Analyst Rating Update on Bill Barrett Corporation (BBG)

Bill Barrett Corporation (NYSE:BBG) : 15 analysts are covering Bill Barrett Corporation (NYSE:BBG) and their average rating on the stock is 2.67, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Bill Barrett Corporation (NYSE:BBG) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 12 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Bill Barrett Corporation (NYSE:BBG) : The most positive equity analysts on Bill Barrett Corporation (NYSE:BBG) expects the shares to touch $15, whereas, the least positive believes that the stock will trade at $6 in the short term. The company is covered by 13 Wall Street Brokerage Firms. The average price target for shares are $8.38 with an expected fluctuation of $2.51 from the mean.

Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm Deutsche Bank maintains its rating on Bill Barrett Corporation (NYSE:BBG). The rating major has initiated the coverage with hold rating on the shares. The Analysts at Deutsche Bank raises the price target from $8 per share to $9 per share. The rating by the firm was issued on June 14, 2016.

Bill Barrett Corporation (NYSE:BBG): stock turned positive on Tuesday. Though the stock opened at $6.78, the bulls momentum made the stock top out at $6.88 level for the day. The stock recorded a low of $6.52 and closed the trading day at $6.62, in the green by 4.25%. The total traded volume for the day was 1,886,319. The stock had closed at $6.35 in the previous days trading.

In an insider trading activity,The officer (CFO and Treasurer) of Bill Barrett Corp, Howard Robert William sold 12,060 shares at $12.64 on February 18, 2015. The Insider selling transaction had a total value worth of $152,438. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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