3 Oversold Stocks: Bill Barrett Corporation (BBG), Ampio Pharmaceuticals Inc (AMPE), And Midstates Petroleum Company Inc (MPO)?
New York, NY – GDP INSIDER – 01/29/2015.
Bill Barrett Corporation (NYSE:BBG) witnessed a massive sell-off in its stock as 5.53 million shares exchanged hands compared to t the average daily volume of 2.13 million shares. The oil and gas company traded in the range of $8.67 and $10.67. It opened the day at $10.62. BBG dropped 17.01% to end the session at $8.98 with a market cap of $528.98 million. The stock currently carries an average target price of $12.34.
Yesterday’s closing price put Bill Barrett Corporation (NYSE:BBG) 19.10% above its 52-week low and 69.40% below its 52-week high.
The company’s sales were down 9% sequentially in the most recent quarter, but EPS increased 79.50% sequentially in the same period.
BBG has been under pressure as crude prices continue to fall in the market.
Ampio Pharmaceuticals Inc (NYSEMKT:AMPE) declined 6.27% to finish yesterday’s session at $5.08. The stock opened the session at $5.55. About 1.41 million shares exchanged hands yesterday, a volume that was far beyond the average daily volume of about 663,856 shares. AMPE saw its stock trading between a session low of $4.60 and a high of $5.57. The biopharmaceutical company ended yesterday’s session with a market cap of $286.77 million. In the afterhours trading, AMPE gained some strength and rose 0.79% to $5.12.
Yesterday’s closing price of $5.08 put AMPE 45.73% below its 52-week high and 59.25% above its 52-week low.
AMPE’s sales increased 71.40% sequentially in the most recent quarter, while EPS declined 12.50% in the same period.
Midstates Petroleum Company Inc (NYSE:MPO) had a dull day yesterday. About 415,030 shares exchanged hands on the day, way below the average daily volume of 787,427 shares. The stock plunged 8.78% to end the session at $1.35 with a market cap of $106.65 million. MPO saw its shares trading in the range of $1.31 and $1.50. Yesterday’s session opened at $1.49.
Following yesterday’s stock price decline, MPO remained 82% below its 52-week.
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