Berry Petroleum Company LLC (NASDAQ:BRY) saw an uptick in trading volume on Monday . 1,741,440 shares traded hands during mid-day trading, an increase of 115% from the previous session’s volume of 808,885 shares.The stock last traded at $10.77 and had previously closed at $9.83.
A number of research firms have recently commented on BRY. Capital One Financial raised shares of Berry Petroleum from an “equal weight” rating to an “overweight” rating in a research note on Thursday, May 23rd. Zacks Investment Research lowered shares of Berry Petroleum from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 21st. Finally, UBS Group set a $14.00 target price on shares of Berry Petroleum and gave the company a “buy” rating in a report on Thursday, June 20th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $12.75.
The firm has a market cap of $872.08 million, a price-to-earnings ratio of 8.55, a PEG ratio of 0.47 and a beta of 2.41. The firm’s fifty day moving average price is $8.72 and its 200-day moving average price is $10.64. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.42.
Berry Petroleum (NASDAQ:BRY) last released its earnings results on Wednesday, August 7th. The energy company reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.11). The firm had revenue of $170.07 million during the quarter, compared to analyst estimates of $148.70 million. Berry Petroleum had a return on equity of 12.64% and a net margin of 24.87%. On average, sell-side analysts expect that Berry Petroleum Company LLC will post 1.38 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.48 annualized dividend and a yield of 4.46%. Berry Petroleum’s dividend payout ratio (DPR) is currently 38.10%.
Several institutional investors have recently added to or reduced their stakes in BRY. Nisa Investment Advisors LLC acquired a new stake in shares of Berry Petroleum in the second quarter worth approximately $53,000. Marshall Wace North America L.P. acquired a new position in Berry Petroleum during the first quarter valued at approximately $63,000. Bank of Montreal Can lifted its position in Berry Petroleum by 496.1% during the second quarter. Bank of Montreal Can now owns 6,122 shares of the energy company’s stock valued at $65,000 after buying an additional 5,095 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Berry Petroleum during the second quarter valued at approximately $66,000. Finally, Versant Capital Management Inc purchased a new stake in shares of Berry Petroleum during the second quarter valued at approximately $67,000. 98.58% of the stock is currently owned by institutional investors.
About Berry Petroleum (NASDAQ:BRY)
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.
Further Reading: What Does a Sell-Side Analyst Rating Mean?
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