Canaccord Genuity Reiterates a 'Buy' on Bill Barrett (BBG); Q3/11: Uinta Basin Success, Oil Exploration Continues
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Price: $4.84 --0%
Rating Summary:
5 Buy, 15 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
5 Buy, 15 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
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Canaccord Genuity reiterates a 'Buy' on Bill Barrett (NYSE: BBG) price target of $61.00.
Canaccord analyst, John Gerdes, said, "We are increasing our target $1 to $61 due to minor model refinements. We reiterate our rating as successful tests of new oil-bearing horizons and recent acquisitions should allow Barrett to continue to shift capital from gas to oil development. We believe liquids production should double from current levels by year-end ’12."
For more ratings news on Bill Barrett click here and for the rating history of Bill Barrett click here.
Shares of Bill Barrett closed at $40.06 yesterday.
Canaccord analyst, John Gerdes, said, "We are increasing our target $1 to $61 due to minor model refinements. We reiterate our rating as successful tests of new oil-bearing horizons and recent acquisitions should allow Barrett to continue to shift capital from gas to oil development. We believe liquids production should double from current levels by year-end ’12."
For more ratings news on Bill Barrett click here and for the rating history of Bill Barrett click here.
Shares of Bill Barrett closed at $40.06 yesterday.
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