Stock On Watch: Bill Barrett Corporation’s Trend Up, Especially After Today’s Strong Session

Stock On Watch: Bill Barrett Corporation's Trend Up, Especially After Today's Strong Session

The stock of Bill Barrett Corporation (NYSE:BBG) is a huge mover today! About 2.47 million shares traded hands or 11.76% up from the average. Bill Barrett Corporation (NYSE:BBG) has declined 27.70% since April 27, 2016 and is downtrending. It has underperformed by 32.93% the S&P500.
The move comes after 7 months positive chart setup for the $446.16 million company. It was reported on Nov, 30 by Barchart.com. We have $8.11 PT which if reached, will make NYSE:BBG worth $35.69 million more.

Analysts await Bill Barrett Corporation (NYSE:BBG) to report earnings on March, 7. They expect $-0.12 earnings per share, down 271.43% or $0.19 from last year’s $0.07 per share. After $-0.10 actual earnings per share reported by Bill Barrett Corporation for the previous quarter, Wall Street now forecasts 20.00% negative EPS growth.

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 stock of Bill Barrett Corporation (NYSE:BBG) earned “Neutral” rating by Seaport Global Securities on Wednesday, January 13. The company was downgraded on Tuesday, May 3 by Deutsche Bank. On Friday, June 3 the stock rating was maintained by Wunderlich with “Buy”. Cantor Fitzgerald downgraded the stock to “Hold” rating in Tuesday, April 26 report. On Friday, November 13 the stock rating was upgraded by Howard Weil to “Sector Outperform”. The firm has “Neutral” rating by Ladenburg Thalmann given on Wednesday, January 27. The firm has “Market Perform” rating given on Friday, August 7 by Northland Capital. The stock of Bill Barrett Corporation (NYSE:BBG) has “Hold” rating given on Wednesday, March 30 by Canaccord Genuity. The company was maintained on Thursday, August 11 by Barclays Capital. Deutsche Bank maintained Bill Barrett Corporation (NYSE:BBG) rating on Wednesday, October 14. Deutsche Bank has “Buy” rating and $6 price target.

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 increased to 1.98 in Q2 2016. Its up 0.83, from 1.15 in 2016Q1. The ratio improved, as 15 funds sold all Bill Barrett Corporation shares owned while 45 reduced positions. 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.
Brandywine Global Invest Limited Company accumulated 15,200 shares or 0% of the stock. Barclays Public Lc has 115,698 shares for 0% of their US portfolio. Public Sector Pension Board has 0% invested in the company for 35,180 shares. Driehaus Cap Mgmt Lc holds 0.02% or 75,763 shares in its portfolio. Millennium Mngmt Llc last reported 504,759 shares in the company. Blackrock Advsrs accumulated 25,222 shares or 0% of the stock. Geode Mgmt Limited Liability Company accumulated 338,042 shares or 0% of the stock. Kcg Hldgs last reported 46,711 shares in the company. Netols Asset Mgmt Incorporated accumulated 1.03% or 711,767 shares. California State Teachers Retirement System accumulated 102,805 shares or 0% of the stock. Ls Inv Advsrs Lc has 0% invested in the company for 1,681 shares. Cubist Systematic Strategies Limited Liability accumulated 0.01% or 18,331 shares. Stevens Capital Management Limited Partnership has 60,555 shares for 0.02% of their US portfolio. Schwab Charles Investment Incorporated holds 0% or 620,776 shares in its portfolio. Swiss Natl Bank, a Switzerland-based fund reported 81,800 shares.

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 Resumes DJ Basin Development Program” published on August 15, 2016, Prnewswire.com published: “Bill Barrett Corporation Provides Third Quarter 2016 Commodity Price and …” on October 18, 2016. More interesting news about Bill Barrett Corporation (NYSE:BBG) were released by: Seekingalpha.com and their article: “Bill Barrett Corp.: Small-Cap E&P With Tremendous Upside” published on November 07, 2016 as well as Prnewswire.com‘s news article titled: “Bill Barrett Corporation Reports Second Quarter 2016 Financial and Operating …” with publication date: August 04, 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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