Bill Barrett Corp. (BBG) Trading Up 8%
Shares of Bill Barrett Corp. (NYSE:BBG) were up 8% during trading on Thursday . The company traded as high as $6.68 and last traded at $6.61, with a volume of 1,508,752 shares changing hands. The stock had previously closed at $6.12.
A number of analysts have commented on BBG shares. Canaccord Genuity reaffirmed a “hold” rating on shares of Bill Barrett Corp. in a research note on Monday, May 9th. Cantor Fitzgerald reissued a “hold” rating and issued a $7.50 price target on shares of Bill Barrett Corp. in a research report on Friday, June 3rd. Wunderlich reduced their price target on shares of 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. Barclays PLC increased their price target on shares of Bill Barrett Corp. from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Monday, June 6th. Finally, Johnson Rice began coverage on shares of Bill Barrett Corp. in a research report on Thursday, June 30th. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $6.92.
The company’s market cap is $387.14 million. The stock has a 50 day moving average of $5.92 and a 200 day moving average of $6.08.
Bill Barrett Corp. (NYSE:BBG) last released its 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. The firm earned $57.28 million during the quarter, compared to the consensus estimate of $55.67 million. The company’s revenue was down 24.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.18) EPS. Analysts expect that Bill Barrett Corp. will post ($0.71) EPS for the current year.
A hedge fund recently raised its stake in Bill Barrett Corp. stock. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Bill Barrett Corp. (NYSE:BBG) by 87.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 600,600 shares of the energy company’s stock after buying an additional 279,600 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 1.24% of Bill Barrett Corp. worth $2,360,000 at the end of the most recent 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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