Bill Barrett Corp. (NYSE:BBG) shares dropped 3.4% on Thursday . The company traded as low as $5.93 and last traded at $6.01, with a volume of 917,784 shares. The stock had previously closed at $6.22.

A number of analysts have recently issued reports on the stock. Cantor Fitzgerald reiterated a “hold” rating and issued a $7.50 target price on shares of Bill Barrett Corp. in a report on Friday, June 3rd. Wunderlich dropped their target price on shares of Bill Barrett Corp. from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, June 3rd. Zacks Investment Research downgraded shares of Bill Barrett Corp. from a “buy” rating to a “hold” rating in a report on Monday, May 2nd. Northcoast Research downgraded shares of Bill Barrett Corp. from a “buy” rating to a “neutral” rating in a report on Friday, March 11th. Finally, Canaccord Genuity downgraded shares of Bill Barrett Corp. from a “buy” rating to a “hold” rating and set a $6.00 target price for the company. in a report on Wednesday, March 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $6.97.

The stock’s 50 day moving average is $7.26 and its 200 day moving average is $5.61. The firm’s market cap is $289.76 million.

Bill Barrett Corp. (NYSE:BBG) last issued its quarterly earnings data on Thursday, May 5th. The energy company reported ($0.28) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by $0.06. The company had revenue of $29.43 million for the quarter, compared to analysts’ expectations of $56.19 million. The firm’s revenue was down 40.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.12) EPS. On average, analysts expect that Bill Barrett Corp. will post ($1.03) EPS for the current fiscal year.

Several institutional investors have made changes to their positions in the company. Principal Financial Group Inc. increased its position in Bill Barrett Corp. by 4.6% in the fourth quarter. Principal Financial Group Inc. now owns 328,835 shares of the energy company’s stock valued at $1,292,000 after buying an additional 14,528 shares during the period. California Public Employees Retirement System increased its position in Bill Barrett Corp. by 11.5% in the fourth quarter. California Public Employees Retirement System now owns 1,513,300 shares of the energy company’s stock valued at $5,947,000 after buying an additional 155,500 shares during the period. First Trust Advisors LP increased its position in Bill Barrett Corp. by 64.3% in the fourth quarter. First Trust Advisors LP now owns 606,935 shares of the energy company’s stock valued at $2,385,000 after buying an additional 237,593 shares during the period. Finally, Russell Frank Co increased its position in Bill Barrett Corp. by 24.8% in the fourth quarter. Russell Frank Co now owns 1,725,681 shares of the energy company’s stock valued at $6,574,000 after buying an additional 342,906 shares during the period.

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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