The stock of Bill Barrett Corporation (NYSE:BBG) is a huge mover today! About 1.32M shares traded hands. Bill Barrett Corporation (NYSE:BBG) has declined 11.44% since April 13, 2016 and is downtrending. It has underperformed by 15.36% the S&P500.
The move comes after 6 months positive chart setup for the $406.58M company. It was reported on Nov, 15 by Barchart.com. We have $11.31 PT which if reached, will make NYSE:BBG worth $280.54 million more.
Bill Barrett Corporation (NYSE:BBG) Ratings Coverage
Out of 14 analysts covering Bill Barrett Corporation (NYSE:BBG), 3 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 21% are positive. Bill Barrett Corporation has been the topic of 40 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Wednesday, January 27 by Ladenburg Thalmann. The stock of Bill Barrett Corporation (NYSE:BBG) has “Sector Outperform” rating given on Friday, October 14 by Howard Weil. Deutsche Bank maintained the shares of BBG in a report on Wednesday, December 9 with “Buy” rating. The company was maintained on Friday, June 3 by Wunderlich. Barclays Capital maintained Bill Barrett Corporation (NYSE:BBG) rating on Thursday, August 11. Barclays Capital has “Equal-Weight” rating and $6 price target. The company was downgraded on Wednesday, March 30 by Canaccord Genuity. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, October 14 report. KeyBanc Capital Markets downgraded the shares of BBG in a report on Thursday, April 28 to “Sector Weight” rating. The rating was upgraded by Howard Weil to “Sector Outperform” on Friday, November 13. The firm has “Market Perform” rating given on Friday, September 4 by BMO Capital Markets.
According to Zacks Investment Research, “Bill Barrett Corporation, headquartered in Denver, explores for and develops oil and natural gas in the Rocky Mountain region of the United States. The Company has projects in nine basins in the Rocky Mountains.”
Insitutional Activity: The institutional sentiment is 1.15 in 2016 Q2. Its the same as in 2016Q1. The ratio is without change, as 15 funds sold all Bill Barrett Corporation shares owned while 45 reduced positions. only 32 funds bought stakes while 37 increased positions. They now own 59.89 million shares or 9.59% more from 54.65 million shares in 2016Q1.
Deprince Race And Zollo has invested 0.01% of its portfolio in Bill Barrett Corporation (NYSE:BBG). Engineers Gate Manager L P has 0.09% invested in the company for 194,789 shares. Eam last reported 0.11% of its portfolio in the stock. Tfs Capital holds 48,760 shares or 0.06% of its portfolio. Citadel Ltd, a Illinois-based fund reported 165,619 shares. Balyasny Asset Management Limited Co holds 0% or 10,742 shares in its portfolio. Manufacturers Life The reported 34,807 shares or 0% of all its holdings. Monarch Prns Asset Limited Co has 0.01% invested in the company for 21,520 shares. Cypress Cap Mngmt Ltd Liability Com (Wy) has 0% invested in the company for 685 shares. Alliancebernstein L P, a New York-based fund reported 70,622 shares. Boston Partners reported 1.01 million shares or 0.01% of all its holdings. Grt Cap Ltd Llc has invested 2.12% of its portfolio in Bill Barrett Corporation (NYSE:BBG). Moreover, Sei Invests has 0% invested in Bill Barrett Corporation (NYSE:BBG) for 1 shares. Citigroup owns 7,023 shares or 0% of their US portfolio. The New York-based Metropolitan Life Insurance Co New York has invested 0% in Bill Barrett Corporation (NYSE:BBG).
More notable recent Bill Barrett Corporation (NYSE:BBG) news were published by: Fool.com which released: “Here’s Why Bill Barrett Corporation’s Stock Is Popping Today” on November 04, 2016, also Prnewswire.com with their article: “Bill Barrett Corporation Provides Third Quarter 2016 Commodity Price and …” published on October 18, 2016, Prnewswire.com published: “Bill Barrett Corporation Schedules Third Quarter 2016 Financial Results …” on October 14, 2016. More interesting news about Bill Barrett Corporation (NYSE:BBG) were released by: Prnewswire.com and their article: “Bill Barrett Corporation Resumes DJ Basin Development Program” published on August 15, 2016 as well as Prnewswire.com‘s news article titled: “Bill Barrett Corporation Announces Debt Exchange” with publication date: June 02, 2016.
BBG Company Profile
Bill Barrett Corporation, incorporated on April 29, 2002, is an independent energy firm that develops, acquires and explores for oil and natural gas resources. The Company’s assets and activities are located in the Rocky Mountain region of the United States. The Firm develops oil and natural gas in the Rocky Mountain region of the United States. The Firm has over two areas of production, including The Denver-Julesburg Basin (DJ Basin) and the Uinta Oil Program in the Uinta Basin.
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