Shares of Bill Barrett Co. (NYSE:BBG) have been given a consensus rating of “Hold” by the sixteen analysts that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $7.18.
Several analysts have commented on the stock. Zacks Investment Research lowered shares of Bill Barrett from a “buy” rating to a “hold” rating in a report on Thursday. Imperial Capital upgraded shares of Bill Barrett from an “in-line” rating to an “outperform” rating and set a $9.00 price objective for the company in a report on Monday, February 5th. ValuEngine upgraded shares of Bill Barrett from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 31st. Barclays lowered their price objective on shares of Bill Barrett from $7.00 to $6.00 and set an “equal weight” rating for the company in a report on Tuesday, December 12th. Finally, Seaport Global Securities restated a “neutral” rating on shares of Bill Barrett in a report on Tuesday, December 19th.
Shares of Bill Barrett (NYSE:BBG) traded up $0.01 on Tuesday, reaching $4.90. 3,603,977 shares of the company’s stock traded hands, compared to its average volume of 2,409,314. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 1.30. Bill Barrett has a twelve month low of $2.66 and a twelve month high of $6.93.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Sterling Investment Advisors Ltd. increased its position in shares of Bill Barrett by 100.0% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 20,000 shares of the energy company’s stock valued at $103,000 after acquiring an additional 10,000 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of Bill Barrett during the third quarter valued at approximately $120,000. Teacher Retirement System of Texas bought a new stake in shares of Bill Barrett during the fourth quarter valued at approximately $128,000. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Bill Barrett during the second quarter valued at approximately $148,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Bill Barrett during the fourth quarter valued at approximately $160,000. 85.49% of the stock is owned by institutional investors.
About Bill Barrett
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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