Another undervalued oil stock on the radar would be Bill Barrett Corp (NYSE: BBG) as the company slashed expenses, sold assets and secured its credit line. Like most small and mid cap oil companies the Denver based company is trying to withstand ongoing bearish oil prices.
BBG stock, like most oil stocks, has been ravaged by falling oil prices as profit margins thinned and shareholders bailed. The Bill Barrett Corp share price was $20.00 a year ago and dropped almost 80% to $2.75 a share in late September 2015. The stock is currently at $3.39 a share.
Some analysts have BBG stock as a buy with targets as high as $7.35 a share. In any case, Bill Barrett Corp. (BBG) looks like a solid company and may see nice gains with any news of oil price momentum.
Stay tuned TKO’ers!