Shares of Bill Barrett Co. (NYSE:BBG) have received an average recommendation of “Hold” from the sixteen analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $6.92.

BBG has been the topic of several recent analyst reports. Scotiabank restated a “buy” rating and set a $10.00 price objective on shares of Bill Barrett in a research report on Wednesday, November 1st. Barclays decreased their price objective on shares of Bill Barrett from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 12th. Zacks Investment Research upgraded shares of Bill Barrett from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a research report on Tuesday, October 3rd. BMO Capital Markets set a $4.00 price objective on shares of Bill Barrett and gave the company a “hold” rating in a research report on Tuesday, October 10th. Finally, ValuEngine downgraded shares of Bill Barrett from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 12th.

Shares of Bill Barrett (BBG) opened at $5.33 on Friday. The company has a market cap of $406.59, a price-to-earnings ratio of -3.33 and a beta of 3.59. Bill Barrett has a 52-week low of $2.66 and a 52-week high of $7.58. 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 announced its quarterly earnings data on Tuesday, October 31st. The energy company reported ($0.08) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.12. The firm had revenue of $67.87 million for the quarter, compared to the consensus estimate of $61.23 million. Bill Barrett had a negative net margin of 49.61% and a negative return on equity of 7.59%. The company’s revenue was up 34.4% on a year-over-year basis. During the same period last year, the firm earned ($0.10) EPS. analysts anticipate that Bill Barrett will post -0.43 earnings per share for the current fiscal year.

In other Bill Barrett news, CEO R Scot Woodall sold 10,000 shares of Bill Barrett stock in a transaction on Friday, December 15th. The shares were sold at an average price of $4.64, for a total value of $46,400.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 BBG. Schwab Charles Investment Management Inc. increased its holdings in Bill Barrett by 2.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 780,036 shares of the energy company’s stock valued at $2,395,000 after acquiring an additional 19,017 shares during the last quarter. Arizona State Retirement System increased its holdings in Bill Barrett by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 39,760 shares of the energy company’s stock valued at $122,000 after acquiring an additional 300 shares during the last quarter. Rhumbline Advisers increased its holdings in Bill Barrett by 10.6% in the 2nd quarter. Rhumbline Advisers now owns 160,955 shares of the energy company’s stock valued at $494,000 after acquiring an additional 15,456 shares during the last quarter. Legal & General Group Plc increased its holdings in Bill Barrett by 11.0% in the 2nd quarter. Legal & General Group Plc now owns 132,335 shares of the energy company’s stock valued at $406,000 after acquiring an additional 13,130 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in Bill Barrett by 129.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 34,359 shares of the energy company’s stock valued at $105,000 after acquiring an additional 19,385 shares during the last quarter. Institutional investors own 85.72% of the company’s stock.

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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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