Shares of Bill Barrett Corporation (NYSE:BBG) shot up 8.6% on Wednesday . The company traded as high as $3.50 and last traded at $3.41. 2,341,426 shares were traded during mid-day trading, an increase of 47% from the average session volume of 1,595,430 shares. The stock had previously closed at $3.14.

A number of brokerages have recently weighed in on BBG. KeyCorp reaffirmed a “hold” rating on shares of Bill Barrett Corporation in a research note on Tuesday. Zacks Investment Research raised shares of Bill Barrett Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. BMO Capital Markets set a $3.00 target price on shares of Bill Barrett Corporation and gave the company a “hold” rating in a research note on Saturday, August 12th. BidaskClub lowered shares of Bill Barrett Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Finally, KLR Group reissued a “buy” rating and set a $8.00 target price (up from $7.00) on shares of Bill Barrett Corporation in a research note on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $6.92.

The company’s 50 day moving average is $3.12 and its 200 day moving average is $3.68. The stock’s market capitalization is $255.34 million.

Bill Barrett Corporation (NYSE:BBG) last released its quarterly earnings data on Tuesday, August 1st. The energy company reported ($0.17) earnings per share for the quarter, topping the 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 business had revenue of $51.07 million for the quarter, compared to analyst estimates of $53.57 million. During the same quarter last year, the firm earned ($0.13) EPS. Bill Barrett Corporation’s quarterly revenue was up 8.0% compared to the same quarter last year. Analysts forecast that Bill Barrett Corporation will post ($0.79) earnings per share for the current year.

In other Bill Barrett Corporation news, CEO R Scot Woodall sold 10,000 shares of Bill Barrett Corporation stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $3.04, for a total value of $30,400.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.70% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted 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 valued at $19,079,000 after buying an additional 1,777,309 shares in the last quarter. Vanguard Group Inc. lifted 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 valued at $24,951,000 after buying an additional 397,849 shares in the last quarter. JPMorgan Chase & Co. lifted 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 valued at $16,309,000 after buying an additional 579,442 shares in the last quarter. State Street Corp lifted 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 valued at $22,136,000 after buying an additional 1,865,747 shares in the last quarter. Finally, Divisar Capital Management LLC lifted its stake in Bill Barrett Corporation by 105.5% in the second quarter. Divisar Capital Management LLC now owns 3,528,178 shares of the energy company’s stock valued at $10,832,000 after buying an additional 1,811,339 shares in the last quarter. 91.60% of the stock is currently owned by hedge funds and other 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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