Shares of Berry Petroleum Company LLC (NASDAQ:BRY) have received an average recommendation of “Hold” from the eleven analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $8.25.
BRY has been the subject of several research reports. UBS Group raised their price objective on shares of Berry Petroleum from $4.50 to $7.00 and gave the company a “buy” rating in a research report on Monday. ValuEngine cut shares of Berry Petroleum from a “sell” rating to a “strong sell” rating in a research report on Monday, March 9th. Wells Fargo & Co lifted their price target on shares of Berry Petroleum from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 25th. BidaskClub cut shares of Berry Petroleum from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Finally, Piper Sandler cut shares of Berry Petroleum from an “overweight” rating to a “neutral” rating and set a $4.50 price target for the company. in a research report on Monday, March 9th.
A number of hedge funds and other institutional investors have recently modified their holdings of BRY. Jacobs Levy Equity Management Inc. grew its holdings in Berry Petroleum by 7,306.3% during 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 purchasing an additional 739,694 shares during the period. Bank of New York Mellon Corp grew its holdings 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 valued at $10,784,000 after purchasing an additional 306,550 shares during the period. Nuveen Asset Management LLC grew its holdings in Berry Petroleum by 36.0% during 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 purchasing an additional 276,205 shares during the period. Rafferty Asset Management LLC acquired a new position in Berry Petroleum during the fourth quarter valued at approximately $2,516,000. Finally, Mackay Shields LLC bought a new position in Berry Petroleum in the fourth quarter valued at approximately $2,240,000. Hedge funds and other institutional investors own 96.86% of the company’s stock.
BRY traded up $0.20 during midday trading on Thursday, hitting $4.76. The company had a trading volume of 331,300 shares, compared to its average volume of 735,482. 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 company has a market capitalization of $385.24 million, a PE ratio of -9.66 and a beta of 3.02. Berry Petroleum has a twelve month low of $1.82 and a twelve month high of $11.72. The firm’s 50-day simple moving average is $4.69 and its 200-day simple moving average is $5.52.
Berry Petroleum (NASDAQ:BRY) last posted its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. The firm had revenue of $339.27 million during the quarter, compared to analysts’ expectations of $148.80 million. Berry Petroleum had a negative net margin of 4.58% and a positive return on equity of 11.05%. As a group, sell-side analysts anticipate that Berry Petroleum will post 0.78 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.
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