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

Several equities analysts have commented on BBG shares. Stifel Nicolaus restated a “buy” rating and issued a $8.00 price target on shares of Bill Barrett Corporation in a research note on Friday, May 26th. BMO Capital Markets set a $2.00 target price on shares of Bill Barrett Corporation and gave the stock a “hold” rating in a research note on Monday, June 26th. Seaport Global Securities downgraded shares of Bill Barrett Corporation from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $6.00 to $1.50 in a research note on Wednesday, June 21st. Zacks Investment Research downgraded shares of Bill Barrett Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Finally, BidaskClub downgraded shares of Bill Barrett Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Three 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 company. The stock currently has a consensus rating of “Hold” and an average price target of $6.92.

The company’s market capitalization is $235.13 million. The stock’s 50-day moving average is $3.15 and its 200-day moving average is $3.75.

Bill Barrett Corporation (NYSE:BBG) last announced its quarterly earnings data on Tuesday, August 1st. The energy company reported ($0.17) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.07. The company had revenue of $51.07 million during the quarter, compared to analyst estimates 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 revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the business earned ($0.13) EPS. Analysts forecast that Bill Barrett Corporation will post ($0.79) EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in BBG. Teachers Advisors LLC grew its holdings in Bill Barrett Corporation by 40.6% during the 4th quarter. Teachers Advisors LLC now owns 105,945 shares of the energy company’s stock worth $741,000 after acquiring an additional 30,571 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in Bill Barrett Corporation by 27.3% during the 1st quarter. Louisiana State Employees Retirement System now owns 30,800 shares of the energy company’s stock worth $140,000 after acquiring an additional 6,600 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Bill Barrett Corporation by 8.9% during the 1st quarter. Russell Investments Group Ltd. now owns 735,976 shares of the energy company’s stock worth $3,348,000 after acquiring an additional 60,079 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Bill Barrett Corporation by 260.4% during the 1st quarter. Wells Fargo & Company MN now owns 127,743 shares of the energy company’s stock worth $581,000 after acquiring an additional 92,296 shares in the last quarter. Finally, Boston Partners grew its holdings in Bill Barrett Corporation by 20.9% during the 1st quarter. Boston Partners now owns 1,338,847 shares of the energy company’s stock worth $6,092,000 after acquiring an additional 231,680 shares in the last quarter. 91.60% of the stock is owned by institutional investors.

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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.

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