Which Is The Right Medium Term Selection? Bill Barrett Corporation (BBG), SandRidge Energy Inc. (SD) and Huntington Bancshares Incorporated (HBAN)
New York, NY – GDP INSIDER – 04/08/2015.
This article discusses three companies: Bill Barrett Corporation(NYSE:BBG), SandRidge Energy Inc.(NYSE:SD) and Huntington Bancshares Incorporated (NASDAQ:HBAN)
Bill Barrett Corporation (NYSE:BBG) continued to trend downwards yesterday, dropping another 0.11% or $0.01 to close at $9.34 on slightly higher than average trading volume, with 2.74 million shares trading hands, compared to its 30 day average trading volume of 2.47 million. The stock has lost 18.00% so far this year and witnessed a decline of 51.90% in its quarterly revenue growth (yoy). With Bill Barrett Corporation now trading down 62.44% for the last one year compared to the S&P 500 which is up 12.12%, the company may be reaching a point where it is significantly undervalued and if oil starts to gain, worth buying again.
SandRidge Energy Inc. (NYSE:SD) started to reverse recent losses with the stock closing up 2.97% or $0.06 to close at $2.08, on heavy trading volume of 20.56 million compared to its three month average of 12.85 million. SandRidge Energy Inc has not been doing as badly as many companies in the oil and gas drilling and exploration sector with the stock only down 48.64% over the past six months. Until the sector stabilizes and oil begins to recover, the stock is likely to continue its downward trend, making it a sell rather than hold for now.
Huntington Bancshares Incorporated (NASDAQ:HBAN) continued to climb yesterday with the stock closing up 0.36% or $0.04 to finish the day at a closing price of $11.10 on light trading volume of 6.85 million, compared to its 30 day average trading volume of 8.43 million. multi-state regional bank holding company has been doing well over the past six months, with the stock gaining 16.11% compared to the S&P 500, which has gained 7.30% over the same period. With the stock already up 6.12% so far this year and RSI of 57.84, Huntington Bancshares Incorporated is well positioned to keep making gains, making it a strong hold with a view to buy for the medium and long term.
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