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

BBG has been the subject of a number of analyst reports. Cantor Fitzgerald downgraded Bill Barrett Corp. from a “buy” rating to a “hold” rating and raised their price target for the stock from $6.00 to $7.50 in a research report on Tuesday, April 26th. Zacks Investment Research lowered Bill Barrett Corp. from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. Deutsche Bank AG lowered Bill Barrett Corp. from a “buy” rating to a “hold” rating and set a $8.00 target price on the stock. in a research note on Tuesday, May 3rd. Canaccord Genuity reiterated a “hold” rating on shares of Bill Barrett Corp. in a research note on Monday, May 9th. Finally, Wunderlich reduced their target price on Bill Barrett Corp. from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, June 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $6.93.

The firm’s market capitalization is $341.99 million. The firm has a 50 day moving average of $6.02 and a 200 day moving average of $5.97.

Bill Barrett Corp. (NYSE:BBG) last announced its quarterly earnings results on Thursday, August 4th. The energy company reported ($0.13) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.08. During the same period last year, the company earned ($0.18) EPS. The business earned $57.28 million during the quarter, compared to analyst estimates of $55.67 million. The business’s revenue for the quarter was down 24.5% on a year-over-year basis. On average, analysts forecast that Bill Barrett Corp. will post ($0.81) EPS for the current year.

An institutional investor recently raised its position in Bill Barrett Corp. stock. First Trust Advisors LP raised its stake in shares of Bill Barrett Corp. (NYSE:BBG) by 64.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (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 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.

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