BBG Sees Strong Per Share Growth

Bill Barrett Corporation (NYSE: BBG) is likely to see its shares benefit from larger development inventory, according to Pritchard, who is also raising its NAV to $46/share along with its price target.

Centralized water handling and pad drilling could reduce economic breakevens below the $3.60/mcfe wellhead price. Introducing 2012 EPS/CFPS estimates of $1.88/$11.02.

Bill Barrett Corporation closed yesterday at $34.91.