Bill Barrett Corporation (NYSE:BBG) shares reached a new 52-week low during trading on Monday . The stock traded as low as $2.74 and last traded at $2.74, with a volume of 817,999 shares traded. The stock had previously closed at $2.87.

Several research firms have recently commented on BBG. Zacks Investment Research raised Bill Barrett Corporation from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. BMO Capital Markets set a $3.00 price objective on Bill Barrett Corporation and gave the stock a “hold” rating in a research note on Saturday, August 12th. BidaskClub downgraded Bill Barrett Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. KLR Group reaffirmed a “buy” rating and issued a $8.00 price objective (up previously from $7.00) on shares of Bill Barrett Corporation in a research note on Thursday, August 3rd. Finally, Seaport Global Securities downgraded Bill Barrett Corporation from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $6.00 to $1.50 in a research note on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $6.92.

The stock’s 50 day moving average is $3.18 and its 200 day moving average is $3.93. The firm’s market cap is $206.67 million.

Bill Barrett Corporation (NYSE:BBG) last issued its quarterly earnings results on Tuesday, August 1st. The energy company reported ($0.17) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.07. The business had revenue of $51.07 million during the quarter, compared to the consensus estimate of $53.57 million. Bill Barrett Corporation had a negative net margin of 52.54% and a negative return on equity of 7.65%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.13) EPS. On average, analysts forecast that Bill Barrett Corporation will post ($0.78) earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in Bill Barrett Corporation by 40.1% in the second quarter. Dimensional Fund Advisors LP now owns 6,214,771 shares of the energy company’s stock worth $19,079,000 after buying an additional 1,777,309 shares during the last quarter. Vanguard Group Inc. increased its stake in Bill Barrett Corporation by 7.8% in the first quarter. Vanguard Group Inc. now owns 5,483,818 shares of the energy company’s stock worth $24,951,000 after buying an additional 397,849 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Bill Barrett Corporation by 12.2% in the second quarter. JPMorgan Chase & Co. now owns 5,312,279 shares of the energy company’s stock worth $16,309,000 after buying an additional 579,442 shares during the last quarter. Caymus Capital Partners L.P. increased its stake in Bill Barrett Corporation by 50.8% in the first quarter. Caymus Capital Partners L.P. now owns 4,988,800 shares of the energy company’s stock worth $22,699,000 after buying an additional 1,679,900 shares during the last quarter. Finally, State Street Corp increased its stake in Bill Barrett Corporation by 62.2% in the first quarter. State Street Corp now owns 4,865,033 shares of the energy company’s stock worth $22,136,000 after buying an additional 1,865,747 shares during the last quarter. Institutional investors own 91.60% of the company’s stock.

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About Bill Barrett Corporation

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. It has over two areas of production: The Denver-Julesburg Basin (DJ Basin) and the Uinta Oil Program in the Uinta Basin.

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