The Denver-based oil and gas company reported mixed results for its 2015 fourth quarter this week.
Bill Barrett posted adjusted earnings of 7 cents per share, topping analysts' projections for a loss of 4 cents per share. Revenue was $46.6 million, which fell short of Wall Street's estimates of $82.4 million.
"We believe BBG has a strong liquidity position that provides flexibility to manage its capital program and maintain the asset base even as higher priced hedges roll off next year. Rising leverage ratios will likely remain a key factor impacting share performance, although the company has no debt maturing until 2019," the firm said in an analyst note.
Shares of Bill Barrett closed higher by 9.04% to $5.43 on heavy trading volume on Friday.
About 5.95 million of the company's shares were traded today, much higher than its average volume of 1.93 million shares per day.
Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.
This is driven by multiple weaknesses, which should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks covered.
The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: BBG