Capital One Financial Forecasts Stronger Earnings for Berry

Berry Co. (NASDAQ:BRY) – Investment analysts at Capital One Financial upped their FY2026 EPS estimates for Berry in a note issued to investors on Wednesday, April 30th. Capital One Financial analyst B. Velie now expects that the energy company will earn $0.38 per share for the year, up from their prior forecast of $0.24. The consensus estimate for Berry’s current full-year earnings is $0.58 per share.

Berry Trading Up 0.8 %

Shares of BRY stock opened at $2.59 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. Berry has a twelve month low of $2.11 and a twelve month high of $8.20. The company’s 50-day moving average price is $2.97 and its 200-day moving average price is $3.95. The stock has a market cap of $200.97 million, a price-to-earnings ratio of 2.40 and a beta of 1.34.

Berry (NASDAQ:BRY) last posted its quarterly earnings results on Wednesday, March 12th. The energy company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.12 by $0.09. Berry had a return on equity of 6.50% and a net margin of 9.40%. The firm had revenue of $167.06 million during the quarter, compared to analysts’ expectations of $173.00 million.

Berry Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Saturday, March 22nd were given a $0.03 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.12 annualized dividend and a yield of 4.63%. Berry’s payout ratio is 48.00%.

Institutional Investors Weigh In On Berry

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BRY. Vanguard Group Inc. increased its position in shares of Berry by 12.2% during the 4th quarter. Vanguard Group Inc. now owns 5,980,118 shares of the energy company’s stock worth $24,698,000 after purchasing an additional 652,416 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Berry by 1.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,729,339 shares of the energy company’s stock valued at $11,682,000 after acquiring an additional 35,728 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Berry by 31.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,403,588 shares of the energy company’s stock valued at $9,927,000 after acquiring an additional 571,812 shares during the period. American Century Companies Inc. lifted its holdings in shares of Berry by 11.4% in the 4th quarter. American Century Companies Inc. now owns 2,101,825 shares of the energy company’s stock worth $8,681,000 after acquiring an additional 214,580 shares during the last quarter. Finally, South Dakota Investment Council boosted its position in shares of Berry by 66.4% during the 4th quarter. South Dakota Investment Council now owns 1,958,864 shares of the energy company’s stock worth $8,090,000 after purchasing an additional 781,562 shares during the period. Institutional investors and hedge funds own 94.88% of the company’s stock.

About Berry

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.