Bill Barrett Corp. (NYSE:BBG) shares dropped 4.4% during mid-day trading on Tuesday . The stock traded as low as $5.18 and last traded at $5.26, with a volume of 1,085,694 shares. The stock had previously closed at $5.50.

BBG has been the subject of several research analyst reports. Cantor Fitzgerald reiterated a “hold” rating and issued a $7.50 price objective on shares of Bill Barrett Corp. in a research report on Friday, June 3rd. Wunderlich cut their price objective on Bill Barrett Corp. from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, June 3rd. Zacks Investment Research cut Bill Barrett Corp. from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Johnson Rice initiated coverage on Bill Barrett Corp. in a research report on Thursday, June 30th. They issued a “buy” rating for the company. Finally, Canaccord Genuity reiterated a “hold” rating on shares of Bill Barrett Corp. in a research report on Monday, May 9th. One 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 a consensus rating of “Hold” and a consensus price target of $6.91.

The firm’s market cap is $267.40 million. The stock has a 50 day moving average price of $6.40 and a 200 day moving average price of $5.88.

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 business earned $29.43 million during the quarter, compared to the consensus estimate of $56.19 million. The business’s revenue for the quarter was down 40.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.12) EPS. On average, equities research analysts predict that Bill Barrett Corp. will post ($0.97) earnings per share for the current year.

A hedge fund recently raised its stake in Bill Barrett Corp. stock. California Public Employees Retirement System boosted its position in Bill Barrett Corp. (NYSE:BBG) by 11.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,513,300 shares of the energy company’s stock after buying an additional 155,500 shares during the period. California Public Employees Retirement System owned about 3.13% of Bill Barrett Corp. worth $5,947,000 as of its most recent filing with the SEC.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.