Canaccord Genuity Maintains a 'Buy' on Bill Barrett (BBG); Meaningful Catalysts Upcoming
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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: 5 | New: 26
Rating Summary:
5 Buy, 15 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintains a 'Buy' on Bill Barrett (NYSE: BBG) price target of $63.00.
Canaccord analyst, John Gerdes, said, "Bill Barrett represents a favorite as we believe events over the next few months – including the company’s January 24 analyst day – should serve as meaningful catalysts for the shares. BBG could release Uinta Basin locations/estimated recoveries, ’12 operational/financial guidance and DJ/Powder River Basin horizontal well results."
"Additionally, we believe the market is underestimating the coming impact of Bill Barrett’s shift to liquids partly due to two-stream reporting, which embeds the value of NGL production in the gas price realization. The company exited ’11 with seven of eight rigs targeting liquids and is considering greater financial disclosure with production/capital spending guidance (typically provided in late January)."
For an analyst ratings summary and ratings history on Bill Barrett click here. For more ratings news on Bill Barrett click here.
Shares of Bill Barrett closed at $30.15 yesterday.
Canaccord analyst, John Gerdes, said, "Bill Barrett represents a favorite as we believe events over the next few months – including the company’s January 24 analyst day – should serve as meaningful catalysts for the shares. BBG could release Uinta Basin locations/estimated recoveries, ’12 operational/financial guidance and DJ/Powder River Basin horizontal well results."
"Additionally, we believe the market is underestimating the coming impact of Bill Barrett’s shift to liquids partly due to two-stream reporting, which embeds the value of NGL production in the gas price realization. The company exited ’11 with seven of eight rigs targeting liquids and is considering greater financial disclosure with production/capital spending guidance (typically provided in late January)."
For an analyst ratings summary and ratings history on Bill Barrett click here. For more ratings news on Bill Barrett click here.
Shares of Bill Barrett closed at $30.15 yesterday.
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