Goldman Sachs Upgrades Bill Barrett (BBG) to Buy, Sees Higher Nat-Gas Prices
Get Alerts BBG Hot Sheet
Price: $4.84 --0%
Rating Summary:
5 Buy, 15 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
Rating Summary:
5 Buy, 15 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
Join SI Premium – FREE
Goldman Sachs upgraded Bill Barrett (NYSE: BBG) from Neutral to Buy with a price target of $27.00 (from $25.00). Analyst Brian Singer said he no longer see a surplus in natural gas and thinks prices will rise to upper end of $4.00-$4.50 per MMBtu range.
"We continue to view Southwestern Energy (NYSE: SWN)/ Cabot (NYSE: COG) among E&Ps, Cloud Peak (NYSE: CLD) among coal, Halliburton (NYSE: HAL)/ Basic Energy (NYSE: BAS) / Nabors (NYSE: NBR) among oil service, and NRG Energy (NYSE: NRG) among IPPs as our favorites for natural gas exposure across sectors," said Singer.
"We upgrade Bill Barrett to Buy from Neutral, as we see BBG as an E&P in the early stages of an improving resource base trading at an attractive valuation likely to be supported by rising gas prices," added the analyst.
For an analyst ratings summary and ratings history on Bill Barrett (NYSE: BBG) click here. For more ratings news on Bill Barrett click here.
Shares of Bill Barrett closed at $19.75 yesterday.
"We continue to view Southwestern Energy (NYSE: SWN)/ Cabot (NYSE: COG) among E&Ps, Cloud Peak (NYSE: CLD) among coal, Halliburton (NYSE: HAL)/ Basic Energy (NYSE: BAS) / Nabors (NYSE: NBR) among oil service, and NRG Energy (NYSE: NRG) among IPPs as our favorites for natural gas exposure across sectors," said Singer.
"We upgrade Bill Barrett to Buy from Neutral, as we see BBG as an E&P in the early stages of an improving resource base trading at an attractive valuation likely to be supported by rising gas prices," added the analyst.
For an analyst ratings summary and ratings history on Bill Barrett (NYSE: BBG) click here. For more ratings news on Bill Barrett click here.
Shares of Bill Barrett closed at $19.75 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Craig-Hallum Upgrades Lands' End (LE) to Buy, 'the setup looks much better'
- TD Cowen Starts Grindr (GRND) at Buy
- 4D Molecular Therapeutics (FDMT) PT Lowered to $63 at BMO Capital, 'uncertainty remains a lingering overhang until the PhIII readout'
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Commodities, UpgradesRelated Entities
Goldman SachsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!