Bill Barrett Corp. Rating Increased to Outperform at Howard Weil (BBG)
Bill Barrett Corp. (NYSE:BBG) was upgraded by equities researchers at Howard Weil from a “sector perform” rating to an “outperform” rating in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $34.00 price objective on the stock. Howard Weil’s target price would suggest a potential upside of 29.33% from the stock’s previous close.
In other Bill Barrett Corp. news, Director Randy Stein sold 10,000 shares of Bill Barrett Corp. stock on the open market in a transaction dated Friday, December 27th. The stock was sold at an average price of $28.00, for a total transaction of $280,000.00. Following the sale, the director now directly owns 10,825 shares of the company’s stock, valued at approximately $303,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at Imperial Capital initiated coverage on shares of Bill Barrett Corp. in a research note to investors on Friday, December 20th. They set an “in-line” rating and a $30.00 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of Bill Barrett Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Monday, November 18th. Finally, analysts at Global Hunter Securities raised their price target on shares of Bill Barrett Corp. from $27.00 to $35.00 in a research note to investors on Monday, November 4th. They now have an “accumulate” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $30.29.
Bill Barrett Corp. (NYSE:BBG) traded up 3.21% on Wednesday, hitting $27.135. 266,940 shares of the company’s stock traded hands. Bill Barrett Corp. has a one year low of $15.50 and a one year high of $30.69. The stock’s 50-day moving average is $26.95 and its 200-day moving average is $24.71. The company’s market cap is $1.291 billion.
Bill Barrett Corp. (NYSE:BBG) last announced its earnings results on Friday, November 1st. The company reported ($0.09) earnings per share for the quarter, missing the analysts’ 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. Analysts expect that Bill Barrett Corp. will post $-0.53 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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