Bill Barrett Corp. (NYSE:BBG) shares shot up 2.4% on Tuesday . The company traded as high as $5.23 and last traded at $5.15, with a volume of 1,079,435 shares changing hands. The stock had previously closed at $5.03.

A number of research firms have weighed in on BBG. Deutsche Bank AG lifted their price objective on shares of Bill Barrett Corp. from $8.00 to $9.00 and gave the company a “hold” rating in a report on Tuesday, June 14th. Barclays PLC lifted their price objective on shares of Bill Barrett Corp. from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Monday, June 6th. Canaccord Genuity reiterated a “hold” rating on shares of Bill Barrett Corp. in a research report on Saturday, June 4th. Cantor Fitzgerald reiterated a “hold” rating and issued a $7.50 target price on shares of Bill Barrett Corp. in a research report on Friday, June 3rd. Finally, Wunderlich dropped their target price on shares of Bill Barrett Corp. from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, June 3rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. Bill Barrett Corp. presently has an average rating of “Hold” and an average price target of $6.92.

The stock’s market cap is $307.07 million. The company has a 50-day moving average price of $6.07 and a 200 day moving average price of $6.56.

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Bill Barrett Corp. (NYSE:BBG) last announced its quarterly earnings results on Thursday, August 4th. The energy company reported ($0.13) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.08. The business earned $57.28 million during the quarter, compared to the consensus estimate of $55.67 million. Bill Barrett Corp. had a negative net margin of 304.34% and a negative return on equity of 3.97%. The business’s revenue was down 24.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.18) EPS. On average, analysts predict that Bill Barrett Corp. will post ($0.70) EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in BBG. Capital Fund Management S.A. bought a new position in shares of Bill Barrett Corp. during the second quarter worth about $100,000. Jefferies Group LLC bought a new position in shares of Bill Barrett Corp. during the second quarter worth about $102,000. BlackRock Inc. increased its position in shares of Bill Barrett Corp. by 391.5% in the second quarter. BlackRock Inc. now owns 16,677 shares of the energy company’s stock worth $106,000 after buying an additional 13,284 shares in the last quarter. Profund Advisors LLC increased its position in shares of Bill Barrett Corp. by 4.5% in the second quarter. Profund Advisors LLC now owns 16,790 shares of the energy company’s stock worth $107,000 after buying an additional 728 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Bill Barrett Corp. by 711.5% in the second quarter. Tower Research Capital LLC TRC now owns 17,992 shares of the energy company’s stock worth $115,000 after buying an additional 15,775 shares in the last quarter.

Bill Barrett Corp. 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. The Company develops oil and natural gas in the Rocky Mountain region of the United States.

5 Day Chart for NYSE:BBG

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