Berry (NASDAQ:BRY – Get Rating) will release its earnings data before the market opens on Wednesday, May 4th. Analysts expect Berry to post earnings of $0.41 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
Berry (NASDAQ:BRY – Get Rating) last announced its quarterly earnings data on Tuesday, February 22nd. The energy company reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 analysts’ expectations of $158.87 million. On average, analysts expect Berry to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of BRY opened at $11.02 on Wednesday. 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 $889.98 million, a P/E ratio of -55.10 and a beta of 2.58. The firm has a 50-day moving average price of $10.59 and a 200 day moving average price of $9.53. Berry has a 12-month low of $4.72 and a 12-month high of $12.85.
Several hedge funds have recently made changes to their positions in BRY. Morgan Stanley lifted its holdings in shares of Berry by 50.9% during the 2nd quarter. Morgan Stanley now owns 143,135 shares of the energy company’s stock worth $962,000 after acquiring an additional 48,305 shares during the period. Invesco Ltd. raised its holdings in Berry by 5.6% in the third quarter. Invesco Ltd. now owns 119,540 shares of the energy company’s stock valued at $862,000 after buying an additional 6,346 shares during the period. Royal Bank of Canada raised its holdings in Berry by 43.5% in the third quarter. Royal Bank of Canada now owns 8,669 shares of the energy company’s stock valued at $63,000 after buying an additional 2,626 shares during the period. UBS Group AG grew its position in Berry by 27.4% in the third quarter. UBS Group AG now owns 221,722 shares of the energy company’s stock valued at $1,598,000 after acquiring an additional 47,736 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in Berry by 105.2% in the third quarter. BNP Paribas Arbitrage SA now owns 17,818 shares of the energy company’s stock valued at $128,000 after acquiring an additional 9,133 shares in the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.
Several research analysts have recently commented on the stock. KeyCorp raised their price objective on shares of Berry from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Thursday, April 14th. Piper Sandler raised shares of Berry from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $11.00 to $14.00 in a report on Thursday, April 7th. Wells Fargo & Company lifted their target price on shares of Berry from $10.00 to $12.00 and gave the company an “underweight” rating in a report on Monday, March 14th. Finally, Zacks Investment Research raised shares of Berry from a “strong sell” rating to a “hold” rating in a research note on Monday, April 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $12.13.
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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