ValuEngine upgraded shares of Bill Barrett Corporation (NYSE:BBG) from a strong sell rating to a sell rating in a research report sent to investors on Tuesday.

Other research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Bill Barrett Corporation from a sell rating to a hold rating in a research report on Monday, July 24th. BMO Capital Markets set a $3.00 price target on shares of Bill Barrett Corporation and gave the stock a hold rating in a research report on Saturday, August 12th. BidaskClub lowered shares of Bill Barrett Corporation from a sell rating to a strong sell rating in a research report on Friday, August 11th. KeyCorp restated a hold rating on shares of Bill Barrett Corporation in a research report on Tuesday, September 12th. Finally, KLR Group restated a buy rating and issued a $8.00 price target (up previously from $7.00) on shares of Bill Barrett Corporation in a research report on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. Bill Barrett Corporation presently has a consensus rating of Hold and a consensus price target of $6.27.

Bill Barrett Corporation (NYSE:BBG) last posted its quarterly earnings results on Tuesday, October 31st. The energy company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.12. The firm had revenue of $67.87 million for the quarter, compared to analyst estimates of $61.23 million. Bill Barrett Corporation had a negative net margin of 49.61% and a negative return on equity of 7.59%. The firm’s quarterly revenue was up 34.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.10) earnings per share.

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In related news, CEO R Scot Woodall sold 10,000 shares of Bill Barrett Corporation stock in a transaction on Friday, October 6th. The shares were sold at an average price of $4.19, for a total value of $41,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.70% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Credit Suisse AG lifted its stake in shares of Bill Barrett Corporation by 32.0% in the 1st quarter. Credit Suisse AG now owns 125,073 shares of the energy company’s stock valued at $569,000 after purchasing an additional 30,293 shares during the last quarter. GRT Capital Partners L.L.C. lifted its stake in shares of Bill Barrett Corporation by 17.2% in the 2nd quarter. GRT Capital Partners L.L.C. now owns 625,093 shares of the energy company’s stock valued at $1,919,000 after purchasing an additional 91,859 shares during the last quarter. TIAA CREF Investment Management LLC lifted its stake in shares of Bill Barrett Corporation by 128.3% in the 1st quarter. TIAA CREF Investment Management LLC now owns 1,064,618 shares of the energy company’s stock valued at $4,844,000 after purchasing an additional 598,376 shares during the last quarter. Texas Permanent School Fund lifted its stake in shares of Bill Barrett Corporation by 1.6% in 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 during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Bill Barrett Corporation by 260.4% in the 1st quarter. Wells Fargo & Company MN now owns 127,743 shares of the energy company’s stock valued at $581,000 after purchasing an additional 92,296 shares during the last quarter. 90.58% of the stock is owned by institutional investors and hedge funds.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Bill Barrett Corporation (NYSE:BBG)

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