Bill Barrett Corporation (BBG) Given a $6.00 Price Target by BMO Capital Markets Analysts

Bill Barrett Corporation (NYSE:BBG) has been given a $6.00 target price by research analysts at BMO Capital Markets in a note issued to investors on Tuesday. The brokerage presently has a “hold” rating on the energy company’s stock. BMO Capital Markets’ price objective indicates a potential downside of 0.17% from the company’s previous close.

A number of other brokerages have also issued reports on BBG. Scotiabank reaffirmed a “buy” rating and issued a $10.00 target price on shares of Bill Barrett Corporation in a research report on Wednesday, November 1st. Imperial Capital raised Bill Barrett Corporation from an “in-line” rating to an “outperform” rating and set a $8.00 target price on the stock in a research report on Thursday, November 2nd. ValuEngine raised Bill Barrett Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 31st. Zacks Investment Research raised Bill Barrett Corporation from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a research report on Tuesday, October 3rd. Finally, Stifel Nicolaus set a $7.00 target price on Bill Barrett Corporation and gave the company a “buy” rating in a research report on Thursday, October 5th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $6.42.

Bill Barrett Corporation (NYSE BBG) opened at $6.01 on Tuesday. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 1.30. Bill Barrett Corporation has a 52-week low of $2.66 and a 52-week high of $8.24.

Bill Barrett Corporation (NYSE:BBG) last released its quarterly earnings results on Tuesday, October 31st. The energy company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.12. Bill Barrett Corporation had a negative return on equity of 7.59% and a negative net margin of 49.61%. The firm had revenue of $67.87 million for the quarter, compared to analyst estimates of $61.23 million. During the same period in the previous year, the company posted ($0.10) EPS. Bill Barrett Corporation’s revenue for the quarter was up 34.4% on a year-over-year basis. equities research analysts predict that Bill Barrett Corporation will post -0.52 earnings per share 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 that occurred on Friday, October 6th. The stock was sold at an average price of $4.19, for a total value of $41,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 30,000 shares of company stock valued at $136,500 over the last quarter. Company insiders own 2.70% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Arizona State Retirement System grew its stake 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 worth $122,000 after buying an additional 300 shares during the last quarter. New York State Teachers Retirement System grew its stake 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 worth $395,000 after buying an additional 700 shares during the last quarter. Texas Permanent School Fund grew its stake 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 worth $171,000 after buying an additional 882 shares during the last quarter. Stevens Capital Management LP grew its stake 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 worth $329,000 after buying an additional 1,411 shares during the last quarter. Finally, National Asset Management Inc. grew its stake 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 worth $199,000 after buying an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

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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