Berry Petroleum (BRY) Downgraded to Strong Sell at ValuEngine

Berry Petroleum (NASDAQ:BRY) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday.

A number of other analysts also recently weighed in on BRY. Zacks Investment Research raised shares of Berry Petroleum from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Monday, October 29th. UBS Group began coverage on shares of Berry Petroleum in a research report on Monday, August 20th. They set a “buy” rating for the company. Piper Jaffray Companies began coverage on shares of Berry Petroleum in a research report on Monday, August 20th. They set an “overweight” rating and a $25.00 price objective for the company. BMO Capital Markets began coverage on shares of Berry Petroleum in a research report on Monday, August 20th. They set an “outperform” rating for the company. Finally, Johnson Rice began coverage on shares of Berry Petroleum in a research report on Monday, August 20th. They set a “buy” rating and a $20.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $20.00.

NASDAQ:BRY opened at $13.96 on Thursday. Berry Petroleum has a fifty-two week low of $6.00 and a fifty-two week high of $18.55.

Berry Petroleum (NASDAQ:BRY) last released its earnings results on Wednesday, November 7th. The energy company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.07). The business had revenue of $142.95 million for the quarter, compared to analyst estimates of $154.10 million. On average, equities research analysts expect that Berry Petroleum will post 1.67 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. CarVal Investors LLC acquired a new stake in shares of Berry Petroleum during the 3rd quarter worth approximately $113,803,000. FMR LLC acquired a new stake in shares of Berry Petroleum during the 3rd quarter worth approximately $86,080,000. Alliancebernstein L.P. acquired a new stake in shares of Berry Petroleum during the 3rd quarter worth approximately $81,686,000. CI Investments Inc. acquired a new stake in shares of Berry Petroleum during the 3rd quarter worth approximately $67,373,000. Finally, BlackRock Inc. acquired a new stake in shares of Berry Petroleum during the 3rd quarter worth approximately $19,936,000. 1.56% of the stock is owned by institutional investors.

Berry Petroleum 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.

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Analyst Recommendations for Berry Petroleum (NASDAQ:BRY)

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