Bill Barrett Corp. (NYSE:BBG) shares fell 3.5% on Wednesday . The stock traded as low as $6.02 and last traded at $6.11, with a volume of 927,952 shares. The stock had previously closed at $6.33.

A number of research analysts have recently commented on BBG shares. Cantor Fitzgerald downgraded Bill Barrett Corp. from a “buy” rating to a “hold” rating and increased their target price for the company from $6.00 to $7.50 in a research report on Tuesday, April 26th. 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 report on Tuesday, May 3rd. Zacks Investment Research downgraded Bill Barrett Corp. from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Canaccord Genuity reiterated a “hold” rating on shares of Bill Barrett Corp. in a research report on Saturday, June 4th. Finally, Barclays PLC increased their target price on Bill Barrett Corp. from $7.00 to $8.00 and gave the company an “equal weight” rating in a research report on Monday, June 6th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. Bill Barrett Corp. presently has a consensus rating of “Hold” and an average price target of $6.91.

The stock’s market cap is $296.57 million. The company’s 50-day moving average is $7.10 and its 200 day moving average is $5.67.

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

A number of institutional investors recently added to or reduced their stakes in BBG. California Public Employees Retirement System raised 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 worth $5,947,000 after buying an additional 155,500 shares during the period. First Trust Advisors LP raised 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 worth $2,385,000 after buying an additional 237,593 shares during the period. Finally, Russell Frank Co raised 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 worth $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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