Berry (NASDAQ:BRY) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Berry (NASDAQ:BRY) announced its quarterly earnings data on Wednesday. The energy company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.04), Briefing.com reports. The company had revenue of $202.31 million during the quarter, compared to analyst estimates of $182.65 million. Berry had a return on equity of 5.27% and a net margin of 4.14%. The company’s revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.07 EPS.

Berry Stock Performance

Berry stock traded up $0.06 on Thursday, hitting $8.09. The company’s stock had a trading volume of 800,161 shares, compared to its average volume of 972,682. Berry has a one year low of $6.22 and a one year high of $8.94. The firm has a market cap of $622.44 million, a P/E ratio of 17.37 and a beta of 1.77. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.56. The company has a fifty day moving average price of $7.90 and a 200-day moving average price of $7.39.

Berry Increases Dividend

The company also recently announced a None dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 15th were given a $0.26 dividend. This is a boost from Berry’s previous None dividend of $0.21. This represents a yield of 6.7%. The ex-dividend date was Thursday, March 14th. Berry’s dividend payout ratio (DPR) is 104.35%.

Analyst Upgrades and Downgrades

Separately, TheStreet upgraded shares of Berry from a “c” rating to a “b-” rating in a report on Friday, March 8th.

Berry Company Profile

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.