Bill Barrett Corp. is an energy company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on BBG’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Bill Barrettcould be a solid choice for investors.

Current Quarter Estimates for BBG

In the past 30 days, 7 estimates have gone higher for Bill Barrett, while 1 has gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing down from a loss of 23 cents a share 30 days ago, to a loss of 16 cents per share today, a move of 43.8%.

Current Year Estimates for BBG

Meanwhile, Bill Barrett’s current year figures are also looking quite promising, with 8 estimates moving higher in the past month, compared to 1 lower. The consensus estimate trend has also seen a boost for this time frame, narrowing down from a loss of 96 cents per share 30 days ago to a loss of 74 cents per share today, an increase of 29.7%.  

BILL BARRETT CP Price and Consensus

BILL BARRETT CP Price and Consensus | BILL BARRETT CP Quote

Bottom Line

The stock has also started to move higher lately, adding 7.7% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.

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