Berry Petroleum Company LLC (NASDAQ:BRY) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 2,290,000 shares, an increase of 11.7% from the April 30th total of 2,050,000 shares. Based on an average daily volume of 796,800 shares, the short-interest ratio is presently 2.9 days. Currently, 2.9% of the shares of the company are sold short.
Large investors have recently bought and sold shares of the business. Alliancebernstein L.P. lifted its holdings in Berry Petroleum by 0.6% in the 4th quarter. Alliancebernstein L.P. now owns 3,829,720 shares of the energy company’s stock valued at $36,114,000 after purchasing an additional 22,643 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of Berry Petroleum by 12.3% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 1,632,700 shares of the energy company’s stock valued at $15,396,000 after buying an additional 178,490 shares during the last quarter. State Street Corp lifted its stake in shares of Berry Petroleum by 9.5% in the fourth quarter. State Street Corp now owns 1,349,787 shares of the energy company’s stock worth $12,888,000 after buying an additional 117,500 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Berry Petroleum by 36.6% during the fourth quarter. Bank of New York Mellon Corp now owns 1,143,572 shares of the energy company’s stock worth $10,784,000 after acquiring an additional 306,550 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its stake in Berry Petroleum by 36.0% during the 4th 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 in the last quarter.
A number of equities analysts have weighed in on the company. KeyCorp upgraded Berry Petroleum from an “underweight” rating to a “sector weight” rating in a research note on Thursday, February 6th. Wells Fargo & Co reissued a “hold” rating on shares of Berry Petroleum in a report on Thursday, May 14th. Piper Sandler lowered Berry Petroleum from an “overweight” rating to a “neutral” rating and set a $4.50 price objective on the stock. in a research report on Monday, March 9th. BidaskClub raised shares of Berry Petroleum from a “sell” rating to a “hold” rating in a report on Thursday. Finally, ValuEngine downgraded shares of Berry Petroleum from a “sell” rating to a “strong sell” rating in a report on Monday, March 9th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $6.59.
Shares of NASDAQ BRY opened at $4.42 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.19 and a current ratio of 2.19. The firm has a fifty day moving average of $2.98 and a 200 day moving average of $6.32. The firm has a market cap of $352.54 million, a PE ratio of -8.84 and a beta of 2.95. Berry Petroleum has a one year low of $1.82 and a one year high of $11.72.
Berry Petroleum (NASDAQ:BRY) last announced its earnings results on Wednesday, May 6th. The energy company reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.04. Berry Petroleum had a negative net margin of 4.58% and a positive return on equity of 11.05%. The business had revenue of $339.27 million for the quarter, compared to analyst estimates of $148.80 million. On average, equities analysts predict that Berry Petroleum will post 0.86 EPS for the current fiscal year.
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.
Featured Story: The basics of gap trading strategies
Receive News & Ratings for Berry Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Berry Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.