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

Several brokerages have recently weighed in on BBG. Zacks Investment Research downgraded Bill Barrett Corp. from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. Deutsche Bank AG downgraded Bill Barrett Corp. from a “buy” rating to a “hold” rating and set a $8.00 target price for the company. in a research note on Tuesday, May 3rd. Canaccord Genuity restated a “hold” rating on shares of Bill Barrett Corp. in a research note on Saturday, June 4th. Cantor Fitzgerald restated a “hold” rating and set a $7.50 target price on shares of Bill Barrett Corp. in a research note on Friday, June 3rd. Finally, Wunderlich reduced their price target on shares of Bill Barrett Corp. from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, June 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $6.97.

The company’s 50-day moving average price is $7.18 and its 200-day moving average price is $5.63. The company’s market cap is $298.51 million.

Bill Barrett Corp. (NYSE:BBG) last posted its quarterly earnings data on Thursday, May 5th. The energy company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by $0.06. During the same quarter last year, the firm posted ($0.12) EPS. The firm had revenue of $29.43 million for the quarter, compared to the consensus estimate of $56.19 million. The business’s revenue for the quarter was down 40.0% on a year-over-year basis. Equities research analysts expect that Bill Barrett Corp. will post ($1.02) EPS for the current fiscal year.

Other hedge funds and institutional investors recently bought and sold shares of the company. 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 last quarter. First Trust Advisors LP boosted its stake 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 worth $2,385,000 after buying an additional 237,593 shares during the last quarter. California Public Employees Retirement System boosted its stake 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 worth $5,947,000 after buying an additional 155,500 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake 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 worth $1,292,000 after buying an additional 14,528 shares during the last quarter.

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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