Berry Petroleum Company LLC (NASDAQ:BRY)’s share price traded up 2.3% during mid-day trading on Wednesday . The stock traded as high as $2.64 and last traded at $2.67, 20,063 shares traded hands during trading. A decline of 98% from the average session volume of 1,099,621 shares. The stock had previously closed at $2.61.
Several research analysts have issued reports on the company. Wells Fargo & Co dropped their price objective on Berry Petroleum from $5.00 to $3.00 and set an “equal weight” rating for the company in a research note on Thursday, March 19th. KeyCorp upgraded Berry Petroleum from an “underweight” rating to a “sector weight” rating in a report on Thursday, February 6th. ValuEngine cut Berry Petroleum from a “sell” rating to a “strong sell” rating in a report on Monday, March 9th. Piper Sandler cut Berry Petroleum from an “overweight” rating to a “neutral” rating and set a $4.50 target price on the stock. in a report on Monday, March 9th. Finally, Zacks Investment Research cut Berry Petroleum from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $8.47.
The firm has a fifty day moving average price of $5.39 and a 200 day moving average price of $8.18. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.41. The company has a market cap of $207.62 million, a P/E ratio of 4.57 and a beta of 2.10.
Berry Petroleum (NASDAQ:BRY) last announced its earnings results on Wednesday, February 26th. The energy company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. The company had revenue of $118.13 million for the quarter, compared to analysts’ expectations of $174.30 million. Berry Petroleum had a return on equity of 11.42% and a net margin of 7.78%. On average, sell-side analysts anticipate that Berry Petroleum Company LLC will post 1.18 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 13th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 19.83%. The ex-dividend date is Thursday, March 12th. Berry Petroleum’s payout ratio is presently 35.56%.
A number of institutional investors have recently bought and sold shares of BRY. Jacobs Levy Equity Management Inc. boosted its holdings in Berry Petroleum by 7,306.3% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 749,818 shares of the energy company’s stock valued at $7,071,000 after acquiring an additional 739,694 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Berry Petroleum by 36.6% in the fourth quarter. Bank of New York Mellon Corp now owns 1,143,572 shares of the energy company’s stock valued at $10,784,000 after acquiring an additional 306,550 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in Berry Petroleum by 36.0% in the fourth quarter. Nuveen Asset Management LLC now owns 1,042,998 shares of the energy company’s stock valued at $9,835,000 after acquiring an additional 276,205 shares during the last quarter. Rafferty Asset Management LLC bought a new position in Berry Petroleum in the fourth quarter valued at about $2,516,000. Finally, Hancock Whitney Corp bought a new position in Berry Petroleum in the fourth quarter valued at about $2,420,000. Institutional investors and hedge funds own 99.51% of the company’s stock.
Berry Petroleum Company Profile (NASDAQ:BRY)
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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