Bill Barrett +3% as Stifel upgrades to Buy

Bill Barrett (BBG +3%) is upgraded to Buy from Hold with a $30 price target at Stifel after underperforming during the last two quarters on production delivery issues.

At current price levels, Stifel estimates that BBG shares are giving no value to the Chalk Bluffs, where the Codell is currently being tested, or to the Wattenberg Northern Block acreage, where extended reach laterals are being tested, which could improve the area's economics; the firm believes the two areas alone could add $11.50/share of unrisked value with the potential for $3-$6/share to flow in the coming six months.

Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs