Brokerages Set $7.71 Price Target for Bill Barrett Co. (HPR)

Shares of Bill Barrett Co. (NYSE:HPR) have been assigned an average broker rating score of 2.11 (Buy) from the nine brokers that cover the stock, Zacks Investment Research reports. Five research analysts have rated the stock with a hold rating and four have given a strong buy rating to the company. Bill Barrett’s rating score has improved by 9.4% from three months ago as a result of a number of analysts’ upgrades and downgrades.

Brokers have set a 12-month consensus price target of $7.71 for the company and are forecasting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Bill Barrett an industry rank of 173 out of 265 based on the ratings given to its competitors.

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Several equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Bill Barrett from a “buy” rating to a “hold” rating in a research note on Saturday, March 24th. ValuEngine raised Bill Barrett from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 22nd. Stifel Nicolaus set a $8.00 price objective on Bill Barrett and gave the stock a “buy” rating in a research note on Wednesday, March 28th. Finally, Johnson Rice assumed coverage on Bill Barrett in a research note on Wednesday, March 21st. They set a “buy” rating and a $10.00 price objective for the company.

Shares of HPR stock opened at $5.62 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.47 and a current ratio of 2.47. Bill Barrett has a 1 year low of $2.66 and a 1 year high of $6.93.

Bill Barrett (NYSE:HPR) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.04. The business had revenue of $83.37 million during the quarter, compared to analyst estimates of $82.23 million. Bill Barrett had a negative return on equity of 5.27% and a negative net margin of 54.67%. equities analysts forecast that Bill Barrett will post 0.17 earnings per share for the current year.

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