Bill Barrett Corp. (BBG) Trading Up 1.8%
Shares of Bill Barrett Corp. (NYSE:BBG) were up 1.8% during trading on Thursday . The stock traded as high as $6.24 and last traded at $6.13, with a volume of 1,564,312 shares changing hands. The stock had previously closed at $6.02.
Several analysts have recently commented on BBG shares. Canaccord Genuity reiterated a “hold” rating on shares of Bill Barrett Corp. in a report on Monday, May 9th. Cantor Fitzgerald reissued a “hold” rating and issued a $7.50 target price on shares of Bill Barrett Corp. in a research report on Friday, June 3rd. Wunderlich cut their target price on Bill Barrett Corp. from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, June 3rd. Barclays PLC upped their target price on Bill Barrett Corp. from $7.00 to $8.00 and gave the company an “equal weight” rating in a research report on Monday, June 6th. Finally, Johnson Rice started coverage on Bill Barrett Corp. in a research report on Thursday, June 30th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. Bill Barrett Corp. presently has a consensus rating of “Hold” and a consensus price target of $6.92.
The company’s market cap is $374.50 million. The firm’s 50-day moving average price is $5.92 and its 200 day moving average price is $6.16.
Bill Barrett Corp. (NYSE:BBG) last released its quarterly earnings results on Thursday, August 4th. The energy company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.08. The business earned $57.28 million during the quarter, compared to analyst estimates of $55.67 million. During the same quarter in the prior year, the company earned ($0.18) earnings per share. The firm’s revenue for the quarter was down 24.5% compared to the same quarter last year. On average, equities research analysts anticipate that Bill Barrett Corp. will post ($0.71) earnings per share for the current fiscal year.
An institutional investor recently raised its position in Bill Barrett Corp. stock. Schwab Charles Investment Management Inc. boosted its stake in shares of Bill Barrett Corp. (NYSE:BBG) by 30.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 494,288 shares of the energy company’s stock after buying an additional 116,125 shares during the period. Schwab Charles Investment Management Inc. owned approximately 1.02% of Bill Barrett Corp. worth $1,943,000 as of its most recent SEC filing.
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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