Bill Barrett Corp Receives a Hold from Canaccord Genuity

By Jason Carr

Canaccord Genuity analyst Stephen Berman reiterated a Hold rating on Bill Barrett Corp (NYSE: BBG) yesterday and set a price target of $7. The company’s shares opened today at $5.38.

According to TipRanks.com, Berman is ranked 0 out of 5 stars with an average return of -20.2% and a 31.3% success rate. Berman covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Sundance Energy Australia, and Abraxas Petroleum Corp.

Bill Barrett Corp has an analyst consensus of Hold, with a price target consensus of $6.

The company has a one year high of $9.38 and a one year low of $2.19. Currently, Bill Barrett Corp has an average volume of 2.21M.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. Most recently, in January 2015, Scot Woodall, the CEO and President of BBG bought 500 shares for a total of $4,775.

Bill Barrett Corp. engages in developing, acquiring and exploring oil and natural gas resources. It explores and develops oil and natural gas in the Rocky Mountain region of the United States. It holds interest in the Denver-Julesburg basin, the Uinta Oil Program in the Uinta Basin. The company was founded by William J. Barrett, Fredrick J. Barrett and John Frank Keller in January 2002 and is headquartered in Denver, CO.