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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.