Bill Barrett Corp. Rating Lowered to Equal Weight at Barclays (BBG)
Bill Barrett Corp. (NYSE:BBG) was downgraded by stock analysts at Barclays from an “overweight” rating to an “equal weight” rating in a report issued on Monday, AR Network reports. They currently have a $28.00 price objective on the stock, up from their previous price objective of $26.00. Barclays’ price target points to a potential upside of 4.59% from the stock’s previous close.
A number of other firms have also recently commented on BBG. Analysts at Howard Weil upgraded shares of Bill Barrett Corp. from a “sector perform” rating to an “outperform” rating in a research note to investors on Wednesday, January 8th. They now have a $34.00 price target on the stock. Separately, 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. Finally, 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. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $31.46.
Shares of Bill Barrett Corp. (NYSE:BBG) traded down 4.43% on Monday, hitting $26.77. The stock had a trading volume of 1,715,314 shares. Bill Barrett Corp. has a 52-week low of $15.50 and a 52-week high of $30.69. The stock has a 50-day moving average of $27.18 and a 200-day moving average of $25.56. The company’s market cap is $1.274 billion.
Bill Barrett Corporation explores for and develops oil and natural gas in the Rocky Mountain region of the United States.
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