Shares of Bill Barrett Corp. (NYSE:BBG) shot up 2.4% during trading on Tuesday . The stock traded as high as $5.23 and last traded at $5.15, with a volume of 1,079,435 shares. The stock had previously closed at $5.03.

Several brokerages recently commented on BBG. Canaccord Genuity reaffirmed a “hold” rating on shares of Bill Barrett Corp. in a research note on Saturday, June 4th. Zacks Investment Research cut Bill Barrett Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Barclays PLC lowered their target price on Bill Barrett Corp. from $8.00 to $6.00 and set an “equal weight” rating for the company in a report on Thursday, August 11th. Deutsche Bank AG increased their target price on Bill Barrett Corp. from $8.00 to $9.00 and gave the stock a “hold” rating in a report on Tuesday, June 14th. Finally, Johnson Rice began coverage on Bill Barrett Corp. in a report on Thursday, June 30th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $6.85.

The stock has a 50 day moving average of $6.06 and a 200 day moving average of $6.55. The company’s market capitalization is $319.11 million.

Bill Barrett Corp. (NYSE:BBG) last announced its quarterly earnings data on Thursday, August 4th. The energy company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.08. Bill Barrett Corp. had a negative net margin of 304.34% and a negative return on equity of 3.97%. The firm had revenue of $57.28 million for the quarter, compared to analyst estimates of $55.67 million. During the same quarter in the prior year, the business earned ($0.18) earnings per share. The business’s quarterly revenue was down 24.5% compared to the same quarter last year. Analysts anticipate that Bill Barrett Corp. will post ($0.70) EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. ICM Asset Management Inc. WA bought a new position in shares of Bill Barrett Corp. during the first quarter valued at $1,500,000. Prudential Financial Inc. raised its position in shares of Bill Barrett Corp. by 3.6% in the first quarter. Prudential Financial Inc. now owns 117,906 shares of the energy company’s stock valued at $733,000 after buying an additional 4,100 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Bill Barrett Corp. by 13.5% in the first quarter. JPMorgan Chase & Co. now owns 6,254,013 shares of the energy company’s stock valued at $38,900,000 after buying an additional 744,528 shares in the last quarter. Spark Investment Management LLC raised its position in shares of Bill Barrett Corp. by 646.5% in the first quarter. Spark Investment Management LLC now owns 595,683 shares of the energy company’s stock valued at $3,705,000 after buying an additional 515,883 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Bill Barrett Corp. by 16.0% in the first quarter. Geode Capital Management LLC now owns 333,822 shares of the energy company’s stock valued at $2,076,000 after buying an additional 45,947 shares in the last quarter.

About Bill Barrett Corp.

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. The Company develops oil and natural gas in the Rocky Mountain region of the United States.

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