Bill Barrett Corporation (NYSE:BBG) has been assigned a $7.00 target price by research analysts at Stifel Nicolaus in a note issued to investors on Thursday. The brokerage currently has a “buy” rating on the energy company’s stock. Stifel Nicolaus’ target price points to a potential upside of 60.55% from the company’s previous close.

Several other equities analysts have also recently weighed in on BBG. BMO Capital Markets set a $3.00 price target on Bill Barrett Corporation and gave the company a “hold” rating in a report on Saturday, August 12th. BidaskClub cut Bill Barrett Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. KLR Group restated a “buy” rating and set a $8.00 price target (up previously from $7.00) on shares of Bill Barrett Corporation in a report on Thursday, August 3rd. Imperial Capital began coverage on Bill Barrett Corporation in a research note on Thursday, September 28th. They issued an “in-line” rating and a $5.00 price objective for the company. Finally, Zacks Investment Research raised Bill Barrett Corporation from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $6.82.

Bill Barrett Corporation (NYSE:BBG) traded down 4.702% during mid-day trading on Thursday, reaching $4.155. The company had a trading volume of 396,714 shares. The firm has a 50-day moving average of $3.51 and a 200 day moving average of $3.60. The company’s market capitalization is $311.13 million. Bill Barrett Corporation has a 1-year low of $2.66 and a 1-year high of $8.24.

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

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In related news, CEO R Scot Woodall sold 10,000 shares of the firm’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 document filed with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the stock. Louisiana State Employees Retirement System raised its position in Bill Barrett Corporation by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 22,300 shares of the energy company’s stock valued at $142,000 after purchasing an additional 200 shares in the last quarter. Arizona State Retirement System raised its position in Bill Barrett Corporation by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 39,760 shares of the energy company’s stock valued at $122,000 after purchasing an additional 300 shares in the last quarter. Victory Capital Management Inc. raised its position in Bill Barrett Corporation by 0.6% during the 3rd quarter. Victory Capital Management Inc. now owns 100,092 shares of the energy company’s stock valued at $557,000 after purchasing an additional 570 shares in the last quarter. New York State Teachers Retirement System raised its position in Bill Barrett Corporation by 0.8% during the 1st quarter. New York State Teachers Retirement System now owns 86,863 shares of the energy company’s stock valued at $395,000 after purchasing an additional 700 shares in the last quarter. Finally, Texas Permanent School Fund raised its position in Bill Barrett Corporation by 1.6% during the 2nd quarter. Texas Permanent School Fund now owns 55,704 shares of the energy company’s stock valued at $171,000 after purchasing an additional 882 shares in the last quarter. 90.75% of the stock is owned by hedge funds and other institutional investors.

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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