Bill Barrett Corporation (NYSE:BBG) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Friday.

Other equities analysts have also issued reports about the company. Stifel Nicolaus reissued a “buy” rating and set a $8.00 price objective on shares of Bill Barrett Corporation in a report on Friday, May 26th. Zacks Investment Research raised Bill Barrett Corporation from a “hold” rating to a “buy” rating and set a $3.50 price target for the company in a report on Wednesday, July 12th. KLR Group reaffirmed a “buy” rating and issued a $8.00 price target (up from $7.00) on shares of Bill Barrett Corporation in a report on Thursday, August 3rd. BMO Capital Markets set a $3.00 price target on Bill Barrett Corporation and gave the stock a “hold” rating in a report on Saturday, August 12th. Finally, FBR & Co cut their price target on Bill Barrett Corporation from $6.00 to $5.00 and set a “market perform” rating for the company in a report on Thursday, May 4th. Three analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. Bill Barrett Corporation currently has an average rating of “Hold” and an average target price of $6.92.

Bill Barrett Corporation (NYSE BBG) traded up 1.34% during mid-day trading on Friday, reaching $3.03. The company had a trading volume of 925,239 shares. The stock’s market capitalization is $226.89 million. Bill Barrett Corporation has a one year low of $2.75 and a one year high of $8.24. The company’s 50-day moving average is $3.16 and its 200-day moving average is $3.83.

Bill Barrett Corporation (NYSE:BBG) last announced its quarterly earnings data 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. Bill Barrett Corporation had a negative return on equity of 7.65% and a negative net margin of 52.54%. The business had revenue of $51.07 million during the quarter, compared to analyst estimates of $53.57 million. During the same period in the prior year, the company earned ($0.13) earnings per share. Bill Barrett Corporation’s revenue was up 8.0% compared to the same quarter last year. Equities research analysts anticipate that Bill Barrett Corporation will post ($0.78) earnings per share for the current year.

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Several large investors have recently modified their holdings of the company. Teachers Advisors LLC increased its stake in shares of Bill Barrett Corporation by 40.6% in the fourth quarter. Teachers Advisors LLC now owns 105,945 shares of the energy company’s stock worth $741,000 after buying an additional 30,571 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Bill Barrett Corporation by 27.3% in the first quarter. Louisiana State Employees Retirement System now owns 30,800 shares of the energy company’s stock worth $140,000 after buying an additional 6,600 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Bill Barrett Corporation by 8.9% in the first quarter. Russell Investments Group Ltd. now owns 735,976 shares of the energy company’s stock worth $3,348,000 after buying an additional 60,079 shares during the period. Wells Fargo & Company MN increased its stake in shares of Bill Barrett Corporation by 260.4% in the first quarter. Wells Fargo & Company MN now owns 127,743 shares of the energy company’s stock worth $581,000 after buying an additional 92,296 shares during the period. Finally, Boston Partners increased its stake in shares of Bill Barrett Corporation by 20.9% in the first quarter. Boston Partners now owns 1,338,847 shares of the energy company’s stock worth $6,092,000 after buying an additional 231,680 shares during the period. Institutional investors own 91.60% of the company’s stock.

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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