Bill Barrett Corporation (BBG) Shares are Up 2.23%

Bill Barrett Corporation (BBG) has been under a strong bear grip, hence the stock is down -12.22% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.29% in the past 1 week. The stock has risen by 2.23% in the past week indicating that the buyers are active at lower levels, but the stock is down -9.27% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.59% and the 50-Day Moving Average is 11.94%. Bill Barrett Corp. has dropped 23.63% during the last 3-month period . Year-to-Date the stock performance stands at 54.69%.

Bill

Bill Barrett Corporation (NYSE:BBG): stock turned positive on Friday. Though the stock opened at $5.64, the bulls momentum made the stock top out at $5.97 level for the day. The stock recorded a low of $5.62 and closed the trading day at $5.97, in the green by 3.65%. The total traded volume for the day was 1,621,953. The stock had closed at $5.76 in the previous days trading.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *