Bill Barrett Corporation (NYSE:BBG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

According to Zacks, “Bill Barrett Corporation, headquartered in Denver, explores for and develops oil and natural gas in the Rocky Mountain region of the United States. The Company has projects in nine basins in the Rocky Mountains. “

Other analysts also recently issued research reports about the company. BMO Capital Markets restated a “hold” rating and issued a $5.00 target price on shares of Bill Barrett Corporation in a research report on Wednesday, May 3rd. Barclays PLC restated an “equal weight” rating and issued a $5.00 target price (down previously from $6.00) on shares of Bill Barrett Corporation in a research report on Saturday, April 22nd. FBR & Co dropped their target price on Bill Barrett Corporation from $6.00 to $5.00 and set a “market perform” rating for the company in a research report on Thursday, May 4th. BidaskClub downgraded Bill Barrett Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday. Finally, KLR Group restated a “buy” rating and issued a $8.00 target price (up previously from $7.00) on shares of Bill Barrett Corporation in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Bill Barrett Corporation presently has a consensus rating of “Hold” and a consensus price target of $6.92.

Shares of Bill Barrett Corporation (NYSE BBG) traded down 3.12% on Monday, reaching $3.11. 785,381 shares of the company were exchanged. The stock’s 50-day moving average is $3.21 and its 200 day moving average is $4.21. The firm’s market capitalization is $232.88 million. Bill Barrett Corporation has a 12-month low of $2.75 and a 12-month high of $8.24.

Bill Barrett Corporation (NYSE:BBG) last released its earnings results on Tuesday, August 1st. The energy company reported ($0.17) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.07. The company had revenue of $51.07 million during the quarter, compared to the consensus estimate of $53.57 million. Bill Barrett Corporation had a negative return on equity of 7.65% and a negative net margin of 52.54%. Bill Barrett Corporation’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.13) EPS. On average, analysts forecast that Bill Barrett Corporation will post ($0.77) EPS for the current year.

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Several institutional investors have recently made changes to their positions in BBG. Goldman Sachs Group Inc. increased its position in shares of Bill Barrett Corporation by 6.9% in the second quarter. Goldman Sachs Group Inc. now owns 589,367 shares of the energy company’s stock worth $1,809,000 after buying an additional 37,922 shares in the last quarter. Voya Investment Management LLC increased its position in shares of Bill Barrett Corporation by 69.1% in the second quarter. Voya Investment Management LLC now owns 92,724 shares of the energy company’s stock worth $285,000 after buying an additional 37,878 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Bill Barrett Corporation by 40.1% in the second quarter. Dimensional Fund Advisors LP now owns 6,214,771 shares of the energy company’s stock worth $19,079,000 after buying an additional 1,777,309 shares in the last quarter. Northern Trust Corp increased its position in shares of Bill Barrett Corporation by 18.6% in the second quarter. Northern Trust Corp now owns 902,822 shares of the energy company’s stock worth $2,772,000 after buying an additional 141,490 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its position in shares of Bill Barrett Corporation by 808.9% in the second quarter. Thrivent Financial For Lutherans now owns 396,096 shares of the energy company’s stock worth $1,216,000 after buying an additional 352,516 shares in the last quarter.

Bill Barrett Corporation 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.

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Analyst Recommendations for Bill Barrett Corporation (NYSE:BBG)

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