Bill Barrett Corporation (BBG) Given a $4.00 Price Target at BMO Capital Markets

Bill Barrett Corporation (NYSE:BBG) received a $4.00 price objective from equities researchers at BMO Capital Markets in a note issued to investors on Tuesday. The brokerage currently has a “hold” rating on the energy company’s stock. BMO Capital Markets’ target price would indicate a potential downside of 2.68% from the company’s current price.

Several other equities analysts have also weighed in on BBG. BidaskClub lowered shares of Bill Barrett Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. KLR Group restated a “buy” rating and set a $8.00 target price (up previously from $7.00) on shares of Bill Barrett Corporation in a report on Thursday, August 3rd. Stifel Nicolaus set a $7.00 price objective on shares of Bill Barrett Corporation and gave the stock a “buy” rating in a report on Thursday, October 5th. Zacks Investment Research upgraded shares of Bill Barrett Corporation from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Finally, Imperial Capital assumed coverage on shares of Bill Barrett Corporation in a report on Thursday, September 28th. They issued an “in-line” rating and a $5.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $6.89.

Bill Barrett Corporation (BBG) opened at 4.11 on Tuesday. The stock’s market cap is $307.76 million. The company has a 50-day moving average price of $3.62 and a 200 day moving average price of $3.59. Bill Barrett Corporation has a 12-month low of $2.66 and a 12-month high of $8.24.

Bill Barrett Corporation (NYSE:BBG) last posted its earnings results on Tuesday, August 1st. The energy company reported ($0.17) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.07. The business had revenue of $51.07 million for the quarter, compared to analyst estimates of $53.57 million. Bill Barrett Corporation had a negative net margin of 52.54% and a negative return on equity of 7.65%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.13) EPS. On average, equities research analysts predict 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 business’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $4.19, for a total value of $41,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.70% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BBG. BNP Paribas Arbitrage SA increased its position in shares of Bill Barrett Corporation by 129.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 34,359 shares of the energy company’s stock worth $105,000 after purchasing an additional 19,385 shares during the last quarter. Cutler Group LP increased its position in shares of Bill Barrett Corporation by 3,046.7% in the 2nd quarter. Cutler Group LP now owns 37,760 shares of the energy company’s stock worth $115,000 after purchasing an additional 36,560 shares during the last quarter. UBS Group AG increased its position in shares of Bill Barrett Corporation by 50.2% in the 1st quarter. UBS Group AG now owns 26,186 shares of the energy company’s stock worth $119,000 after purchasing an additional 8,750 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Bill Barrett Corporation by 79.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 26,800 shares of the energy company’s stock worth $122,000 after purchasing an additional 11,900 shares during the last quarter. Finally, Arizona State Retirement System increased its position in shares of Bill Barrett Corporation by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 39,760 shares of the energy company’s stock worth $122,000 after purchasing an additional 300 shares during the last quarter. 90.75% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Bill Barrett Corporation (NYSE:BBG)

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