Bill Barrett Receives Consensus Recommendation of “Hold” from Analysts (NYSE:BBG)
Bill Barrett (NYSE:BBG) has earned a consensus recommendation of “Hold” from the twenty analysts that are currently covering the company, American Banking News.com reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $30.29.
Several analysts have recently commented on the stock. Analysts at Global Hunter Securities upgraded shares of Bill Barrett from a “neutral” rating to a “buy” rating in a research note on Friday, August 15th. Separately, 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. Finally, 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.
Shares of Bill Barrett (NYSE:BBG) opened at 21.44 on Friday. Bill Barrett has a one year low of $20.59 and a one year high of $30.69. The stock has a 50-day moving average of $22.78 and a 200-day moving average of $24.7. The company’s market cap is $1.030 billion.
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 $-0.02 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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