Bill Barrett Corporation (NYSE:BBG)’s share price was up 7.5% during trading on Wednesday . The company traded as high as $3.32 and last traded at $3.30. Approximately 1,885,869 shares changed hands during trading, an increase of 14% from the average daily volume of 1,651,470 shares. The stock had previously closed at $3.07.

A number of equities analysts have recently commented on BBG shares. Zacks Investment Research raised shares of Bill Barrett Corporation from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Stifel Nicolaus reaffirmed a “buy” rating and set a $8.00 target price on shares of Bill Barrett Corporation in a research report on Friday, May 26th. BMO Capital Markets set a $3.00 target price on shares of Bill Barrett Corporation and gave the stock a “hold” rating in a research report on Saturday, August 12th. ValuEngine lowered shares of Bill Barrett Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Finally, KLR Group reissued a “buy” rating and set a $8.00 price objective (up from $7.00) on shares of Bill Barrett Corporation in a report on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $6.92.

The firm’s 50 day moving average is $3.15 and its 200 day moving average is $3.76. The stock’s market capitalization is $247.11 million.

Bill Barrett Corporation (NYSE:BBG) last announced its quarterly earnings data on Tuesday, August 1st. The energy company reported ($0.17) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.07. Bill Barrett Corporation had a negative net margin of 52.54% and a negative return on equity of 7.65%. The company had revenue of $51.07 million for the quarter, compared to the consensus estimate of $53.57 million. During the same period in the prior year, the firm posted ($0.13) EPS. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. Analysts anticipate that Bill Barrett Corporation will post ($0.79) EPS for the current year.

Several large investors have recently made changes to their positions in BBG. Dimensional Fund Advisors LP increased its position in shares of Bill Barrett Corporation by 149.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,437,462 shares of the energy company’s stock valued at $20,190,000 after purchasing an additional 2,659,443 shares during the last quarter. State Street Corp increased its position in shares of Bill Barrett Corporation by 62.2% in the 1st quarter. State Street Corp now owns 4,865,033 shares of the energy company’s stock valued at $22,136,000 after purchasing an additional 1,865,747 shares during the last quarter. Divisar Capital Management LLC increased its position in shares of Bill Barrett Corporation by 105.5% in the 2nd quarter. Divisar Capital Management LLC now owns 3,528,178 shares of the energy company’s stock valued at $10,832,000 after purchasing an additional 1,811,339 shares during the last quarter. Schroder Investment Management Group purchased a new stake in shares of Bill Barrett Corporation in the 1st quarter valued at approximately $3,201,000. Finally, TIAA CREF Investment Management LLC increased its position in shares of Bill Barrett Corporation by 128.3% in the 1st quarter. TIAA CREF Investment Management LLC now owns 1,064,618 shares of the energy company’s stock valued at $4,844,000 after purchasing an additional 598,376 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This piece of content was posted by Daily Political and is the sole property of of Daily Political. If you are viewing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark law. The original version of this piece of content can be viewed at https://www.dailypolitical.com/2017/09/06/bill-barrett-corporation-bbg-trading-up-7-5.html.

Bill Barrett Corporation Company Profile

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.