Bill Barrett Upgraded to Buy at Global Hunter Securities (BBG)
Bill Barrett (NYSE:BBG) was upgraded by stock analysts at Global Hunter Securities from a “neutral” rating to a “buy” rating in a report issued on Friday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on BBG. Analysts at Mizuho reiterated a “neutral” rating on shares of Bill Barrett in a research note on Tuesday, August 5th. They now have a $24.00 price target on the stock, down previously from $28.00. Separately, analysts at KLR Group upgraded shares of Bill Barrett from a “hold” rating to an “accumulate” rating in a research note on Monday, August 4th. They now have a $26.00 price target on the stock. Finally, analysts at Barclays cut their price target on shares of Bill Barrett from $29.00 to $28.00 in a research note on Monday, August 4th. They now have an “equal weight” rating on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $30.29.
Shares of Bill Barrett (NYSE:BBG) opened at 20.68 on Friday. Bill Barrett has a 1-year low of $20.52 and a 1-year high of $30.69. The stock’s 50-day moving average is $24.51 and its 200-day moving average is $25.09. The company’s market cap is $993.2 million.
Bill Barrett (NYSE:BBG) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.18) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.04 by $0.22. The company had revenue of $145.00 million for the quarter, compared to the consensus estimate of $132.40 million. During the same quarter last year, the company posted ($0.19) earnings per share. Bill Barrett’s revenue was up 1.9% compared to the same quarter last year. Analysts expect that Bill Barrett will post $0.07 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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