Thursday, August 11th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Bill Barrett Corp. presently has a consensus rating of “Hold” and a consensus target price of $7.67.
Bill Barrett Corp. (NYSE:BBG) traded down 1.34% during trading on Friday, hitting $5.17. 2,255,947 shares of the company traded hands. Bill Barrett Corp. has a 52-week low of $2.19 and a 52-week high of $9.38. The firm’s market cap is $311.28 million. The company’s 50-day moving average is $5.78 and its 200 day moving average is $6.52.
Bill Barrett Corp. (NYSE:BBG) last issued its earnings results on Thursday, August 4th. The energy company reported ($0.13) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.08. The firm had revenue of $57.28 million for the quarter, compared to analysts’ expectations of $55.67 million. Bill Barrett Corp. had a negative net margin of 304.34% and a negative return on equity of 3.97%. The firm’s revenue was down 24.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.18) earnings per share. On average, equities analysts anticipate that Bill Barrett Corp. will post ($0.70) earnings per share for the current year.
Several institutional investors have recently made changes to their positions in BBG. Capital Fund Management S.A. acquired a new position in shares of Bill Barrett Corp. during the second quarter worth about $100,000. Fox Run Management L.L.C. acquired a new position in shares of Bill Barrett Corp. during the third quarter worth about $101,000. Jefferies Group LLC acquired a new position in shares of Bill Barrett Corp. during the second quarter worth about $102,000. BlackRock Inc. raised its position in shares of Bill Barrett Corp. by 391.5% in the second quarter. BlackRock Inc. now owns 16,677 shares of the energy company’s stock worth $106,000 after buying an additional 13,284 shares during the period. Finally, Profund Advisors LLC raised its position in shares of Bill Barrett Corp. by 4.5% in the second quarter. Profund Advisors LLC now owns 16,790 shares of the energy company’s stock worth $107,000 after buying an additional 728 shares during the period.
Bill Barrett Corp. 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. The Company develops oil and natural gas in the Rocky Mountain region of the United States.
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