Bill Barrett Corp. (BBG) Stock Price Up 1.8%
Bill Barrett Corp. (NYSE:BBG) shares rose 1.8% on Thursday . The company 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.
BBG has been the subject of several recent analyst reports. Barclays PLC cut their price objective on Bill Barrett Corp. from $8.00 to $6.00 and set an “equal weight” rating for the company in a report on Thursday, August 11th. Johnson Rice initiated coverage on Bill Barrett Corp. in a report on Thursday, June 30th. They set a “buy” rating for the company. Cantor Fitzgerald reissued a “hold” rating and set a $7.50 price objective on shares of Bill Barrett Corp. in a report on Wednesday, July 6th. Zacks Investment Research lowered Bill Barrett Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Finally, Canaccord Genuity reissued a “hold” rating on shares of Bill Barrett Corp. in a report on Monday, May 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $6.92.
The firm’s market capitalization is $385.94 million. The company’s 50-day moving average price is $5.93 and its 200 day moving average price is $6.18.
Bill Barrett Corp. (NYSE:BBG) last released its earnings results on Thursday, August 4th. The energy company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.08. During the same quarter in the prior year, the business posted ($0.18) EPS. The business had revenue of $57.28 million for the quarter, compared to analysts’ expectations of $55.67 million. The business’s revenue for the quarter was down 24.5% compared to the same quarter last year. Analysts expect that Bill Barrett Corp. will post ($0.71) EPS for the current year.
An institutional investor recently raised its position in Bill Barrett Corp. stock. Schwab Charles Investment Management Inc. raised its stake in Bill Barrett Corp. (NYSE:BBG) by 30.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 1.02% of Bill Barrett Corp. worth $1,943,000 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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