Bill Barrett Corp. PT Lowered to $25.00 (BBG)
Investment analysts at Imperial Capital lowered their price target on shares of Bill Barrett Corp. (NYSE:BBG) from $30.00 to $25.00 in a note issued to investors on Tuesday, American Banking News reports. The firm currently has an “in-line” rating on the stock. Imperial Capital’s target price suggests a potential upside of 8.65% from the company’s current price.
Shares of Bill Barrett Corp. (NYSE:BBG) traded up 2.40% on Tuesday, hitting $23.01. 2,108,265 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 $30.69. The stock’s 50-day moving average is $26.71 and its 200-day moving average is $25.56. The company’s market cap is $1.095 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at KLR Group upgraded shares of Bill Barrett Corp. from a “reduce” rating to a “hold” rating in a research note on Thursday, February 6th. They now have a $24.00 price target on the stock. Separately, analysts at Global Hunter Securities downgraded shares of Bill Barrett Corp. from an “accumulate” rating to a “neutral” rating in a research note on Wednesday, February 5th. They now have a $30.00 price target on the stock, down previously from $35.00. They noted that the move was a valuation call. Finally, analysts at Barclays downgraded shares of Bill Barrett Corp. from an “overweight” rating to an “equal weight” rating in a research note on Monday, February 3rd. They now have a $28.00 price target on the stock, up previously from $26.00. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $30.21.
Bill Barrett Corporation explores for and develops oil and natural gas in the Rocky Mountain region of the United States.
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