Bill Barrett Corp. (NYSE:BBG) shares shot up 3.9% during mid-day trading on Wednesday . The stock traded as high as $5.83 and last traded at $5.80, with a volume of 971,090 shares. The stock had previously closed at $5.58.

Several brokerages have recently issued reports on BBG. Deutsche Bank AG cut Bill Barrett Corp. from a “buy” rating to a “hold” rating and set a $8.00 price objective for the company. in a research note on Tuesday, May 3rd. Cantor Fitzgerald cut Bill Barrett Corp. from a “buy” rating to a “hold” rating and raised their price objective for the stock from $6.00 to $7.50 in a research note on Tuesday, April 26th. Barclays PLC raised their price objective on Bill Barrett Corp. from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Monday, June 6th. Canaccord Genuity restated a “hold” rating on shares of Bill Barrett Corp. in a research note on Saturday, June 4th. Finally, Zacks Investment Research upgraded Bill Barrett Corp. from a “hold” rating to a “buy” rating and set a $6.75 price objective for the company in a research note on Friday, April 1st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $6.91.

The stock has a 50 day moving average price of $6.85 and a 200 day moving average price of $5.73. The stock’s market cap is $284.42 million.

Bill Barrett Corp. (NYSE:BBG) last announced its earnings results on Thursday, May 5th. The energy company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by $0.06. During the same period in the previous year, the business posted ($0.12) earnings per share. The company earned $29.43 million during the quarter, compared to analysts’ expectations of $56.19 million. The firm’s revenue for the quarter was down 40.0% on a year-over-year basis. On average, equities research analysts predict that Bill Barrett Corp. will post ($0.98) EPS for the current fiscal year.

Other hedge funds recently bought and sold shares of the company. Russell Frank Co boosted its stake 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 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. Finally, 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.

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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