KLR Group reissued their buy rating on shares of Bill Barrett Corporation (NYSE:BBG) in a research note published on Thursday morning. They currently have a $8.00 price objective on the energy company’s stock, up from their previous price objective of $7.00.
Other equities analysts have also issued research reports about the stock. Stifel Nicolaus restated a buy rating and set a $8.00 price objective on shares of Bill Barrett Corporation in a research report on Wednesday, April 12th. BMO Capital Markets reaffirmed a hold rating and set a $5.00 price objective on shares of Bill Barrett Corporation in a research note on Wednesday, May 3rd. 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. Barclays PLC reaffirmed an equal weight rating and set a $5.00 price objective (down from $6.00) on shares of Bill Barrett Corporation in a research note on Saturday, April 22nd. Finally, FBR & Co reduced their price objective on shares of Bill Barrett Corporation from $6.00 to $5.00 and set a market perform rating for the company in a research note on Thursday, May 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. Bill Barrett Corporation currently has an average rating of Hold and a consensus price target of $6.85.
Bill Barrett Corporation (NYSE:BBG) traded up 10.41% during trading on Thursday, hitting $3.50. 1,258,788 shares of the stock were exchanged. Bill Barrett Corporation has a 12-month low of $2.75 and a 12-month high of $8.24. The firm’s market cap is $262.08 million. The stock’s 50-day moving average price is $3.20 and its 200-day moving average price is $4.37.
Bill Barrett Corporation (NYSE:BBG) last posted its quarterly earnings data on Tuesday, August 1st. The energy company reported ($0.17) earnings per share for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $53.57 million. During the same quarter last year, the firm posted ($0.13) EPS. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, equities analysts expect that Bill Barrett Corporation will post ($0.78) EPS for the current year.
Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in Bill Barrett Corporation by 28.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,778,019 shares of the energy company’s stock worth $12,429,000 after buying an additional 392,211 shares during the period. Thrivent Financial for Lutherans raised its stake in Bill Barrett Corporation by 21.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 37,580 shares of the energy company’s stock worth $263,000 after buying an additional 6,640 shares during the period. Teachers Advisors LLC raised its stake in Bill Barrett Corporation by 40.6% in the fourth quarter. Teachers Advisors LLC now owns 105,945 shares of the energy company’s stock worth $741,000 after buying an additional 30,571 shares during the period. Louisiana State Employees Retirement System raised its stake in Bill Barrett Corporation by 27.3% in the first quarter. Louisiana State Employees Retirement System now owns 30,800 shares of the energy company’s stock worth $140,000 after buying an additional 6,600 shares during the period. Finally, Malaga Cove Capital LLC raised its stake in Bill Barrett Corporation by 1.8% in the first quarter. Malaga Cove Capital LLC now owns 143,594 shares of the energy company’s stock worth $646,000 after buying an additional 2,500 shares during the period.
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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