Global Hunter Securities Cuts Price Target on Bill Barrett Corp (BBG)
Analysts at Global Hunter Securities decreased their price target on shares of Bill Barrett Corp (NYSE: BBG) from $45.00 to $40.00 in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank (NYSE: DB) initiated coverage on shares of Bill Barrett Corp in a research note to investors on Thursday, April 12nd. They set a “hold” rating and a $30.00 price target on the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Bill Barrett Corp in a research note to investors on Friday, March 9th.
Shares of Bill Barrett Corp traded down 0.18% during mid-day trading on Friday, hitting $22.15. Bill Barrett Corp has a 52 week low of $20.34 and a 52 week high of $52.13. The company has a market cap of $1.043 billion and a P/E ratio of 20.51.
Bill Barrett Corp last announced its earnings results on Thursday, May 3rd. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.24 by $0.04. The company’s quarterly revenue was up 3.9% on a year-over-year basis. On average, analysts predict that Bill Barrett Corp will post $0.15 earnings per share next quarter.
Bill Barrett Corporation (BBC) is engaged in exploration, development and production of natural gas and crude oil, and all of its operations are conducted in the United States.