Bill Barrett Corp. (BBG) Price Target Raised to $14.00 at Howard Weil
Bill Barrett Corp. (NYSE:BBG) had its target price lifted by Howard Weil from $12.00 to $14.00 in a report issued on Friday. They currently have a sector outperform rating on the energy company’s stock.
BBG has been the subject of a number of other reports. Zacks Investment Research raised Bill Barrett Corp. from a hold rating to a buy rating and set a $7.00 price objective for the company in a research report on Tuesday, July 12th. Johnson Rice began coverage on Bill Barrett Corp. in a research report on Thursday, June 30th. They set a buy rating for the company. Cantor Fitzgerald reaffirmed a hold rating and set a $7.50 price objective on shares of Bill Barrett Corp. in a research report on Wednesday, July 6th. Barclays PLC decreased their price objective on Bill Barrett Corp. from $8.00 to $6.00 and set an equal weight rating for the company in a research report on Thursday, August 11th. Finally, Canaccord Genuity set a $7.00 price objective on Bill Barrett Corp. and gave the stock a hold rating in a research report on Saturday, August 6th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $7.67.
Shares of Bill Barrett Corp. (NYSE:BBG) traded up 0.97% during mid-day trading on Friday, hitting $5.22. The company had a trading volume of 598,660 shares. Bill Barrett Corp. has a 12 month low of $2.19 and a 12 month high of $9.38. The firm has a 50-day moving average price of $5.78 and a 200 day moving average price of $6.52. The firm’s market capitalization is $314.29 million.
Bill Barrett Corp. (NYSE:BBG) last posted its quarterly earnings data on Thursday, August 4th. The energy company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.08. Bill Barrett Corp. had a negative return on equity of 3.97% and a negative net margin of 304.34%. The company earned $57.28 million during the quarter, compared to analysts’ expectations of $55.67 million. During the same period last year, the firm earned ($0.18) EPS. The firm’s revenue for the quarter was down 24.5% on a year-over-year basis. On average, equities research analysts forecast that Bill Barrett Corp. will post ($0.70) earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of BBG. AJO LP bought a new position in shares of Bill Barrett Corp. during the second quarter worth approximately $1,865,000. A.R.T. Advisors LLC boosted its position in shares of Bill Barrett Corp. by 2.9% in the first quarter. A.R.T. Advisors LLC now owns 129,249 shares of the energy company’s stock worth $803,000 after buying an additional 3,616 shares in the last quarter. EAM Investors LLC bought a new position in shares of Bill Barrett Corp. during the second quarter worth approximately $703,000. Victory Capital Management Inc. bought a new position in shares of Bill Barrett Corp. during the second quarter worth approximately $636,000. Finally, Quantbot Technologies LP boosted its position in shares of Bill Barrett Corp. by 908.1% in the second quarter. Quantbot Technologies LP now owns 21,171 shares of the energy company’s stock worth $135,000 after buying an additional 19,071 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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