Bill Barrett Corporation (BBG) Receives Price Target

Bill Barrett Corporation (BBG) : The most positive equity analysts on Bill Barrett Corporation (BBG) expects the shares to touch $15, whereas, the least positive believes that the stock will trade at $6 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $8.5 with an expected fluctuation of $3.06 from the mean.

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. 9 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 Buy with a rank of 2.The median of all the 13 Wall Street Analysts endorse the stock as a Buy with a rating of 2.46.


Also, Equity Analysts at the Brokerage Firm, Barclays, maintains their rating on the shares of Bill Barrett Corporation (NYSE:BBG). Barclays has a Equal-weight rating on the shares. As per the latest research report, the brokerage house lowers the price target to $6 per share from a prior target of $8. The rating by the firm was issued on August 11, 2016.

Bill Barrett Corporation (NYSE:BBG): The stock opened at $6.58 on Thursday but the bulls could not build on the opening and the stock topped out at $6.70 for the day. The stock traded down to $6.43 during the day, due to lack of any buying support eventually closed down at $6.58 with a loss of -0.90% for the day. The stock had closed at $6.64 on the previous day. The total traded volume was 1,657,690 shares.

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.

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