Berry Petroleum (NASDAQ:BRY) had its price objective upped by equities research analysts at UBS Group from $4.50 to $7.00 in a report issued on Monday, BenzingaRatingsTable reports. The brokerage currently has a “buy” rating on the energy company’s stock. UBS Group’s price objective points to a potential upside of 47.06% from the company’s previous close.
Other analysts have also issued reports about the stock. Wells Fargo & Co upped 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 report on Thursday, June 25th. ValuEngine cut Berry Petroleum from a “sell” rating to a “strong sell” rating in a report on Monday, March 9th. Zacks Investment Research downgraded Berry Petroleum from a “buy” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Piper Sandler cut Berry Petroleum from an “overweight” rating to a “neutral” rating and set a $4.50 price objective for the company. in a research report on Monday, March 9th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. Berry Petroleum has an average rating of “Hold” and an average price target of $7.28.
Shares of NASDAQ BRY opened at $4.76 on Monday. 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 stock has a 50 day moving average price of $4.70 and a 200 day moving average price of $5.49. The stock has a market capitalization of $385.24 million, a PE ratio of -9.52 and a beta of 3.02. Berry Petroleum has a 52 week low of $1.82 and a 52 week high of $11.72.
Berry Petroleum (NASDAQ:BRY) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The company had revenue of $339.27 million for the quarter, compared to analysts’ expectations of $148.80 million. Berry Petroleum had a positive return on equity of 11.05% and a negative net margin of 4.58%. As a group, research analysts forecast that Berry Petroleum will post 0.78 EPS for the current year.
Several large investors have recently modified their holdings of the company. NumerixS Investment Technologies Inc increased its position in Berry Petroleum by 119.5% during the 4th quarter. NumerixS Investment Technologies Inc now owns 2,900 shares of the energy company’s stock worth $27,000 after buying an additional 1,579 shares during the period. Acadian Asset Management LLC bought a new position in Berry Petroleum during the fourth quarter worth about $28,000. Marshall Wace North America L.P. acquired a new stake in Berry Petroleum in the 1st quarter worth about $63,000. Great West Life Assurance Co. Can bought a new stake in Berry Petroleum in the 4th quarter valued at about $71,000. Finally, Bank of Montreal Can grew its position in shares of Berry Petroleum by 43.6% during the 4th quarter. Bank of Montreal Can now owns 8,416 shares of the energy company’s stock worth $80,000 after purchasing an additional 2,557 shares in the last quarter. Institutional investors own 96.86% of the company’s stock.
About Berry Petroleum
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: What is the return on assets formula?
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.