Bill Barrett Corporation (BBG) Shares Up -4.7%

Shares of Bill Barrett Corporation (NYSE:BBG) shot up 4.7% during trading on Friday . The company traded as high as $4.39 and last traded at $4.16. 405,330 shares changed hands during trading, a decline of 70% from the average session volume of 1,359,180 shares. The stock had previously closed at $4.36.

A number of research firms recently commented on BBG. Stifel Nicolaus set a $7.00 price objective on Bill Barrett Corporation and gave the company a “buy” rating in a research note on Thursday. Zacks Investment Research raised Bill Barrett Corporation from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a research note on Tuesday, October 3rd. Imperial Capital assumed coverage on Bill Barrett Corporation in a research note on Thursday, September 28th. They issued an “in-line” rating and a $5.00 price objective on the stock. KeyCorp reaffirmed a “hold” rating on shares of Bill Barrett Corporation in a research note on Tuesday, September 12th. Finally, ValuEngine lowered Bill Barrett Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $6.82.

The firm’s market capitalization is $310.01 million. The firm’s 50 day moving average is $3.55 and its 200 day moving average is $3.60.

Bill Barrett Corporation (NYSE:BBG) last issued its quarterly earnings data on Tuesday, August 1st. The energy company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.07. Bill Barrett Corporation had a negative return on equity of 7.65% and a negative net margin of 52.54%. The company had revenue of $51.07 million during the quarter, compared to analysts’ expectations of $53.57 million. During the same quarter in the previous year, the company posted ($0.13) earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. Analysts forecast that Bill Barrett Corporation will post ($0.78) earnings per share for the current year.

In other Bill Barrett Corporation news, CEO R Scot Woodall sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $4.19, for a total transaction of $41,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in BBG. BNP Paribas Arbitrage SA grew its stake in shares of Bill Barrett Corporation by 129.5% in the second 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 boosted its position in Bill Barrett Corporation by 3,046.7% during the second quarter. Cutler Group LP now owns 37,760 shares of the energy company’s stock valued at $115,000 after acquiring an additional 36,560 shares during the last quarter. UBS Group AG boosted its position in Bill Barrett Corporation by 50.2% during the first quarter. UBS Group AG now owns 26,186 shares of the energy company’s stock valued at $119,000 after acquiring an additional 8,750 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in Bill Barrett Corporation by 79.9% during the first quarter. UBS Asset Management Americas Inc. now owns 26,800 shares of the energy company’s stock valued at $122,000 after acquiring an additional 11,900 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in Bill Barrett Corporation by 0.8% during the second 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 during the last quarter. Institutional investors own 90.75% of the company’s stock.

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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.

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