Bill Barrett Corp. (BBG) Shares Up 8%
Bill Barrett Corp. (NYSE:BBG) shares shot up 8% during mid-day trading on Thursday . The stock traded as high as $6.68 and last traded at $6.61, with a volume of 1,508,752 shares traded. The stock had previously closed at $6.12.
Several brokerages recently commented on BBG. Canaccord Genuity reissued a “hold” rating on shares of Bill Barrett Corp. in a research report on Saturday, June 4th. Zacks Investment Research downgraded shares of Bill Barrett Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. Deutsche Bank AG downgraded shares of Bill Barrett Corp. from a “buy” rating to a “hold” rating and set a $8.00 price objective on the stock. in a research report on Tuesday, May 3rd. Barclays PLC cut their price objective on shares of Bill Barrett Corp. from $8.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 11th. Finally, Cantor Fitzgerald downgraded shares of Bill Barrett Corp. from a “buy” rating to a “hold” rating and increased their price objective for the company from $6.00 to $7.50 in a research report on Tuesday, April 26th. 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 stock. The stock presently has an average rating of “Hold” and an average target price of $6.92.
The stock’s market cap is $390.15 million. The company has a 50 day moving average price of $5.93 and a 200-day moving average price of $6.06.
Bill Barrett Corp. (NYSE:BBG) last announced its earnings results on Thursday, August 4th. The energy company reported ($0.13) EPS for the quarter, topping the Zacks’ 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. During the same quarter in the prior year, the firm posted ($0.18) earnings per share. The business’s revenue for the quarter was down 24.5% compared to the same quarter last year. On average, equities analysts forecast that Bill Barrett Corp. will post ($0.71) earnings per share for the current year.
An institutional investor recently raised its position in Bill Barrett Corp. stock. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Bill Barrett Corp. (NYSE:BBG) by 87.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 approximately 1.24% of Bill Barrett Corp. worth $2,360,000 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.