NEW YORK (TheStreet) -- Shares of Bill Barrett Corp. (BBG) are surging 25% to $3.75 on heavy trading volume in afternoon trading on Wednesday after the company reported its 2015 fourth quarter earnings.

After yesterday's closing bell, the Denver-based oil and gas company posted adjusted earnings of 7 cents per share, which surpassed analysts' estimates for a loss of 4 cents per share.

Revenue for the period was $46.6 million, missing Wall Street's expectations of $82.4 million.

"This past year presented numerous challenges for the energy sector as oil prices fell to levels not witnessed in over a decade," CEO and President Scot Woodall said in a statement.

"Based on the uncertainty of an oil price recovery during 2016, we are making the decision to curtail drilling activity to preserve capital and will monitor industry conditions to determine the appropriate time to resume drilling," he added.

Bill Barrett is an energy company that develops, acquires and explores for oil and natural gas resources.

About 2.96 million of the company's shares were traded by this afternoon vs. its average volume of 1.68 million shares per day.

Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.

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This is driven by several 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

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