Shares of Bill Barrett Corp. (NYSE:BBG) rose 8.4% during trading on Tuesday . The company traded as high as $6.45 and last traded at $6.34, with a volume of 1,196,164 shares traded. The stock had previously closed at $5.85.

A number of equities analysts recently issued reports on the company. Zacks Investment Research cut Bill Barrett Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, March 16th. Deutsche Bank AG lifted their price target on Bill Barrett Corp. from $4.50 to $8.00 in a report on Wednesday, March 23rd. Canaccord Genuity downgraded Bill Barrett Corp. from a “buy” rating to a “hold” rating and set a $6.00 price target on the stock. in a report on Wednesday, March 30th. Finally, Cantor Fitzgerald downgraded Bill Barrett Corp. from a “buy” rating to a “hold” rating and lifted their price target for the company from $6.00 to $7.50 in a report on Tuesday, April 26th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $6.91.

The firm has a 50-day moving average of $7.07 and a 200-day moving average of $5.67. The firm’s market capitalization is $296.57 million.

Bill Barrett Corp. (NYSE:BBG) last released its 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 period in the previous year, the business posted ($0.12) EPS. The business earned $29.43 million during the quarter, compared to analysts’ expectations of $56.19 million. The company’s quarterly revenue was down 40.0% on a year-over-year basis. Equities analysts forecast that Bill Barrett Corp. will post ($1.02) earnings per share for the current fiscal year.

Other institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP boosted 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. California Public Employees Retirement System boosted 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. Finally, Russell Frank Co boosted 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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