Bill Barrett Corporation (NYSE:BBG) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The brokerage presently has a $5.00 target price on the energy company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 22.25% from the company’s current price.

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. “

A number of other analysts have also recently weighed in on the stock. Imperial Capital began coverage on shares of Bill Barrett Corporation in a research note on Thursday, September 28th. They set an “in-line” rating and a $5.00 price target for the company. KeyCorp reiterated a “hold” rating on shares of Bill Barrett Corporation in a research note on Tuesday, September 12th. ValuEngine cut shares of Bill Barrett Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. 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 note on Saturday, August 12th. Finally, BidaskClub cut shares of Bill Barrett Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $6.89.

Bill Barrett Corporation (NYSE BBG) opened at 4.09 on Tuesday. The stock’s market cap is $306.26 million. The company’s 50 day moving average is $3.47 and its 200 day moving average is $3.59. Bill Barrett Corporation has a one year low of $2.66 and a one year high of $8.24.

Bill Barrett Corporation (NYSE:BBG) last issued its quarterly 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 firm had revenue of $51.07 million during the quarter, compared to analysts’ expectations of $53.57 million. Bill Barrett Corporation had a negative net margin of 52.54% and a negative return on equity of 7.65%. Bill Barrett Corporation’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.13) EPS. On average, equities research analysts expect that Bill Barrett Corporation will post ($0.78) EPS for the current year.

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In other news, CEO R Scot Woodall sold 10,000 shares of the stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $3.04, for a total value of $30,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.70% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Arizona State Retirement System increased its holdings in Bill Barrett Corporation by 0.8% during 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 in the last quarter. New York State Teachers Retirement System increased its holdings in Bill Barrett Corporation by 0.8% during the 1st quarter. New York State Teachers Retirement System now owns 86,863 shares of the energy company’s stock valued at $395,000 after acquiring an additional 700 shares in the last quarter. Texas Permanent School Fund increased its holdings in Bill Barrett Corporation by 1.6% during the 2nd quarter. Texas Permanent School Fund now owns 55,704 shares of the energy company’s stock valued at $171,000 after acquiring an additional 882 shares in the last quarter. Stevens Capital Management LP increased its holdings in Bill Barrett Corporation by 1.3% during the 2nd quarter. Stevens Capital Management LP now owns 107,077 shares of the energy company’s stock valued at $329,000 after acquiring an additional 1,411 shares in the last quarter. Finally, National Asset Management Inc. increased its holdings in Bill Barrett Corporation by 4.9% during the 2nd quarter. National Asset Management Inc. now owns 64,500 shares of the energy company’s stock valued at $199,000 after acquiring an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 90.75% 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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