Bill Barrett Corp. (NYSE:BBG) shares traded down 4.4% during trading on Wednesday . The company traded as low as $5.67 and last traded at $5.70, with a volume of 888,805 shares trading hands. The stock had previously closed at $5.96.

A number of research analysts recently commented on the company. Deutsche Bank AG downgraded Bill Barrett Corp. from a “buy” rating to a “hold” rating and set a $8.00 price target for the company. in a research note on Tuesday, May 3rd. Cantor Fitzgerald downgraded Bill Barrett Corp. from a “buy” rating to a “hold” rating and boosted their target price for the stock from $6.00 to $7.50 in a research note on Tuesday, April 26th. Barclays PLC boosted their target price 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 reissued a “hold” rating on shares of Bill Barrett Corp. in a research note on Saturday, June 4th. Finally, Zacks Investment Research raised Bill Barrett Corp. from a “hold” rating to a “buy” rating and set a $6.75 target price for the company in a research note on Friday, April 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. Bill Barrett Corp. has a consensus rating of “Hold” and an average price target of $6.91.

The stock has a 50-day moving average price of $6.70 and a 200-day moving average price of $5.80. The firm’s market cap is $281.98 million.

Bill Barrett Corp. (NYSE:BBG) last released its quarterly earnings results on Thursday, May 5th. The energy company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.22) by $0.06. During the same quarter in the prior year, the firm posted ($0.12) earnings per share. The business earned $29.43 million during the quarter, compared to analysts’ expectations of $56.19 million. The firm’s quarterly revenue was down 40.0% on a year-over-year basis. On average, equities analysts anticipate that Bill Barrett Corp. will post ($0.97) earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in BBG. California Public Employees Retirement System boosted its position in shares of 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 in the last quarter. Russell Frank Co boosted 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 in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of 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 in 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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