Bill Barrett (HPR) Trading 8.7% Higher

Bill Barrett Co. (NYSE:HPR) traded up 8.7% during trading on Thursday . The stock traded as high as $6.90 and last traded at $6.85. 2,389,900 shares changed hands during trading, an increase of 8% from the average session volume of 2,219,868 shares. The stock had previously closed at $6.30.

Several equities research analysts recently commented on the stock. ValuEngine upgraded shares of Bill Barrett from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Stifel Nicolaus set a $8.00 price target on shares of Bill Barrett and gave the stock a “buy” rating in a research note on Wednesday, March 28th. Johnson Rice assumed coverage on shares of Bill Barrett in a research note on Wednesday, March 21st. They set a “buy” rating and a $10.00 price target on the stock. Zacks Investment Research lowered shares of Bill Barrett from a “buy” rating to a “hold” rating in a research note on Saturday, March 24th. Finally, JPMorgan Chase assumed coverage on shares of Bill Barrett in a research note on Thursday, April 26th. They set an “overweight” rating and a $10.00 price target on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $9.33.

The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.47 and a current ratio of 1.15. The company has a market cap of $681.96 million, a P/E ratio of -18.03 and a beta of 3.33.

Bill Barrett (NYSE:HPR) last posted its quarterly earnings data on Tuesday, May 8th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The business had revenue of $80.81 million during the quarter, compared to analyst estimates of $80.43 million. Bill Barrett had a negative net margin of 53.00% and a negative return on equity of 3.46%. The company’s revenue for the quarter was up 59.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.16) earnings per share. research analysts forecast that Bill Barrett Co. will post 0.13 EPS for the current fiscal year.

In other Bill Barrett news, Director Mark Stephen Berg acquired 15,723 shares of the company’s stock in a transaction on Friday, May 11th. The shares were bought at an average cost of $6.38 per share, for a total transaction of $100,312.74. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of HPR. SG Americas Securities LLC acquired a new position in Bill Barrett in the first quarter valued at $102,000. State of Tennessee Treasury Department acquired a new position in Bill Barrett in the first quarter valued at $355,000. Finally, New York State Teachers Retirement System acquired a new position in Bill Barrett in the first quarter valued at $442,000. Institutional investors own 89.33% of the company’s stock.

Bill Barrett Company Profile

HighPoint Resources Corporation, an exploration and production company, focuses on the development of oil and natural gas assets in the United States. It primarily holds interests in the Northeast Wattenberg and Hereford Fields of the Denver-Julesburg basin located in the eastern plains of Colorado and parts of southeastern Wyoming.

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