Bill Barrett Corp. (NYSE:BBG) had its target price lifted by investment analysts at Howard Weil from $12.00 to $14.00 in a note issued to investors on Friday. The firm presently has a “sector outperform” rating on the energy company’s stock. Howard Weil’s price target points to a potential upside of 173.44% from the company’s current price.
A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research raised Bill Barrett Corp. from a “hold” rating to a “buy” rating and set a $5.75 target price on the stock in a research report on Tuesday, September 20th. Cantor Fitzgerald reissued a “hold” rating on shares of Bill Barrett Corp. in a research report on Sunday, August 14th. Barclays PLC decreased their target price on Bill Barrett Corp. from $8.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 11th. Canaccord Genuity set a $7.00 target price on Bill Barrett Corp. and gave the stock a “hold” rating in a research report on Saturday, August 6th. Finally, Johnson Rice assumed coverage on Bill Barrett Corp. in a research report on Thursday, June 30th. They set a “buy” rating on the stock. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Bill Barrett Corp. has an average rating of “Hold” and a consensus target price of $7.67.
Bill Barrett Corp. (NYSE:BBG) opened at 5.12 on Friday. The company’s market capitalization is $308.27 million. The firm’s 50-day moving average price is $5.74 and its 200-day moving average price is $6.52. Bill Barrett Corp. has a 52 week low of $2.19 and a 52 week high of $9.38.
Bill Barrett Corp. (NYSE:BBG) last released its earnings results 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 business had revenue of $57.28 million for the quarter, compared to the consensus estimate of $55.67 million. During the same period last year, the business earned ($0.18) earnings per share. The firm’s revenue for the quarter was down 24.5% compared to the same quarter last year. On average, equities analysts expect that Bill Barrett Corp. will post ($0.70) earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of BBG. Fox Run Management L.L.C. purchased a new position in Bill Barrett Corp. during the third quarter worth about $101,000. Public Employees Retirement System of Ohio boosted its position in Bill Barrett Corp. by 7.2% in the second quarter. Public Employees Retirement System of Ohio now owns 22,400 shares of the energy company’s stock valued at $143,000 after buying an additional 1,498 shares during the period. Sterling Capital Management LLC bought a new position in Bill Barrett Corp. during the second quarter valued at $408,000. Schwab Charles Investment Management Inc. boosted its position in Bill Barrett Corp. by 11.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 620,776 shares of the energy company’s stock valued at $3,967,000 after buying an additional 65,984 shares during the period. Finally, Metropolitan Life Insurance Co. NY bought a new position in Bill Barrett Corp. during the second quarter valued at $297,000.
Bill Barrett Corp. 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. The Company develops oil and natural gas in the Rocky Mountain region of the United States.
Receive News & Ratings for Bill Barrett Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bill Barrett Corp. and related companies with MarketBeat.com's FREE daily email newsletter.