Bill Barrett Corp. Price Target Raised to $31.00 at SunTrust (BBG)
Analysts at SunTrust hoisted their price objective on shares of Bill Barrett Corp. (NYSE:BBG) from $28.00 to $31.00 in a research report issued to clients and investors on Wednesday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. SunTrust’s price objective would indicate a potential upside of 20.16% from the stock’s previous close.
Bill Barrett Corp. (NYSE:BBG) traded down 0.23% during mid-day trading on Wednesday, hitting $25.80. The stock had a trading volume of 1,768,354 shares. Bill Barrett Corp. has a 1-year low of $15.50 and a 1-year high of $26.42. The stock’s 50-day moving average is $23. and its 200-day moving average is $21.83. The company’s market cap is $1.226 billion.
Bill Barrett Corp. (NYSE:BBG) last announced its earnings results on Thursday, August 1st. The company reported ($0.19) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.03 by $0.22. The company had revenue of $142.30 million for the quarter, compared to the consensus estimate of $149.80 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was down 11.3% on a year-over-year basis. Analysts expect that Bill Barrett Corp. will post $-0.44 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Iberia Capital initiated coverage on shares of Bill Barrett Corp. (NYSE:BBG) in a research note to investors on Tuesday, September 17th. They set an “outperform” rating on the stock. Separately, analysts at Canaccord Genuity initiated coverage on shares of Bill Barrett Corp. (NYSE:BBG) in a research note to investors on Monday, August 19th. They set a “buy” rating and a $28.00 price target on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of Bill Barrett Corp. (NYSE:BBG) in a research note to investors on Thursday, July 18th. They set an “overweight” rating and a $30.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. Bill Barrett Corp. currently has a consensus rating of “Hold” and a consensus price target of $27.00.
Bill Barrett Corporation explores for and develops oil and natural gas in the Rocky Mountain region of the United States.
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