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How Has BBG Stock Performed after Its 3Q16 Earnings Release?

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Stock performance after 3Q16 earnings

Bill Barrett Corporation (BBG) stock rose 8.4% on November 4, 2016, following its after-market 3Q16 earnings release on November 3. The stock rose due to better-than-expected quarterly earnings.

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Performance comparison

BBG stock has continued to see an upward momentum since the 3Q16 earnings release, rising 54.0% since November 1, 2016. As you can see in the above graph, BBG has outperformed the broader energy sector represented by the Energy Select SPDR ETF (XLE).

It has also outperformed the broader market represented by the S&P 500 SPDR ETF (SPY). It has also beaten crude oil and natural gas prices in the period.

Year-over-year, BBG has risen ~50.0%, while peers California Resources (CRC), Cobalt International Energy (CIE), and W&T Offshore (WTI) have fallen ~30.0%, 80.0%, and 38.0%, respectively, in the same period.

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