Bill Barrett Co. (NYSE:BBG)‘s stock had its “buy” rating restated by research analysts at Cantor Fitzgerald in a research report issued on Wednesday, Market Beat Ratings reports. They currently have a $6.00 price target on the energy company’s stock. Cantor Fitzgerald’s price target indicates a potential upside of 79.64% from the stock’s previous close.

Other hedge funds recently bought and sold shares of the company. McQueen, Ball & Associates bought a new stake in Bill Barrett during the fourth quarter valued at about $251,000. Deprince Race & Zollo Inc. increased its stake in Bill Barrett by 287.7% in the fourth quarter. Deprince Race & Zollo Inc. now owns 290,772 shares of the energy company’s stock valued at $1,143,000 after buying an additional 215,772 shares during the last quarter. Acadian Asset Management increased its stake in Bill Barrett by 54.7% in the fourth quarter. Acadian Asset Management now owns 994,428 shares of the energy company’s stock valued at $3,908,000 after buying an additional 351,414 shares during the last quarter. Finally, Russell Frank Co increased its stake in Bill Barrett by 24.8% in the fourth quarter. Russell Frank Co now owns 1,725,681 shares of the energy company’s stock valued at $6,574,000 after buying an additional 342,906 shares during the last quarter.

Bill Barrett (NYSE:BBG) traded up 6.29% during midday trading on Wednesday, hitting $3.55. 915,116 shares of the company’s stock traded hands. The company’s market capitalization is $171.66 million. The company has a 50 day moving average of $3.73 and a 200-day moving average of $4.83. Bill Barrett has a 52 week low of $2.19 and a 52 week high of $13.36.

Bill Barrett (NYSE:BBG) last announced its quarterly earnings results on Thursday, November 5th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.09). The firm had revenue of $49.68 million for the quarter, compared to analyst estimates of $79.77 million. During the same period last year, the firm posted ($0.06) EPS. The business’s revenue was down 63.3% compared to the same quarter last year. Equities research analysts predict that Bill Barrett will post ($0.33) earnings per share for the current year.

Other equities analysts also recently issued research reports about the stock. Scotiabank raised shares of Bill Barrett from a “sector perform” rating to a “buy” rating and boosted their price target for the company from $6.00 to $11.00 in a report on Saturday, November 14th. Barclays boosted their price target on shares of Bill Barrett from $6.00 to $7.00 and gave the company an “equal weight” rating in a report on Friday, November 13th. Deutsche Bank reissued a “buy” rating and set a $7.00 price target (up previously from $6.00) on shares of Bill Barrett in a report on Friday, November 6th. Canaccord Genuity reaffirmed a “buy” rating and issued a $8.50 price objective on shares of Bill Barrett in a report on Monday, November 9th. Finally, Ladenburg Thalmann downgraded shares of Bill Barrett from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $7.00 to $4.00 in a report on Wednesday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $6.86.

Bill Barrett Corporation is an independent energy company that develops, acquires and explores for oil and natural gas resources. As of December 31, 2014, the Company had two key areas of production: The Denver-Julesburg Basin (NYSE:BBG) and the Uinta Oil Program in the Uinta Basin. The Company’s acreage positions in the DJ Basin are predominantly located in Colorado’s eastern plains and parts of southeastern Wyoming. As of December 31, 2014, DJ Basin’s estimated proved reserves were 73.1 MMBoe (million barrels of oil equivalent). DJ Basin’s had interests in 388 gross (250.2 net) producing wells as of December 31, 2014. The Uinta Basin is located in northeastern Utah. As of December 31, 2014, Uinta Basin’s estimated proved reserves were 48.1 MMBoe (million barrels of oil equivalent). Uinta Basin had interests in 350 gross (200.8 net) producing wells as of December 31, 2014.

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