Berry Co. (NASDAQ:BRY) Short Interest Update

Berry Co. (NASDAQ:BRYGet Rating) was the recipient of a significant decrease in short interest during the month of December. As of December 30th, there was short interest totalling 2,580,000 shares, a decrease of 6.2% from the December 15th total of 2,750,000 shares. Based on an average trading volume of 646,900 shares, the short-interest ratio is currently 4.0 days. Approximately 3.4% of the company’s stock are sold short.

Insider Transactions at Berry

In related news, Director Rajath Shourie bought 10,000 shares of the business’s stock in a transaction dated Thursday, December 15th. The shares were purchased at an average cost of $7.71 per share, with a total value of $77,100.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at approximately $77,100. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, major shareholder Oaktree Capital Management Lp sold 1,000,000 shares of the stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $9.60, for a total transaction of $9,600,000.00. Following the sale, the insider now directly owns 6,797,000 shares of the company’s stock, valued at $65,251,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Rajath Shourie acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, December 15th. The shares were acquired at an average cost of $7.71 per share, for a total transaction of $77,100.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $77,100. The disclosure for this purchase can be found here. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Point72 Hong Kong Ltd bought a new stake in Berry during the 1st quarter valued at approximately $31,000. Great West Life Assurance Co. Can bought a new stake in Berry during the 3rd quarter valued at approximately $33,000. Captrust Financial Advisors raised its stake in Berry by 78.2% during the 1st quarter. Captrust Financial Advisors now owns 4,857 shares of the energy company’s stock valued at $50,000 after purchasing an additional 2,131 shares during the period. Barclays PLC raised its stake in Berry by 122.7% during the 3rd quarter. Barclays PLC now owns 8,961 shares of the energy company’s stock valued at $67,000 after purchasing an additional 4,938 shares during the period. Finally, Lido Advisors LLC bought a new stake in Berry during the 3rd quarter valued at approximately $75,000. Institutional investors own 97.69% of the company’s stock.

Berry Stock Up 1.8 %

BRY stock opened at $9.28 on Tuesday. Berry has a fifty-two week low of $6.78 and a fifty-two week high of $12.85. The business’s 50-day moving average is $8.29 and its two-hundred day moving average is $8.53. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $712.41 million, a price-to-earnings ratio of 4.11 and a beta of 2.23.

Berry (NASDAQ:BRYGet Rating) last posted its earnings results on Wednesday, November 2nd. The energy company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.09. Berry had a return on equity of 22.21% and a net margin of 20.07%. The company had revenue of $376.45 million for the quarter, compared to the consensus estimate of $207.10 million. As a group, analysts forecast that Berry will post 2.08 earnings per share for the current year.

Berry Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 28th. Stockholders of record on Tuesday, November 15th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.59%. The ex-dividend date was Monday, November 14th. Berry’s dividend payout ratio (DPR) is currently 10.62%.

Analyst Upgrades and Downgrades

Several research firms recently commented on BRY. TheStreet raised Berry from a “c” rating to a “b-” rating in a research report on Wednesday, November 2nd. Jefferies Financial Group began coverage on Berry in a research report on Wednesday, October 19th. They set a “buy” rating and a $10.00 price objective on the stock. Finally, Piper Sandler dropped their price objective on Berry from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 18th. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $11.50.

About Berry

(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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