Q1 2022 EPS Estimates for Berry Co. (NASDAQ:BRY) Increased by Analyst

Berry Co. (NASDAQ:BRYGet Rating) – Stock analysts at Piper Sandler upped their Q1 2022 earnings per share (EPS) estimates for Berry in a research note issued to investors on Thursday, April 7th. Piper Sandler analyst H. Chang now anticipates that the energy company will post earnings per share of $0.53 for the quarter, up from their previous estimate of $0.42. Piper Sandler currently has a “Overweight” rating and a $14.00 target price on the stock. Piper Sandler also issued estimates for Berry’s Q2 2022 earnings at $0.94 EPS, Q3 2022 earnings at $1.06 EPS, Q4 2022 earnings at $1.12 EPS, FY2022 earnings at $3.64 EPS, Q1 2023 earnings at $1.28 EPS, Q2 2023 earnings at $1.28 EPS, Q3 2023 earnings at $1.01 EPS, Q4 2023 earnings at $0.87 EPS, FY2023 earnings at $4.44 EPS, Q1 2024 earnings at $0.98 EPS and FY2024 earnings at $3.73 EPS.

BRY has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Berry from a “strong sell” rating to a “hold” rating in a research note on Monday. KeyCorp raised their target price on shares of Berry from $11.00 to $12.00 and gave the company an “overweight” rating in a research note on Wednesday, March 9th. Finally, Wells Fargo & Company raised their target price on shares of Berry from $10.00 to $12.00 and gave the company an “underweight” rating in a research note on Monday, March 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $11.88.

NASDAQ:BRY opened at $11.97 on Monday. Berry has a 1 year low of $4.72 and a 1 year high of $12.47. The firm’s fifty day simple moving average is $9.96 and its 200 day simple moving average is $9.20. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $961.35 million, a PE ratio of -59.85 and a beta of 2.58.

Berry (NASDAQ:BRYGet Rating) last posted its earnings results on Tuesday, February 22nd. The energy company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). Berry had a negative net margin of 2.85% and a positive return on equity of 3.07%. The firm had revenue of $208.09 million during the quarter, compared to analyst estimates of $158.87 million.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 15th. Shareholders of record on Tuesday, March 15th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Monday, March 14th. Berry’s dividend payout ratio (DPR) is presently -119.99%.

A number of institutional investors have recently modified their holdings of BRY. Rhumbline Advisers lifted its holdings in shares of Berry by 1.5% during the 4th quarter. Rhumbline Advisers now owns 94,937 shares of the energy company’s stock worth $799,000 after acquiring an additional 1,436 shares during the period. Deutsche Bank AG lifted its holdings in shares of Berry by 4.9% during the 4th quarter. Deutsche Bank AG now owns 40,949 shares of the energy company’s stock worth $345,000 after acquiring an additional 1,919 shares during the period. Royal Bank of Canada lifted its holdings in shares of Berry by 43.5% during the 3rd quarter. Royal Bank of Canada now owns 8,669 shares of the energy company’s stock worth $63,000 after acquiring an additional 2,626 shares during the period. Great Lakes Advisors LLC lifted its holdings in shares of Berry by 2.9% during the 4th quarter. Great Lakes Advisors LLC now owns 103,798 shares of the energy company’s stock worth $874,000 after acquiring an additional 2,967 shares during the period. Finally, Citigroup Inc. lifted its holdings in shares of Berry by 66.1% during the 3rd quarter. Citigroup Inc. now owns 7,557 shares of the energy company’s stock worth $54,000 after acquiring an additional 3,008 shares during the period. 96.09% of the stock is owned by hedge funds and other institutional investors.

Berry Company Profile (Get Rating)

Berry Petroleum Company, LLC., formerly Berry Petroleum Company, is an independent energy company. The Company is engaged in the production, development, exploitation, and acquisition of oil and natural gas. The Company’s principal reserves and producing properties are located in California (South Midway-Sunset (SMWSS)-Steam Floods, North Midway-Sunset (NMWSS)-Diatomite, NMWSS-New Steam Floods, Texas (Permian and E.

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Earnings History and Estimates for Berry (NASDAQ:BRY)

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