Bill Barrett Corporation (NYSE:BBG) has been given an average recommendation of “Hold” by the seventeen brokerages that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $6.89.

Several research firms have recently issued reports on BBG. Zacks Investment Research upgraded shares of Bill Barrett Corporation from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a research report on Tuesday. Imperial Capital initiated coverage on shares of Bill Barrett Corporation in a report on Thursday, September 28th. They issued an “in-line” rating and a $5.00 target price on the stock. KeyCorp restated a “hold” rating on shares of Bill Barrett Corporation in a research report on Tuesday, September 12th. ValuEngine lowered shares of Bill Barrett Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Finally, BMO Capital Markets set a $3.00 target price on shares of Bill Barrett Corporation and gave the company a “hold” rating in a research note on Saturday, August 12th.

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In other Bill Barrett Corporation news, CEO R Scot Woodall sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $3.04, for a total transaction of $30,400.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.70% of the company’s stock.

Several large investors have recently bought and sold shares of BBG. Dimensional Fund Advisors LP boosted its holdings in shares of Bill Barrett Corporation by 40.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,214,771 shares of the energy company’s stock worth $19,079,000 after purchasing an additional 1,777,309 shares during the period. Vanguard Group Inc. increased its position in shares of Bill Barrett Corporation by 7.8% during the 1st quarter. Vanguard Group Inc. now owns 5,483,818 shares of the energy company’s stock valued at $24,951,000 after purchasing an additional 397,849 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Bill Barrett Corporation by 12.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,312,279 shares of the energy company’s stock valued at $16,309,000 after purchasing an additional 579,442 shares during the last quarter. State Street Corp increased its position in shares of Bill Barrett Corporation by 62.2% during the 1st quarter. State Street Corp now owns 4,865,033 shares of the energy company’s stock valued at $22,136,000 after purchasing an additional 1,865,747 shares during the last quarter. Finally, Divisar Capital Management LLC increased its position in shares of Bill Barrett Corporation by 105.5% during the 2nd quarter. Divisar Capital Management LLC now owns 3,528,178 shares of the energy company’s stock valued at $10,832,000 after purchasing an additional 1,811,339 shares during the last quarter. 90.75% of the stock is owned by institutional investors and hedge funds.

Bill Barrett Corporation (NYSE:BBG) opened at 4.28 on Wednesday. The stock’s market cap is $320.49 million. The stock’s 50 day moving average price is $3.44 and its 200 day moving average price is $3.59. Bill Barrett Corporation has a one year low of $2.66 and a one year high of $8.24.

Bill Barrett Corporation (NYSE:BBG) last posted its quarterly earnings results on Tuesday, August 1st. The energy company reported ($0.17) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.07. Bill Barrett Corporation had a negative return on equity of 7.65% and a negative net margin of 52.54%. The company had revenue of $51.07 million for the quarter, compared to analysts’ expectations of $53.57 million. During the same period in the previous year, the firm earned ($0.13) EPS. The firm’s revenue was up 8.0% compared to the same quarter last year. Equities analysts predict that Bill Barrett Corporation will post ($0.78) earnings per share for the current fiscal year.

About Bill Barrett Corporation

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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