Bill Barrett Corp. Receives Buy Rating from Canaccord Genuity (BBG)
Bill Barrett Corp. (NYSE:BBG)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity in a research note issued on Wednesday, Stock Ratings Network reports. They currently have a $28.00 price objective on the stock. Canaccord Genuity’s price objective points to a potential upside of 8.53% from the company’s current price.
Shares of Bill Barrett Corp. (NYSE:BBG) traded down 0.23% on Wednesday, hitting $25.80. 1,768,354 shares of the company’s stock traded hands. Bill Barrett Corp. has a 52 week low of $15.50 and a 52 week high of $26.42. The stock has a 50-day moving average of $23. and a 200-day moving average of $21.83. The company’s market cap is $1.226 billion.
Bill Barrett Corp. (NYSE:BBG) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the 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 last year, the company posted $0.07 earnings per share. Bill Barrett Corp.’s revenue was down 11.3% compared to the same quarter last year. On average, analysts predict that Bill Barrett Corp. will post $-0.44 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on BBG. Analysts at SunTrust raised their price target on shares of Bill Barrett Corp. (NYSE:BBG) from $28.00 to $31.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, 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. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. Bill Barrett Corp. currently has an average rating of “Hold” and an average 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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