US06846N1046
Several oil stocks slumped this week, but only one of those looks interesting.
The fast-growing oil producer hit an unexpected speed bump.
The most recent short interest data has been released for the 02/15/2018 settlement date, which shows a 9,066,589 share increase in total short interest for Bill Barrett Corp (BBG), to 12,747,356, an increase of 246.32% since 01/31/2018. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded..
BBG – Beats Wall Street consensus EPS estimates by $0.04 and beats on revenues.
Investors in Bill Barrett Corp (BBG) saw new options begin trading this week, for the April 20th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the BBG options chain for the new April 20th contracts and identified one put and one call contract of particular interest.
BBG – Imperial Capital raises to outperform, $9PT. This price target represents a 74.08% upside over the stock’s previous closing price of $5.17.
High-beta products will continue to generate outsized returns in the coming weeks and is suitable for risk tolerance investors given its volatile nature.
The Q4 earnings season is underway with a few major banks set to report this week. Earnings for the S&P 500 index are expected to grow 8.8% from the same period last year on 6.9% higher revenues.
While oil prices recovered in 2017, these oil stocks went in the opposite direction. However, that could change for at least one of them in 2018.
The most recent short interest data has been released for the 12/15/2017 settlement date, which shows a 4,753,203 share decrease in total short interest for Bill Barrett Corp (BBG), to 5,675,272, a decrease of 45.58% since 11/30/2017. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded..
The most recent short interest data has been released for the 11/30/2017 settlement date, which shows a 1,122,239 share increase in total short interest for Bill Barrett Corp (BBG), to 10,428,475, an increase of 12.06% since 11/15/2017. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded..
BBG – Barclays cuts PT to $6 from $7. This new price target represents a 25.52% upside over the stock’s previous closing price of $4.78.
The moves that sent this driller's shares down should also improve its already strong position in an emerging oil field.
Looking back to 2 days ago, Bill Barrett Corp (BBG) priced a 21,000,000 share secondary stock offering at $5.00 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time..
BBG – Imperial Capital cuts to in-line. Stock price at the time of this analyst call was $4.65.
BBG – Imperial Capital cuts PT to $5 from $8. This new price target represents a 7.53% upside over the stock’s previous closing price of $4.65.
In trading on Wednesday, oil & gas exploration & production shares were relative laggards, down on the day by about 3.4%. Helping drag down the group were shares of Bill Barrett Corporation (BBG), off about 18.8% and shares of Northern Oil and Gas (NOG) off about 11.7% on the day.
The company plans to combine with private equity-backed Fifth Creek Energy.