Bill Barrett Corporation (NYSE:BBG) has tumbled 7.62% during the past week and has dropped 5.67% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 6.51%. Bill Barrett Corporation (NYSE:BBG) has underperformed the index by 6.53% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Bill Barrett Corporation (NYSE:BBG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.35 and $7.11 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.15, notching a gain of 2.58% for the day. The total traded volume was 2,206,476 . The stock had closed at $6.97 on the previous day.
The company shares have dropped -11.07% 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 $7.40 and the 200 Day Moving Average price is recorded at $5.44.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Howard Robert William, officer (CFO and Treasurer) of Bill Barrett Corp, had unloaded 12,060 shares at an average price of $12.64 in a transaction dated on February 18, 2015. The total value of the transaction was worth $152,438.
Many analysts have stated their opinion on the company shares. Deutsche Bank maintains their rating on the shares of Bill Barrett Corporation (NYSE:BBG). The current rating of the shares is Hold. Equity Analysts at the Firm raises the price target to $9 per share from $8 per share. The rating by the firm was issued on June 14, 2016. Currently the company Insiders own 4.9% of Bill Barrett Corporation shares according to the proxy statements.
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.