Shares of Bill Barrett Corporation (NYSE:BBG) have been given an average recommendation of “Hold” by the fourteen ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $7.21.

Several research firms recently weighed in on BBG. Zacks Investment Research raised shares of Bill Barrett Corporation from a “sell” rating to a “hold” rating in a research note on Monday. BMO Capital Markets reaffirmed a “hold” rating and set a $5.00 target price on shares of Bill Barrett Corporation in a research note on Wednesday, May 3rd. Barclays PLC reaffirmed an “equal weight” rating and set a $5.00 target price (down from $6.00) on shares of Bill Barrett Corporation in a research note on Saturday, April 22nd. FBR & Co cut their target price on shares of Bill Barrett Corporation from $6.00 to $5.00 and set a “market perform” rating for the company in a research note on Thursday, May 4th. Finally, BidaskClub cut shares of Bill Barrett Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday.

Shares of Bill Barrett Corporation (NYSE:BBG) opened at 3.11 on Tuesday. The firm’s market cap is $232.88 million. The company has a 50 day moving average price of $3.21 and a 200-day moving average price of $4.13. Bill Barrett Corporation has a 52-week low of $2.75 and a 52-week high of $8.24.

Bill Barrett Corporation (NYSE:BBG) last posted its earnings results on Tuesday, August 1st. The energy company reported ($0.17) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.07. The company had revenue of $51.07 million during the quarter, compared to analysts’ expectations of $53.57 million. Bill Barrett Corporation had a negative net margin of 52.54% and a negative return on equity of 7.65%. Bill Barrett Corporation’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the company posted ($0.13) earnings per share. On average, analysts expect that Bill Barrett Corporation will post ($0.77) earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in BBG. Arizona State Retirement System raised its position in Bill Barrett Corporation by 0.8% in the second quarter. Arizona State Retirement System now owns 39,760 shares of the energy company’s stock valued at $122,000 after buying an additional 300 shares during the period. New York State Teachers Retirement System raised its position in Bill Barrett Corporation by 0.8% in the first quarter. New York State Teachers Retirement System now owns 86,863 shares of the energy company’s stock valued at $395,000 after buying an additional 700 shares during the period. Texas Permanent School Fund raised its position in Bill Barrett Corporation by 1.6% in the second quarter. Texas Permanent School Fund now owns 55,704 shares of the energy company’s stock valued at $171,000 after buying an additional 882 shares during the period. Stevens Capital Management LP raised its position in Bill Barrett Corporation by 1.3% in the second quarter. Stevens Capital Management LP now owns 107,077 shares of the energy company’s stock valued at $329,000 after buying an additional 1,411 shares during the period. Finally, Malaga Cove Capital LLC raised its position in Bill Barrett Corporation by 1.8% in the first quarter. Malaga Cove Capital LLC now owns 143,594 shares of the energy company’s stock valued at $646,000 after buying an additional 2,500 shares during the period.

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Bill Barrett Corporation 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.

Analyst Recommendations for Bill Barrett Corporation (NYSE:BBG)

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