Canaccord Genuity Reiterates a 'Buy' on Bill Barrett (BBG); Uinta Basin Oil Play
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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 reiterates a 'Buy' on Bill Barrett (NYSE: BBG) price target of $41.00.
Analyst, John Gerdes, said, "BBG offers ~15% differential upside potential owing to unrecognized value related to the ongoing increase in oil development principally in the Uinta Basin. In our view, the company is appropriately deferring dry gas drilling this year. In the Uinta Basin, an increase in permitting cycle times or exploration success on fee mineral lands would further accelerate oil-directed activity. Additionally, the company offers exploration upside in the Powder River Basin. Finally, asset divestitures and additional refinery commitments would also serve as catalysts."
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 $28.46 yesterday.
Analyst, John Gerdes, said, "BBG offers ~15% differential upside potential owing to unrecognized value related to the ongoing increase in oil development principally in the Uinta Basin. In our view, the company is appropriately deferring dry gas drilling this year. In the Uinta Basin, an increase in permitting cycle times or exploration success on fee mineral lands would further accelerate oil-directed activity. Additionally, the company offers exploration upside in the Powder River Basin. Finally, asset divestitures and additional refinery commitments would also serve as catalysts."
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 $28.46 yesterday.
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