Somewhat Favorable News Coverage Somewhat Unlikely to Impact Bill Barrett (BBG) Stock Price

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News articles about Bill Barrett (NYSE:BBG) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Bill Barrett earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned media headlines about the energy company an impact score of 46.5613404476779 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news stories that may have impacted Accern Sentiment’s rankings:

Several equities research analysts have issued reports on BBG shares. Barclays cut their price target on Bill Barrett from $7.00 to $6.00 and set an “equal weight” rating for the company in a report on Tuesday, December 12th. Zacks Investment Research raised Bill Barrett from a “hold” rating to a “buy” rating and set a $5.75 price target for the company in a report on Monday, February 5th. ValuEngine downgraded Bill Barrett from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 12th. Seaport Global Securities reissued a “neutral” rating on shares of Bill Barrett in a report on Tuesday, December 19th. Finally, Imperial Capital raised Bill Barrett from an “in-line” rating to an “outperform” rating and set a $9.00 target price for the company in a report on Monday, February 5th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. Bill Barrett presently has a consensus rating of “Hold” and an average price target of $6.48.

Shares of NYSE BBG traded up $0.02 during mid-day trading on Thursday, reaching $4.84. The company had a trading volume of 2,515,500 shares, compared to its average volume of 2,583,838. Bill Barrett has a one year low of $2.66 and a one year high of $6.93. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.47 and a current ratio of 2.47.

Bill Barrett (NYSE:BBG) last released its earnings results on Tuesday, February 27th. The energy company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.04. Bill Barrett had a negative return on equity of 5.27% and a negative net margin of 54.67%. The firm had revenue of $83.40 million for the quarter, compared to analysts’ expectations of $82.50 million. During the same quarter in the previous year, the business posted ($0.18) earnings per share. The business’s revenue for the quarter was up 61.6% on a year-over-year basis. analysts predict that Bill Barrett will post 0.18 earnings per share for the current fiscal year.

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About Bill Barrett

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.

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