Bill Barrett Corp. (BBG) PT Raised to $14.00 at Howard Weil
Bill Barrett Corp. (NYSE:BBG) had its target price lifted by equities researchers 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 objective would suggest a potential upside of 167.18% from the company’s current price.
Other research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Bill Barrett Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. 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. Barclays PLC cut their price target on shares of Bill Barrett Corp. from $8.00 to $6.00 and set an “equal weight” rating for the company in a report on Thursday, August 11th. Cantor Fitzgerald reissued a “hold” rating and issued a $7.50 price target on shares of Bill Barrett Corp. in a report on Wednesday, July 6th. Finally, Johnson Rice assumed coverage on shares of Bill Barrett Corp. in a report on Thursday, June 30th. They set a “buy” rating for the company. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Bill Barrett Corp. currently has a consensus rating of “Hold” and a consensus price target of $7.44.
Shares of Bill Barrett Corp. (NYSE:BBG) opened at 5.24 on Friday. The firm’s 50-day moving average price is $5.81 and its 200 day moving average price is $6.53. Bill Barrett Corp. has a 1-year low of $2.19 and a 1-year high of $9.38. The company’s market capitalization is $315.50 million.
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Bill Barrett Corp. (NYSE:BBG) last released its quarterly earnings data on Thursday, August 4th. The energy company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates 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 business earned $57.28 million during the quarter, compared to analyst estimates of $55.67 million. During the same period in the previous year, the business earned ($0.18) EPS. Bill Barrett Corp.’s revenue was down 24.5% compared to the same quarter last year. Equities analysts predict that Bill Barrett Corp. will post ($0.70) EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of the company. Capital Fund Management S.A. purchased a new position in shares of Bill Barrett Corp. during the second quarter valued at about $100,000. Jefferies Group LLC purchased a new position in shares of Bill Barrett Corp. during the second quarter valued at 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 valued at $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 valued at $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 valued at $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.
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