Bill Barrett Corporation (NYSE:BBG) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 14, 2016
Zacks Investment Research has downgraded Bill Barrett Corporation (NYSE:BBG) to Hold in a statement released on 10/14/2016.
On 9/20/2016, Zacks Investment Research released a statement for Bill Barrett Corporation (NYSE:BBG) bumped up the target price from $0.00 to $5.75 that suggested an upside of 0.14%.
Having a price of $5.24, Bill Barrett Corporation (NYSE:BBG) traded 0.00% even on the day. The last closing price is down -19.72% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. BBG has recorded a 50-day average of $5.81 and a two hundred day average of $6.53. Volume of trade was down over the average, with 0 shares of BBG changing hands under the typical 2,123,280
With a total market value of $0, Bill Barrett Corporation has with a one year low of $2.19 and a one year high of $9.38 .
A total of 17 brokers have issued a research note on the company. 1 brokerage rating the stock a strong buy, three equity analysts rating the company a buy, fourteen analysts rating the stock a hold, 0 equity analysts rating the company a underperform, and finally zero brokers rating the stock a sell with a consensus target price of $8.24.
General Company Details For Bill Barrett Corporation (NYSE:BBG)
Bill Barrett Corporation is an independent energy company that develops, acquires and explores for oil and natural gas resources. The Company's assets and operations are located in the Rocky Mountain region of the United States. The Company develops oil and natural gas in the Rocky Mountain region of the United States. The Company has over two areas of production, including The Denver-Julesburg Basin (DJ Basin) and the Uinta Oil Program in the Uinta Basin. The Company's acreage positions in the DJ Basin are located in Colorado's eastern plains and parts of southeastern Wyoming. DJ Basin's estimated proved reserves are 62.3 million barrels of oil equivalent (MMBoe). The Company has interests in approximately 280 gross producing wells. The Company serves as an operator in approximately 170 gross wells. The Uinta Basin is located in northeastern Utah. Uinta Basin's estimated proved reserves are 21.4 MMBoe. Uinta Basin has interests in approximately 240 gross producing wells.
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