Live Price Coverage: Is Bill Barrett Corporation a Buy? The Stock Rises Again

Live Price Coverage: Is Bill Barrett Corporation a Buy? The Stock Rises Again

The stock of Bill Barrett Corporation (NYSE:BBG) is a huge mover today! About 795,946 shares traded hands. Bill Barrett Corporation (NYSE:BBG) has declined 7.81% since April 21, 2016 and is downtrending. It has underperformed by 13.14% the S&P500.
The move comes after 6 months positive chart setup for the $442.48 million company. It was reported on Nov, 23 by Barchart.com. We have $7.85 PT which if reached, will make NYSE:BBG worth $30.97 million more.

Analysts await Bill Barrett Corporation (NYSE:BBG) to report earnings on March, 7. They expect $-0.12 earnings per share, down 271.43% or $0.19 from last year’s $0.07 per share. After $-0.10 actual earnings per share reported by Bill Barrett Corporation for the previous quarter, Wall Street now forecasts 20.00% 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 40 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Wednesday, March 30 the stock rating was downgraded by Canaccord Genuity to “Hold”. Canaccord Genuity maintained the stock with “Buy” rating in Friday, August 7 report. The rating was downgraded by Ladenburg Thalmann to “Neutral” on Wednesday, January 27. The stock has “Sector Outperform” rating given by Howard Weil on Friday, October 14. The company was maintained on Wednesday, October 14 by Deutsche Bank. The firm has “Neutral” rating by JP Morgan given on Tuesday, October 13. The company was maintained on Friday, August 7 by Northland Capital. The firm has “Underperform” rating given on Tuesday, September 8 by Cowen & Co. The stock has “Buy” rating given by Deutsche Bank on Friday, November 6. The stock of Bill Barrett Corporation (NYSE:BBG) earned “Hold” rating by Deutsche Bank on Tuesday, June 14.

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 increased to 1.98 in 2016 Q2. Its up 0.83, from 1.15 in 2016Q1. The ratio is positive, as 15 funds sold all Bill Barrett Corporation shares owned while 45 reduced positions. 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.
Grt Cap Prtnrs Ltd Com holds 2.12% of its portfolio in Bill Barrett Corporation (NYSE:BBG) for 1.34 million shares. The California-based California State Teachers Retirement Systems has invested 0% in Bill Barrett Corporation (NYSE:BBG). Franklin has 8.60M shares for 0.03% of their US portfolio. Canada Pension Plan Investment Board owns 163,400 shares or 0% of their US portfolio. Wall Street Associates reported 191,400 shares or 0.49% of all its holdings. Moreover, State Of Tennessee Treasury Department has 0% invested in Bill Barrett Corporation (NYSE:BBG) for 40,146 shares. Brandywine Glob Invest Limited Com holds 0% or 15,200 shares in its portfolio. Cypress Capital Mgmt Limited Liability Company (Wy) holds 0% or 685 shares in its portfolio. The New York-based Blackrock has invested 0% in Bill Barrett Corporation (NYSE:BBG). Sir Cap Mgmt Ltd Partnership accumulated 1.00 million shares or 0.96% of the stock. Swiss Bank has 0% invested in the company for 81,800 shares. Moreover, Texan Cap has 0.06% invested in Bill Barrett Corporation (NYSE:BBG) for 21,000 shares. Arizona State Retirement last reported 0% of its portfolio in the stock. Wells Fargo And Co Mn has 16,234 shares for 0% of their US portfolio. Jpmorgan Chase & Co has 0.01% invested in the company for 4.76M shares.

More notable recent Bill Barrett Corporation (NYSE:BBG) news were published by: Fool.com which released: “Here’s Why Bill Barrett Corporation’s Stock Is Popping Today” on November 04, 2016, also Prnewswire.com with their article: “Bill Barrett Corporation Schedules Third Quarter 2016 Financial Results …” published on October 14, 2016, Prnewswire.com published: “Bill Barrett Corporation Announces Debt Exchange” on June 02, 2016. More interesting news about Bill Barrett Corporation (NYSE:BBG) were released by: Prnewswire.com and their article: “Bill Barrett Corporation Provides Third Quarter 2016 Commodity Price and …” published on October 18, 2016 as well as Fool.com‘s news article titled: “Why Bill Barrett Corporation’s Stock Is Soaring Today” with publication date: August 15, 2016.

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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