Berry Petroleum (NASDAQ:BRY)‘s stock had its “hold” rating restated by analysts at Wells Fargo & Co in a note issued to investors on Friday, AnalystRatings.com reports.
A number of other equities analysts also recently issued reports on BRY. KeyCorp downgraded Berry Petroleum from a “sector weight” rating to an “underweight” rating and set a $6.50 target price for the company. in a research note on Tuesday, November 19th. Johnson Rice downgraded Berry Petroleum from a “buy” rating to an “accumulate” rating in a research note on Tuesday, November 19th. Tudor Pickering lowered Berry Petroleum from a “buy” rating to a “hold” rating and set a $11.00 price objective on the stock. in a report on Wednesday, November 20th. Evercore ISI started coverage on Berry Petroleum in a research report on Wednesday, November 20th. They issued a “hold” rating and a $12.00 price objective for the company. Finally, ValuEngine upgraded Berry Petroleum from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $10.81.
Shares of Berry Petroleum stock traded up $0.20 on Friday, reaching $8.51. 1,152,692 shares of the stock were exchanged, compared to its average volume of 830,280. Berry Petroleum has a 1-year low of $6.87 and a 1-year high of $13.29. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.40. The business has a fifty day moving average price of $9.38 and a two-hundred day moving average price of $9.69. The firm has a market capitalization of $645.55 million, a PE ratio of 6.75, a PEG ratio of 0.39 and a beta of 2.32.
Berry Petroleum (NASDAQ:BRY) last announced its quarterly earnings data on Thursday, November 7th. The energy company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.01. Berry Petroleum had a net margin of 25.26% and a return on equity of 11.49%. The firm had revenue of $194.67 million during the quarter, compared to the consensus estimate of $160.70 million. Research analysts expect that Berry Petroleum will post 1.35 EPS for the current year.
In other news, Director Benefit Street Partners Llc sold 1,100,000 shares of Berry Petroleum stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $11.30, for a total transaction of $12,430,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anne L. Mariucci acquired 13,403 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was acquired at an average price of $7.47 per share, for a total transaction of $100,120.41. Following the completion of the transaction, the director now directly owns 19,772 shares in the company, valued at $147,696.84. The disclosure for this purchase can be found here. Insiders have bought a total of 54,403 shares of company stock worth $389,270 in the last three months. Corporate insiders own 0.59% of the company’s stock.
A number of large investors have recently bought and sold shares of BRY. Marshall Wace North America L.P. acquired a new position in Berry Petroleum during the first quarter worth about $63,000. Bank of Montreal Can lifted its holdings in shares of Berry Petroleum by 496.1% in the second quarter. Bank of Montreal Can now owns 6,122 shares of the energy company’s stock worth $65,000 after acquiring an additional 5,095 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Berry Petroleum in the second quarter worth about $66,000. Fox Run Management L.L.C. acquired a new stake in shares of Berry Petroleum in the 3rd quarter valued at approximately $97,000. Finally, D. E. Shaw & Co. Inc. acquired a new stake in shares of Berry Petroleum in the 2nd quarter valued at approximately $132,000. Hedge funds and other institutional investors own 98.02% of the company’s stock.
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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