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 9.68% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 13.24%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 13.2% in the last 1 week, and is up 10.1% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Bill Barrett Corp. has dropped 15.17% during the last 3-month period . Year-to-Date the stock performance stands at 63.61%. The stock has recorded a 20-day Moving Average of 10.68% and the 50-Day Moving Average is 1.75%.
Bill Barrett Corporation (NYSE:BBG): The stock opened at $6.44 on Friday but the bulls could not build on the opening and the stock topped out at $6.49 for the day. The stock traded down to $6.19 during the day, due to lack of any buying support eventually closed down at $6.43 with a loss of -0.62% for the day. The stock had closed at $6.47 on the previous day. The total traded volume was 1,964,587 shares.
Also, Barclays maintains their rating on the shares of Bill Barrett Corporation (NYSE:BBG). The current rating of the shares is Equal-weight. Equity Analysts at the Firm lowers the price target to $6 per share from $8 per share. The rating by the firm was issued on August 11, 2016.
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.