Zacks Rating on Bill Barrett Corporation (BBG)

Bill Barrett Corporation (BBG) : Zacks Investment Research ranks Bill Barrett Corporation (BBG) as 2, which is a Buy recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 2.46, which indicates as a Buy.

Bill Barrett Corporation (BBG) : Currently there are 10 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 $8.4. The estimated standard deviation from the target is $2.98.


Shares of Bill Barrett Corp. rose by 6.32% in the last five trading days and 10.36% for the last 4 weeks. Bill Barrett Corp. has dropped 10.38% during the last 3-month period . Year-to-Date the stock performance stands at 62.6%. Bill Barrett Corporation (NYSE:BBG): stock turned positive on Tuesday. Though the stock opened at $6.22, the bulls momentum made the stock top out at $6.465 level for the day. The stock recorded a low of $6.16 and closed the trading day at $6.39, in the green by 1.91%. The total traded volume for the day was 1,795,100. The stock had closed at $6.27 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Your email address will not be published.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 *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.