Bill Barrett (NYSE:BBG) had its price target cut by research analysts at Barclays from $7.00 to $6.00 in a note issued to investors on Tuesday. The firm currently has an “equal weight” rating on the energy company’s stock. Barclays’ price target would suggest a potential upside of 25.52% from the stock’s current price.

A number of other analysts have also commented on the company. Stifel Nicolaus set a $7.00 price objective on Bill Barrett and gave the stock a “buy” rating in a report on Thursday, October 5th. Zacks Investment Research raised Bill Barrett from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a report on Tuesday, October 3rd. Scotiabank reissued a “buy” rating and set a $10.00 price objective on shares of Bill Barrett in a report on Wednesday, November 1st. BMO Capital Markets set a $6.00 price objective on Bill Barrett and gave the stock a “hold” rating in a report on Tuesday, November 14th. Finally, KeyCorp reissued a “hold” rating on shares of Bill Barrett in a report on Monday, October 16th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $6.50.

Bill Barrett (NYSE:BBG) traded up $0.04 during mid-day trading on Tuesday, reaching $4.78. The company had a trading volume of 2,504,900 shares, compared to its average volume of 1,911,871. Bill Barrett has a fifty-two week low of $2.66 and a fifty-two week high of $7.88. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.78 and a current ratio of 2.78.

Bill Barrett (NYSE:BBG) last posted its quarterly earnings results on Tuesday, October 31st. The energy company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.12. Bill Barrett had a negative return on equity of 7.59% and a negative net margin of 49.61%. The business had revenue of $67.87 million for the quarter, compared to the consensus estimate of $61.23 million. During the same period in the prior year, the business earned ($0.10) EPS. The firm’s revenue for the quarter was up 34.4% on a year-over-year basis. equities research analysts forecast that Bill Barrett will post -0.49 earnings per share for the current year.

In other news, CEO R Scot Woodall sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $6.42, for a total value of $64,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Green Square Capital LLC grew its holdings in Bill Barrett by 42.7% during the third quarter. Green Square Capital LLC now owns 78,500 shares of the energy company’s stock valued at $337,000 after purchasing an additional 23,500 shares during the period. California Public Employees Retirement System grew its holdings in Bill Barrett by 2.4% during the third quarter. California Public Employees Retirement System now owns 1,207,668 shares of the energy company’s stock valued at $5,181,000 after purchasing an additional 28,868 shares during the period. Highbridge Capital Management LLC bought a new position in Bill Barrett during the third quarter valued at $181,000. Cornerstone Capital Management Holdings LLC. grew its holdings in Bill Barrett by 115.9% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 104,300 shares of the energy company’s stock valued at $447,000 after purchasing an additional 56,000 shares during the period. Finally, Royce & Associates LP grew its holdings in Bill Barrett by 1.6% during the third quarter. Royce & Associates LP now owns 1,259,035 shares of the energy company’s stock valued at $5,401,000 after purchasing an additional 20,000 shares during the period. 85.77% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Bill Barrett (NYSE:BBG)

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