Bill Barrett Corp. (NYSE:BBG) shares shot up 3.5% during trading on Wednesday . The stock traded as high as $6.08 and last traded at $5.90, with a volume of 1,423,085 shares. The stock had previously closed at $5.70.

Several research firms have recently issued reports on BBG. Deutsche Bank AG downgraded 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 downgraded Bill Barrett Corp. from a “buy” rating to a “hold” rating and upped their price objective for the company from $6.00 to $7.50 in a research note on Tuesday, April 26th. Barclays PLC upped their price objective on Bill Barrett Corp. from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Monday, June 6th. Canaccord Genuity reaffirmed 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 $8.00 price objective for the company in a research note on Thursday, May 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $7.07.

The firm’s 50-day moving average price is $6.11 and its 200 day moving average price is $5.97. The stock’s market cap is $346.80 million.

Bill Barrett Corp. (NYSE:BBG) last posted its quarterly earnings data on Thursday, August 4th. The energy company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.08. The firm had revenue of $57.28 million for the quarter, compared to analysts’ expectations of $55.67 million. During the same quarter last year, the company posted ($0.18) EPS. The firm’s revenue was down 24.5% compared to the same quarter last year. Equities analysts anticipate that Bill Barrett Corp. will post ($0.85) earnings per share for the current year.

A hedge fund recently raised its stake in Bill Barrett Corp. stock. First Trust Advisors LP boosted its position in shares of Bill Barrett Corp. (NYSE:BBG) by 64.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 606,935 shares of the energy company’s stock after buying an additional 237,593 shares during the period. First Trust Advisors LP owned approximately 1.26% of Bill Barrett Corp. worth $2,385,000 at the end of the most recent reporting 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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