FY2022 EPS Estimates for Berry Co. Lifted by Analyst (NASDAQ:BRY)

Berry Co. (NASDAQ:BRYGet Rating) – Research analysts at Capital One Financial raised their FY2022 earnings per share (EPS) estimates for shares of Berry in a research report issued on Wednesday, May 4th. Capital One Financial analyst B. Velie now forecasts that the energy company will post earnings of $1.99 per share for the year, up from their previous forecast of $1.95.

Berry (NASDAQ:BRYGet Rating) last announced its earnings results on Wednesday, May 4th. The energy company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.10. Berry had a negative net margin of 2.85% and a positive return on equity of 3.07%. During the same quarter in the previous year, the business posted $0.07 EPS.

BRY has been the subject of several other research reports. KeyCorp raised their target price on shares of Berry from $12.00 to $13.00 and gave the stock an “overweight” rating in a report on Thursday, April 14th. Piper Sandler raised shares of Berry from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $11.00 to $14.00 in a report on Thursday, April 7th. Wells Fargo & Company lifted their price objective 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 report on Monday, April 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Berry currently has a consensus rating of “Hold” and an average price target of $12.13.

Shares of BRY opened at $10.67 on Friday. Berry has a twelve month low of $4.72 and a twelve month high of $12.85. The company has a 50 day moving average of $10.88 and a two-hundred day moving average of $9.66. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.79.

The business also recently declared a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Tuesday, March 15th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Monday, March 14th. Berry’s dividend payout ratio (DPR) is -37.50%.

Institutional investors have recently added to or reduced their stakes in the company. Dorsey Wright & Associates purchased a new stake in shares of Berry in the 4th quarter valued at approximately $52,000. Citigroup Inc. increased its stake in 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 buying an additional 3,008 shares during the period. Marshall Wace North America L.P. purchased a new stake in Berry during the 1st quarter worth approximately $63,000. Royal Bank of Canada increased its stake in 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 buying an additional 2,626 shares during the period. Finally, Victory Capital Management Inc. purchased a new stake in Berry during the 3rd quarter worth approximately $79,000. 92.68% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading

Earnings History and Estimates for Berry (NASDAQ:BRY)

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