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Equities research analysts at SunTrust boosted their target price on shares of Bill Barrett (NYSE:BBG) from $34.00 to $37.00 in a research note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. SunTrust’s price objective suggests a potential upside of 39.62% from the stock’s previous close.

Bill Barrett (NYSE:BBG) traded up 0.42% on Wednesday, hitting $26.50. 574,820 shares of the company’s stock traded hands. Bill Barrett has a 1-year low of $20.52 and a 1-year high of $30.69. The stock’s 50-day moving average is $26.48 and its 200-day moving average is $25.68. The company’s market cap is $1.271 billion.

Bill Barrett (NYSE:BBG) last released its earnings data on Thursday, May 1st. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.08 by $0.13. The company had revenue of $127.70 million for the quarter, compared to the consensus estimate of $125.95 million. During the same quarter in the prior year, the company posted ($0.25) earnings per share. The company’s quarterly revenue was down 7.7% on a year-over-year basis. Analysts expect that Bill Barrett will post $0.32 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on BBG. Analysts at Mizuho downgraded shares of Bill Barrett from a “buy” rating to a “neutral” rating in a research note on Thursday, June 19th. They now have a $28.00 price target on the stock, down previously from $29.00. They noted that the move was a valuation call. Separately, analysts at Midtown Partners upgraded shares of Bill Barrett from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 6th. They now have a $29.00 price target on the stock. Finally, analysts at Wells Fargo & Co. upgraded shares of Bill Barrett from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 6th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Bill Barrett has a consensus rating of “Buy” and an average price target of $30.19.

Bill Barrett Corporation explores for and develops oil and natural gas in the Rocky Mountain region of the United States.

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