Here’s Why Bill Barrett Corporation’s Stock Is Soaring Today

Here’s Why Bill Barrett Corporation’s Stock Is Soaring Today

Shares of Bill Barrett Corporation (NYSE: BBG) skyrocketed on Wednesday and were up more than 18% at 12:45 p.m. EDT. That's after the shale driller posted expectation-smashing third-quarter results and boosted its full-year outlook.

Heading into the third quarter, analysts expected that Bill Barrett would post an adjusted loss of $0.20 per share due to the impact of low oil prices. However, the company's loss came in much less than expected at $0.08 per share.

Image source: Getty Images.

Continue reading

Source: Fool.com