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

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

Berry Stock Performance

Shares of BRY stock traded up $0.01 during trading hours on Thursday, reaching $8.04. The company had a trading volume of 1,658,959 shares, compared to its average volume of 985,041. The business has a fifty day moving average price of $7.90 and a 200-day moving average price of $7.39. The firm has a market cap of $618.60 million, a PE ratio of 17.59 and a beta of 1.77. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.63 and a current ratio of 0.63. Berry has a one year low of $6.22 and a one year high of $8.94.

Berry Increases Dividend

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

Analyst Upgrades and Downgrades

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

About Berry

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.