Bill Barrett Corp. PT Raised to $37.00 (BBG)
Stock analysts at SunTrust upped their price objective on shares of Bill Barrett Corp. (NYSE:BBG) from $33.00 to $37.00 in a report issued on Friday, AmericanBankingNews.com reports. SunTrust’s price target would suggest a potential upside of 22.64% from the stock’s previous close.
A number of other firms have also recently commented on BBG. Analysts at Ladenburg Thalmann raised their price target on shares of Bill Barrett Corp. from $28.00 to $35.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at KeyCorp initiated coverage on shares of Bill Barrett Corp. in a research note to investors on Monday, October 28th. They set a “buy” rating and a $34.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Bill Barrett Corp. in a research note to investors on Sunday, October 27th. They now have a $28.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. Bill Barrett Corp. has a consensus rating of “Buy” and a consensus target price of $29.33.
Shares of Bill Barrett Corp. (NYSE:BBG) opened at 30.17 on Friday. Bill Barrett Corp. has a 1-year low of $15.50 and a 1-year high of $30.69. The stock’s 50-day moving average is $26.01 and its 200-day moving average is $22.77. The company’s market cap is $1.433 billion.
Bill Barrett Corp. (NYSE:BBG) last released its earnings data on Friday, November 1st. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by $0.01. The company had revenue of $148.60 million for the quarter, compared to the consensus estimate of $147.77 million. During the same quarter in the previous year, the company posted ($0.20) earnings per share. The company’s revenue for the quarter was down 17.9% on a year-over-year basis. On average, analysts predict that Bill Barrett Corp. will post $-0.51 earnings per share 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.