Bill Barrett Corporation (NYSE:BBG) Rating Restated

In a note issued to clients and investors on 14 April, Bill Barrett Corporation (NYSE:BBG) stock had its Buy Rating restate by research professionals at Stifel Nicolaus. They currently have a $8.00 TP on company. Stifel Nicolaus’s target indicates a potential upside of 99.00 % from the company’s last price.

Out of 17 brokers covering Bill Barrett Corporation, 4 rate it a Buy, 14 indicate a Hold while 0 suggest a Sell. The highest target is $15 and the lowest is $6 according to Thomson/First Call. The 12-month mean target is $8.24, which means upside potential of 104.98% over the current price.

Institutional Ownership

Jvl Advisors L.L.C. had the largest stake with ownership of 2.89M shares as of q2 2015 for 3.13% of the long stock exposure. Grt Capital Partners L.L.C. is another bull as the active investment manager who is having 1.34M shares of Bill Barrett Corporation or 1.55% of their long stock exposure. Further, Sir Capital Management L.P. have 1.46% of their long stock exposure invested in the company for 2.00M shares. The New York-based fund Stelliam Investment Management Lp revealed it had acquired so far a stake worth about 1.21% of the active investment manager’s stock portfolio in Bill Barrett Corporation. The Wisconsin-based fund Netols Asset Management Inc. is also positive about the stock, possessing 6.49M shares or 0.76% of their long stock exposure.

Bill Barrett Corporation (NYSE:BBG) Profile

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. It has over two areas of production: The Denver-Julesburg Basin (DJ Basin) and the Uinta Oil Program in the Uinta Basin.

Bill Barrett Corporation (NYSE:BBG) traded down -4.06% on 14 April, hitting $4.02. A total of 1.70 million shares of the company’s stock traded hands. This is down from average of 2.61 million shares. Bill Barrett Corporation has a 52 week low of $4.02 and a 52 week high of $9.38. The company has a market cap of $294.26 million and a P/E ratio of 0.

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The post New York: Bill Barrett Corporation (NYSE:BBG)’s Stock Had Its Buy Rating Restated at Stifel Nicolaus in Report Issued Today. Has $8.00 Target appeared first on Octafinance.