Bill Barrett Corporation (BBG) has risen sharply, recording gains of 7.37% in the past 4 weeks. However, the stock has corrected -0.31% in the past 1 week, providing a good buying opportunity on dips. Bill Barrett Corporation (BBG) : Traders are bullish on Bill Barrett Corporation (BBG) as it has outperformed the S&P 500 by a wide margin of 7.6% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.35%, relative to the S&P 500.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 8.3% and the fifty day Moving Average is 3.9%. Bill Barrett Corp. has dropped 6.97% during the last three month period . Year-to-Date the stock performance stands at 63.1%.
Bill Barrett Corporation (BBG) : The consensus price target for Bill Barrett Corporation (BBG) is $8.45 for the short term with a standard deviation of $3.1. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $15, however, the pessimist price target for the company is $6.
Bill Barrett Corporation (NYSE:BBG): stock turned positive on Friday. Though the stock opened at $6.25, the bulls momentum made the stock top out at $6.56 level for the day. The stock recorded a low of $6.225 and closed the trading day at $6.41, in the green by 3.05%. The total traded volume for the day was 1,866,235. The stock had closed at $6.22 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.