Bill Barrett Corp. Given New $32.00 Price Target at Canaccord Genuity (BBG)
Stock analysts at Canaccord Genuity raised their target price on shares of Bill Barrett Corp. (NYSE:BBG) from $28.00 to $32.00 in a report issued on Thursday, American Banking News reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target points to a potential upside of 29.61% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at SunTrust raised their price target on shares of Bill Barrett Corp. from $28.00 to $31.00 in a research note to investors on Wednesday, October 2nd. They now have a “buy” rating on the stock. Separately, analysts at Iberia Capital initiated coverage on shares of Bill Barrett Corp. in a research note to investors on Tuesday, September 17th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $27.50.
Shares of Bill Barrett Corp. (NYSE:BBG) traded up 1.98% on Thursday, hitting $24.69. 1,687,430 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’s 50-day moving average is $23.60 and its 200-day moving average is $21.98. The company’s market cap is $1.173 billion.
Bill Barrett Corp. (NYSE:BBG) last announced its earnings results 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 in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was down 11.3% on a year-over-year basis. Analysts expect that Bill Barrett Corp. will post $-0.43 EPS for the current fiscal year.
Bill Barrett Corporation explores for and develops oil and natural gas in the Rocky Mountain region of the United States.
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