Stock Worth Mentioning Today: Is Bill Barrett Corporation a Buy? The Stock Rises Again

Stock Worth Mentioning Today: Is Bill Barrett Corporation a Buy? The Stock Rises Again

The stock of Bill Barrett Corporation (NYSE:BBG) is a huge mover today! About 1.43M shares traded hands. Bill Barrett Corporation (NYSE:BBG) has risen 94.41% since February 29, 2016 and is uptrending. It has outperformed by 82.19% the S&P500.
The move comes after 6 months positive chart setup for the $333.58M company. It was reported on Oct, 3 by Barchart.com. We have $15.71 PT which if reached, will make NYSE:BBG worth $593.77 million more.

Analysts await Bill Barrett Corporation (NYSE:BBG) to report earnings on November, 3. They expect $-0.16 earnings per share, down 77.78% or $0.07 from last year’s $-0.09 per share. After $-0.13 actual earnings per share reported by Bill Barrett Corporation for the previous quarter, Wall Street now forecasts 23.08% negative EPS growth.

Bill Barrett Corporation (NYSE:BBG) Ratings Coverage

Out of 14 analysts covering Bill Barrett Corporation (NYSE:BBG), 3 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 21% are positive. Bill Barrett Corporation has been the topic of 39 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Market Perform” rating on Friday, September 4 by BMO Capital Markets. The firm has “Equalweight” rating given on Monday, June 6 by Barclays Capital. Deutsche Bank downgraded Bill Barrett Corporation (NYSE:BBG) on Tuesday, May 3 to “Hold” rating. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Thursday, April 28 report. The stock of Bill Barrett Corporation (NYSE:BBG) has “Buy” rating given on Friday, June 3 by Wunderlich. The stock of Bill Barrett Corporation (NYSE:BBG) has “Buy” rating given on Wednesday, October 14 by Deutsche Bank. The stock of Bill Barrett Corporation (NYSE:BBG) earned “Buy” rating by Deutsche Bank on Wednesday, December 9. The rating was downgraded by Cantor Fitzgerald to “Hold” on Tuesday, April 26. The firm earned “Neutral” rating on Friday, March 11 by Northcoast. Northland Capital maintained it with “Market Perform” rating and $5.5 target price in Friday, August 7 report.

According to Zacks Investment Research, “Bill Barrett Corporation, headquartered in Denver, explores for and develops oil and natural gas in the Rocky Mountain region of the United States. The Company has projects in nine basins in the Rocky Mountains.”

Insitutional Activity: The institutional sentiment is 1.15 in 2016 Q2. Its the same as in 2016Q1. The ratio has no change, as 15 funds sold all Bill Barrett Corporation shares owned while 45 reduced positions. only 32 funds bought stakes while 37 increased positions. They now own 59.89 million shares or 9.59% more from 54.65 million shares in 2016Q1.
Sector Pension Board has 0% invested in the company for 35,180 shares. Northern Trust holds 0% of its portfolio in Bill Barrett Corporation (NYSE:BBG) for 565,094 shares. Cornerstone Ltd Company has invested 0% of its portfolio in Bill Barrett Corporation (NYSE:BBG). Stelliam Mgmt L P holds 1.43% of its portfolio in Bill Barrett Corporation (NYSE:BBG) for 6.49 million shares. Partners Ltd Liability Com accumulated 0.11% or 221,500 shares. Kbc Nv has 115,004 shares for 0.01% of their US portfolio. Balyasny Asset Ltd Liability accumulated 10,742 shares or 0% of the stock. State Street accumulated 1.02 million shares or 0% of the stock. Moreover, Bluecrest Capital Management Limited has 0.01% invested in Bill Barrett Corporation (NYSE:BBG) for 27,975 shares. Susquehanna Grp Inc Inc Limited Liability Partnership reported 32,383 shares or 0% of all its holdings. The Australia-based Amp Investors Ltd has invested 0% in Bill Barrett Corporation (NYSE:BBG). Moreover, Ubs Asset Americas Incorporated has 0% invested in Bill Barrett Corporation (NYSE:BBG) for 29,000 shares. Ameriprise Inc last reported 0% of its portfolio in the stock. Schwab Charles Mgmt Incorporated holds 620,776 shares or 0% of its portfolio. State Board Of Administration Of Florida Retirement accumulated 51,539 shares or 0% of the stock.

More recent Bill Barrett Corporation (NYSE:BBG) news were published by: Prnewswire.com which released: “Bill Barrett Corporation Resumes DJ Basin Development Program” on August 15, 2016. Also Prnewswire.com published the news titled: “Bill Barrett Corporation Announces Debt Exchange” on June 02, 2016. Prnewswire.com‘s news article titled: “Bill Barrett Corporation Announces Closing of Non-Core Asset Divestitures” with publication date: December 01, 2015 was also an interesting one.

BBG Company Profile

Bill Barrett Corporation, incorporated on April 29, 2002, is an independent energy firm that develops, acquires and explores for oil and natural gas resources. The Company’s assets and activities are located in the Rocky Mountain region of the United States. The Firm develops oil and natural gas in the Rocky Mountain region of the United States. The Firm has over two areas of production, including The Denver-Julesburg Basin (DJ Basin) and the Uinta Oil Program in the Uinta Basin.

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