Bill Barrett Corporation (NYSE:BBG) Raised to “Hold” at Zacks Investment Research

Bill Barrett Corporation (NYSE:BBG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Monday, July 24th.

According to Zacks, “Bill Barrett Corporation, headquartered in Denver, explores for and develops oil and natural gas in the Rocky Mountain region of the United States. The Company has projects in nine basins in the Rocky Mountains. “

Several other research analysts also recently weighed in on BBG. FBR & Co decreased their target price on shares of Bill Barrett Corporation from $6.00 to $5.00 and set a “market perform” rating for the company in a research note on Thursday, May 4th. BMO Capital Markets restated a “hold” rating and issued a $5.00 target price on shares of Bill Barrett Corporation in a research note on Wednesday, May 3rd. Barclays PLC restated an “equal weight” rating and issued a $5.00 target price (down from $6.00) on shares of Bill Barrett Corporation in a research note on Saturday, April 22nd. Stifel Nicolaus reiterated a “buy” rating and set a $8.00 price objective on shares of Bill Barrett Corporation in a research note on Wednesday, April 12th. Finally, Seaport Global Securities downgraded shares of Bill Barrett Corporation from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $6.00 to $1.50 in a research note on Wednesday, June 21st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $6.92.

Shares of Bill Barrett Corporation (BBG) opened at 2.90 on Monday. The stock’s market capitalization is $217.15 million. The stock’s 50 day moving average is $3.20 and its 200 day moving average is $4.06. Bill Barrett Corporation has a 52-week low of $2.75 and a 52-week high of $8.24.

Bill Barrett Corporation (NYSE:BBG) last announced its earnings results on Tuesday, August 1st. The energy company reported ($0.17) earnings per share for the quarter, beating 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 net margin of 52.54% and a negative return on equity of 7.65%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.13) earnings per share. Equities research analysts expect that Bill Barrett Corporation will post ($0.78) earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Bill Barrett Corporation (NYSE:BBG) Raised to “Hold” at Zacks Investment Research” was reported by BNB Daily and is the sole property of of BNB Daily. If you are accessing this piece on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.baseball-news-blog.com/2017/08/19/bill-barrett-corporation-nysebbg-upgraded-by-zacks-investment-research-to-hold-updated-updated-updated.html.

Several hedge funds have recently modified their holdings of BBG. BNP Paribas Arbitrage SA boosted 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 buying an additional 19,385 shares during the period. Cutler Group LP boosted its stake in shares of Bill Barrett Corporation by 3,046.7% in the second quarter. Cutler Group LP now owns 37,760 shares of the energy company’s stock worth $115,000 after buying an additional 36,560 shares during the period. UBS Group AG boosted its stake in shares of Bill Barrett Corporation by 50.2% in the first quarter. UBS Group AG now owns 26,186 shares of the energy company’s stock worth $119,000 after buying an additional 8,750 shares during the period. UBS Asset Management Americas Inc. boosted its stake in shares of Bill Barrett Corporation by 79.9% in the first quarter. UBS Asset Management Americas Inc. now owns 26,800 shares of the energy company’s stock worth $122,000 after buying an additional 11,900 shares during the period. Finally, Arizona State Retirement System boosted its stake in shares of Bill Barrett Corporation by 0.8% in the second 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 period.

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.

Get a free copy of the Zacks research report on Bill Barrett Corporation (BBG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Bill Barrett Corporation (NYSE:BBG)

Receive News & Ratings for Bill Barrett Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bill Barrett Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply