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 Hold with a rank of 3.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) : The most positive equity analysts on Bill Barrett Corporation (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.
Bill Barrett Corporation (NYSE:BBG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.10 and $6.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.22, notching a gain of 1.14% for the day. The total traded volume was 1,029,072 . The stock had closed at $6.15 on the previous day.
Also, Johnson Rice initiates coverage on Bill Barrett Corporation (NYSE:BBG). According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on June 30, 2016. The company shares have dropped -14.58% from its 1 Year high price. On Apr 27, 2016, the shares registered one year high at $9.38 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $7.30 and the 200 Day Moving Average price is recorded at $5.60.
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.