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. 11 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 15 Wall Street Analysts endorse the stock as a Hold with a rating of 2.53.
Bill Barrett Corporation (BBG) : The highest level Bill Barrett Corporation (BBG) is projected to reach is $15 for the short term and the lowest estimate is at $6. The consolidated price target from 12 rating analysts who initiate coverage on the stock is $8.29 and the possibility the share price can swing is $2.71.
Company shares have received an average consensus rating of Hold for the current week Bill Barrett Corporation (NYSE:BBG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.83 and $5.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.82, notching a gain of 1.04% for the day. The total traded volume was 2,448,624 . The stock had closed at $5.76 on the previous day.
In a related news, Howard Robert William, officer (CFO and Treasurer) of Bill Barrett Corp, unloaded 12,060 shares at an average price of $12.64 on February 18, 2015. The total amount of the transaction was worth $152,438, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.