Bill Barrett (NYSE:BBG) Earning Somewhat Favorable News Coverage, Report Shows
Headlines about Bill Barrett (NYSE:BBG) have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Bill Barrett earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned media coverage about the energy company an impact score of 49.5058068349112 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of NYSE BBG opened at $4.84 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.47 and a quick ratio of 2.47. Bill Barrett has a 1 year low of $2.66 and a 1 year high of $6.93.
A number of research firms have recently weighed in on BBG. Zacks Investment Research upgraded Bill Barrett from a “hold” rating to a “buy” rating and set a $5.25 target price for the company in a research note on Monday, March 12th. SunTrust Banks assumed coverage on Bill Barrett in a research report on Friday, March 2nd. They set a “buy” rating and a $7.00 price target for the company. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $7.28.
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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