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BBG

Bill Barrett

$5.35

0.23 (4.49%)

16:26
10/18/16
10/18
16:26
10/18/16
16:26

Bill Barrett expects to realize a cash commodity derivative gain of $20.4M in Q3

Bill Barrett announced that it is providing an update on certain Q3 items, including commodity price and derivatives data and the weighted average basic and diluted shares outstanding for the Q3. For the Q3, West Texas Intermediate, or WTI, oil prices averaged $44.94 per barrel, Northwest Pipeline natural gas prices averaged $2.51 per MMBtu and NYMEX natural gas prices averaged $2.75 per MMBtu. The Company had derivative commodity swaps in place for the third quarter of 2016 for 7,750 barrels of oil per day tied to WTI pricing at $72.57 per barrel, 5,000 MMBtu of natural gas per day tied to NWPL regional pricing at $4.10 per MMBtu and no hedges in place for NGLs. Based on preliminary unaudited results, the Company expects to realize a cash commodity derivative gain of $20.4M in the Q3 due to positive derivative positions. The Company expects its Q3 commodity price differentials to benchmark pricing to approximate: oil less $3.02 price per barrel versus WTI; and natural gas less $0.29 per thousand cubic feet, or Mcf, compared to NWPL.

  • 04

    Nov

BBG Bill Barrett
$5.35

0.23 (4.49%)

04/26/16
CANT
04/26/16
DOWNGRADE
Target $7.5
CANT
Hold
Bill Barrett downgraded to Hold from Buy at Cantor
Cantor analyst Brad Carpenter downgraded Bill Barrett to Hold citing year-to-date share strength and a more cautious view on where crude moves from here. The analyst raised his price target on Bill Barrett shares to $7.50 from $6.
04/28/16
KEYB
04/28/16
DOWNGRADE
KEYB
Sector Weight
Bill Barrett downgraded to Sector Weight from Overweight at KeyBanc
KeyBanc analyst Chris Stevens downgraded Bill Barrett to Sector Weight citing a "full" valuation and the likelihood of disappointing upcoming well results. The analyst believes well results will likely to be announced with earnings and could disappoint.
05/03/16
DBAB
05/03/16
DOWNGRADE
Target $8
DBAB
Hold
Bill Barrett downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Josh Silverstein downgraded Bill Barrett to Hold citing valuation following the year-to-date rally in the shares. The analyst keeps an $8 price target for the name.
06/30/16
JRCO
06/30/16
INITIATION
JRCO
Buy
Bill Barrett initiated with a Buy at Johnson Rice (pre-open)

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