Bill Barrett Co. (NYSE:BBG)‘s stock had its “buy” rating reaffirmed by Stifel Nicolaus in a report issued on Friday. They currently have a $8.00 target price on the energy company’s stock. Stifel Nicolaus’ target price points to a potential upside of 111.08% from the stock’s current price.

BBG has been the subject of several other research reports. Wunderlich lowered their price objective on shares of Bill Barrett from $8.00 to $5.00 and set a “hold” rating for the company in a research report on Friday, March 3rd. National Securities lowered their price objective on shares of Bill Barrett from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, February 28th. Deutsche Bank AG lowered their price objective on shares of Bill Barrett from $9.00 to $8.00 and set a “hold” rating for the company in a research report on Tuesday, March 7th. Zacks Investment Research lowered shares of Bill Barrett from a “buy” rating to a “hold” rating in a research report on Tuesday, February 7th. Finally, FBR & Co initiated coverage on shares of Bill Barrett in a research report on Friday, March 10th. They set a “market perform” rating and a $6.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Bill Barrett presently has an average rating of “Buy” and a consensus target price of $8.00.

Analyst Recommendations for Bill Barrett (NYSE:BBG)

Bill Barrett (NYSE:BBG) traded up 2.71% during mid-day trading on Friday, reaching $3.79. 1,719,854 shares of the company’s stock traded hands. Bill Barrett has a 12-month low of $3.42 and a 12-month high of $9.05. The stock’s market capitalization is $283.12 million. The stock has a 50-day moving average price of $3.93 and a 200-day moving average price of $5.64.

Bill Barrett (NYSE:BBG) last released its quarterly earnings data on Tuesday, May 2nd. The energy company reported ($0.16) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.10. Bill Barrett had a negative net margin of 81.86% and a negative return on equity of 4.43%. The business had revenue of $50.54 million during the quarter, compared to analyst estimates of $52.83 million. Equities research analysts expect that Bill Barrett will post ($0.74) EPS for the current year.

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Large investors have recently added to or reduced their stakes in the company. UBS Oconnor LLC purchased a new stake in Bill Barrett during the third quarter valued at about $1,836,000. California State Teachers Retirement System raised its stake in Bill Barrett by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 92,688 shares of the energy company’s stock valued at $364,000 after buying an additional 1,600 shares during the period. Systematic Financial Management LP purchased a new stake in Bill Barrett during the fourth quarter valued at about $1,620,000. California Public Employees Retirement System raised its stake in Bill Barrett by 11.5% in the fourth quarter. California Public Employees Retirement System now owns 1,513,300 shares of the energy company’s stock valued at $5,947,000 after buying an additional 155,500 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Bill Barrett by 28.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,778,019 shares of the energy company’s stock valued at $12,429,000 after buying an additional 392,211 shares during the period. Hedge funds and other institutional investors own 83.00% of the company’s stock.

Bill Barrett 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. It has over two areas of production: The Denver-Julesburg Basin (DJ Basin) and the Uinta Oil Program in the Uinta Basin.

12 Month Chart for NYSE:BBG

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