Bill Barrett Corp. (NYSE:BBG) had its price target increased by Howard Weil from $12.00 to $14.00 in a report released on Friday. They currently have a sector outperform rating on the energy company’s stock.
Several other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Bill Barrett Corp. from a buy rating to a hold rating in a research note on Wednesday, September 14th. Barclays PLC cut their target price on shares of Bill Barrett Corp. from $8.00 to $6.00 and set an equal weight rating on the stock in a research note on Thursday, August 11th. Johnson Rice assumed coverage on shares of Bill Barrett Corp. in a research note on Thursday, June 30th. They issued a buy rating on the stock. Cantor Fitzgerald reaffirmed a hold rating and issued a $7.50 price target on shares of Bill Barrett Corp. in a research note on Wednesday, July 6th. Finally, Canaccord Genuity set a $7.00 price target on shares of Bill Barrett Corp. and gave the stock a hold rating in a research note on Saturday, August 6th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $7.67.
Shares of Bill Barrett Corp. (NYSE:BBG) traded up 0.97% on Friday, hitting $5.22. The company’s stock had a trading volume of 598,660 shares. The stock’s 50 day moving average price is $5.78 and its 200 day moving average price is $6.52. Bill Barrett Corp. has a 52 week low of $2.19 and a 52 week high of $9.38. The stock’s market capitalization is $314.29 million.
Bill Barrett Corp. (NYSE:BBG) last announced its earnings results on Thursday, August 4th. The energy company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.08. Bill Barrett Corp. had a negative net margin of 304.34% and a negative return on equity of 3.97%. The company had revenue of $57.28 million for the quarter, compared to the consensus estimate of $55.67 million. During the same period in the previous year, the business earned ($0.18) EPS. The company’s revenue was down 24.5% on a year-over-year basis. On average, analysts forecast that Bill Barrett Corp. will post ($0.70) earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the stock. Capital Fund Management S.A. purchased a new stake in Bill Barrett Corp. during the second quarter worth about $100,000. Fox Run Management L.L.C. bought a new stake in Bill Barrett Corp. during the third quarter valued at $101,000. Jefferies Group LLC bought a new stake in Bill Barrett Corp. during the second quarter valued at $102,000. BlackRock Inc. boosted its stake in Bill Barrett Corp. by 391.5% in the second quarter. BlackRock Inc. now owns 16,677 shares of the energy company’s stock valued at $106,000 after buying an additional 13,284 shares during the last quarter. Finally, Profund Advisors LLC boosted its stake in Bill Barrett Corp. by 4.5% in the second quarter. Profund Advisors LLC now owns 16,790 shares of the energy company’s stock valued at $107,000 after buying an additional 728 shares during the last quarter.
About Bill Barrett Corp.
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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