Bill Barrett Corp. (BBG) PT Raised to $14.00 at Howard Weil
Bill Barrett Corp. (NYSE:BBG) had its price objective hoisted by investment analysts at Howard Weil from $12.00 to $14.00 in a research report issued on Friday. The firm currently has a “sector outperform” rating on the energy company’s stock. Howard Weil’s price target would suggest a potential upside of 167.18% from the stock’s previous close.
Several other analysts also recently issued reports on BBG. Johnson Rice initiated coverage on shares of Bill Barrett Corp. in a report on Thursday, June 30th. They issued a “buy” rating on the stock. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $7.50 price target on shares of Bill Barrett Corp. in a report on Wednesday, July 6th. Zacks Investment Research raised shares of Bill Barrett Corp. from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a report on Tuesday, July 12th. Canaccord Genuity set a $7.00 price target on shares of Bill Barrett Corp. and gave the company a “hold” rating in a report on Saturday, August 6th. Finally, Barclays PLC reduced their price target on shares of Bill Barrett Corp. from $8.00 to $6.00 and set an “equal weight” rating on the stock in a report on Thursday, August 11th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Bill Barrett Corp. currently has a consensus rating of “Hold” and an average target price of $7.44.
Bill Barrett Corp. (NYSE:BBG) opened at 5.24 on Friday. The company’s market capitalization is $315.50 million. Bill Barrett Corp. has a 52 week low of $2.19 and a 52 week high of $9.38. The firm has a 50-day moving average price of $5.81 and a 200-day moving average price of $6.53.
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Bill Barrett Corp. (NYSE:BBG) last issued its earnings results on Thursday, August 4th. The energy company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.08. Bill Barrett Corp. had a negative net margin of 304.34% and a negative return on equity of 3.97%. The company had revenue of $57.28 million for the quarter, compared to analyst estimates of $55.67 million. During the same period in the prior year, the business posted ($0.18) earnings per share. The firm’s revenue for the quarter was down 24.5% compared to the same quarter last year. Analysts anticipate that Bill Barrett Corp. will post ($0.70) EPS for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the company. Prudential Financial Inc. raised its stake in Bill Barrett Corp. by 3.6% in the first quarter. Prudential Financial Inc. now owns 117,906 shares of the energy company’s stock valued at $733,000 after buying an additional 4,100 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Bill Barrett Corp. by 13.5% in the first quarter. JPMorgan Chase & Co. now owns 6,254,013 shares of the energy company’s stock valued at $38,900,000 after buying an additional 744,528 shares during the last quarter. Geode Capital Management LLC raised its stake in Bill Barrett Corp. by 16.0% in the first quarter. Geode Capital Management LLC now owns 333,822 shares of the energy company’s stock valued at $2,076,000 after buying an additional 45,947 shares during the last quarter. Bogle Investment Management L P DE acquired a new stake in Bill Barrett Corp. during the first quarter valued at about $728,000. Finally, A.R.T. Advisors LLC raised its stake in Bill Barrett Corp. by 2.9% in the first quarter. A.R.T. Advisors LLC now owns 129,249 shares of the energy company’s stock valued at $803,000 after buying an additional 3,616 shares during the last quarter.
About Bill Barrett Corp.
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.
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