Short Term Rating on Bill Barrett Corporation (BBG)

Bill Barrett Corporation (BBG) : 3 brokerage houses believe that Bill Barrett Corporation (BBG) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 12 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Bill Barrett Corporation (BBG). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 16 Wall Street Analysts endorse the stock as a Hold with a rating of 2.56.

Bill Barrett Corporation (BBG) : Currently there are 13 street experts covering Bill Barrett Corporation (BBG) stock. The most bullish and bearish price target for the stock is $15 and $6 respectively for the short term. The average price target of all the analysts comes to $8.38. The estimated standard deviation from the target is $2.51.

Company shares have received an average consensus rating of Hold for the current week


Bill Barrett Corporation (NYSE:BBG): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.11 and $6.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.33, notching a gain of 8.21% for the day. The total traded volume was 2,158,868 . The stock had closed at $5.85 on the previous day.

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 (DJ Basin) and the Uinta Oil Program in the Uinta Basin. The Companys acreage positions in the DJ Basin are predominantly located in Colorados eastern plains and parts of southeastern Wyoming. As of December 31, 2014, DJ Basins estimated proved reserves were 73.1 MMBoe (million barrels of oil equivalent). DJ Basins 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 Basins 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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