In a report published Thursday, Wunderlich Securities analyst Jason A. Wangler reiterated a Buy rating and $12.00 price target on Bill Barrett Corporation (NYSE: BBG).
In the report, Wunderlich Securities noted, “Bill Barrett Corp. (BBG) this week released a new presentation with additional details on its 2014 successes and 2015 plans. Though the company did not lay out its full/formal 2015 guidance, it should do so later this month (as is usual); the indications in our view are that the numbers should be rather solid despite the drop in oil prices. We believe the company has strong economics in the DJ Basin/Niobrara and Uinta Basin even at current prices; and with its hedging program locking in the majority of its oil cash flows for 2015, we look for a solid level of activity that should generate nice growth throughout the year. This growth should already be underway given the company's active XRL drilling program in late 2014 that is generating nice flush production early in 2015.”
Bill Barrett Corporation closed on Wednesday at $9.24.
Latest Ratings for BBG
| Dec 2014 | Barclays | Maintains | Equal-weight | |
| Dec 2014 | Deutsche Bank | Maintains | Hold | |
| Dec 2014 | Global Hunter | Downgrades | Buy | Neutral |
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