Shares of Bill Barrett Corp. (NYSE:BBG) dropped 4.7% on Tuesday . The company traded as low as $5.56 and last traded at $5.62, with a volume of 882,148 shares changing hands. The stock had previously closed at $5.90.

BBG has been the topic of a number of recent analyst reports. Deutsche Bank AG raised their price target on shares of Bill Barrett Corp. from $4.50 to $8.00 in a report on Wednesday, March 23rd. Zacks Investment Research cut shares of Bill Barrett Corp. from a “buy” rating to a “hold” rating in a report on Monday, March 28th. Canaccord Genuity restated a “hold” rating on shares of Bill Barrett Corp. in a report on Monday, May 9th. Cantor Fitzgerald reiterated a “hold” rating and issued a $7.50 target price on shares of Bill Barrett Corp. in a research note on Friday, June 3rd. Finally, Wunderlich lowered 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 research note on Friday, June 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. Bill Barrett Corp. has a consensus rating of “Hold” and an average price target of $6.91.

The stock’s 50 day moving average price is $6.96 and its 200-day moving average price is $5.73. The company’s market cap is $271.29 million.

Bill Barrett Corp. (NYSE:BBG) last announced 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. The company earned $29.43 million during the quarter, compared to analysts’ expectations of $56.19 million. The firm’s quarterly revenue was down 40.0% compared to the same quarter last year. During the same period last year, the business earned ($0.12) earnings per share. Equities analysts expect that Bill Barrett Corp. will post ($1.01) earnings per share for the current fiscal year.

Other institutional investors have made changes to their positions in the company. Russell Frank Co increased its position in shares of 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. California Public Employees Retirement System increased 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 valued at $5,947,000 after buying an additional 155,500 shares during the last quarter. Finally, First Trust Advisors LP increased 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 valued at $2,385,000 after buying an additional 237,593 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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