Bill Barrett Corporation (BBG) Given a $7.00 Price Target by Stifel Nicolaus Analysts

Stifel Nicolaus set a $7.00 price objective on Bill Barrett Corporation (NYSE:BBG) in a research note issued to investors on Thursday. The brokerage currently has a buy rating on the energy company’s stock.

Several other research analysts have also recently issued reports on BBG. Seaport Global Securities cut Bill Barrett Corporation from a neutral rating to a sell rating and reduced their price objective for the stock from $6.00 to $1.50 in a research note on Wednesday, June 21st. BMO Capital Markets set a $2.00 price objective on Bill Barrett Corporation and gave the stock a hold rating in a research note on Monday, June 26th. Zacks Investment Research upgraded Bill Barrett Corporation from a hold rating to a buy rating and set a $3.50 price objective for the company in a research note on Wednesday, July 12th. KLR Group restated a buy rating and issued a $8.00 price objective (up from $7.00) on shares of Bill Barrett Corporation in a research note on Thursday, August 3rd. Finally, BidaskClub cut 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 issued a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $6.82.

Shares of Bill Barrett Corporation (NYSE:BBG) opened at 4.14 on Thursday. The stock’s market cap is $310.01 million. Bill Barrett Corporation has a 52-week low of $2.66 and a 52-week high of $8.24. The stock’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 results on Tuesday, August 1st. The energy company reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.07. The business had revenue of $51.07 million during the quarter, compared to the consensus estimate of $53.57 million. Bill Barrett Corporation had a negative return on equity of 7.65% and a negative net margin of 52.54%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.13) earnings per share. On average, equities analysts predict that Bill Barrett Corporation will post ($0.78) EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Bill Barrett Corporation (BBG) Given a $7.00 Price Target by Stifel Nicolaus Analysts” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another website, it was illegally copied and reposted in violation of US & international copyright and trademark law. The original version of this article can be accessed at https://ledgergazette.com/2017/10/09/bill-barrett-corporation-bbg-given-a-7-00-price-target-by-stifel-nicolaus-analysts.html.

In related news, CEO R Scot Woodall sold 10,000 shares of Bill Barrett Corporation stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $3.04, for a total transaction of $30,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in BBG. BNP Paribas Arbitrage SA raised its position in Bill Barrett Corporation by 129.5% during the second quarter. BNP Paribas Arbitrage SA now owns 34,359 shares of the energy company’s stock valued at $105,000 after acquiring an additional 19,385 shares in the last quarter. Cutler Group LP raised 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 in the last quarter. UBS Group AG raised 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 in the last quarter. UBS Asset Management Americas Inc. raised 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 in the last quarter. Finally, Arizona State Retireme

Several other research analysts have also recently issued reports on BBG. Seaport Global Securities cut Bill Barrett Corporation from a neutral rating to a sell rating and reduced their price objective for the stock from $6.00 to $1.50 in a research note on Wednesday, June 21st. BMO Capital Markets set a $2.00 price objective on Bill Barrett Corporation and gave the stock a hold rating in a research note on Monday, June 26th. Zacks Investment Research upgraded Bill Barrett Corporation from a hold rating to a buy rating and set a $3.50 price objective for the company in a research note on Wednesday, July 12th. KLR Group restated a buy rating and issued a $8.00 price objective (up from $7.00) on shares of Bill Barrett Corporation in a research note on Thursday, August 3rd. Finally, BidaskClub cut 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 issued a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $6.82.

Shares of Bill Barrett Corporation (NYSE:BBG) opened at 4.14 on Thursday. The stock’s market cap is $310.01 million. Bill Barrett Corporation has a 52-week low of $2.66 and a 52-week high of $8.24. The stock’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 results on Tuesday, August 1st. The energy company reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.07. The business had revenue of $51.07 million during the quarter, compared to the consensus estimate of $53.57 million. Bill Barrett Corporation had a negative return on equity of 7.65% and a negative net margin of 52.54%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.13) earnings per share. On average, equities analysts predict that Bill Barrett Corporation will post ($0.78) EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Bill Barrett Corporation (BBG) Given a $7.00 Price Target by Stifel Nicolaus Analysts” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another website, it was illegally copied and reposted in violation of US & international copyright and trademark law. The original version of this article can be accessed at https://ledgergazette.com/2017/10/09/bill-barrett-corporation-bbg-given-a-7-00-price-target-by-stifel-nicolaus-analysts.html.

In related news, CEO R Scot Woodall sold 10,000 shares of Bill Barrett Corporation stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $3.04, for a total transaction of $30,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in BBG. BNP Paribas Arbitrage SA raised its position in Bill Barrett Corporation by 129.5% during the second quarter. BNP Paribas Arbitrage SA now owns 34,359 shares of the energy company’s stock valued at $105,000 after acquiring an additional 19,385 shares in the last quarter. Cutler Group LP raised 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 in the last quarter. UBS Group AG raised 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 in the last quarter. UBS Asset Management Americas Inc. raised 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 in the last quarter. Finally, Arizona State Retirement System raised 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 in the last quarter. Institutional investors own 90.75% 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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