Bill Barrett Corporation that develops oil and natural gas 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 Barrett could be a solid choice for investors.
Current Quarter Estimates for BBG
In the past 30 days, three estimates have gone higher for Bill Barrett while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 23 cents a share 30 days ago, to a loss of 21 cents today, a move of 8.7%.
Current Year Estimates for BBG
Meanwhile, Bill Barrett’s current year figures are also looking quite promising, with three estimates moving higher in the past month, compared to one lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss 83 cents per share 30 days ago to a loss of 75 cents per share today, a move of 9.6%.
Bill Barrett Corporation Price and Consensus
The stock has also started to move higher lately, adding 35.2% 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 #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
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