Capital One Financial Forecasts Higher Earnings for Berry

Berry Co. (NASDAQ:BRY - Free Report) - Analysts at Capital One Financial increased their FY2026 EPS estimates for Berry in a research report issued to clients and investors on Wednesday, April 30th. Capital One Financial analyst B. Velie now forecasts that the energy company will post earnings per share of $0.38 for the year, up from their prior estimate of $0.24. The consensus estimate for Berry's current full-year earnings is $0.58 per share.

Berry Price Performance

Berry stock opened at $2.57 on Friday. The firm has a market capitalization of $199.42 million, a P/E ratio of 2.38 and a beta of 1.34. The business has a 50-day moving average of $3.01 and a 200-day moving average of $3.97. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. Berry has a 1 year low of $2.11 and a 1 year high of $8.21.

Berry (NASDAQ:BRY - Get Free Report) last posted its quarterly earnings results on Wednesday, March 12th. The energy company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.09. Berry had a return on equity of 6.50% and a net margin of 9.40%. The business had revenue of $167.06 million for the quarter, compared to analyst estimates of $173.00 million.

Hedge Funds Weigh In On Berry

A number of hedge funds and other institutional investors have recently made changes to their positions in BRY. South Dakota Investment Council raised its stake in Berry by 66.4% during the 4th quarter. South Dakota Investment Council now owns 1,958,864 shares of the energy company's stock worth $8,090,000 after buying an additional 781,562 shares during the period. Susquehanna International Group LLP raised its position in shares of Berry by 964.4% during the fourth quarter. Susquehanna International Group LLP now owns 835,592 shares of the energy company's stock worth $3,451,000 after purchasing an additional 757,087 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Berry by 12.2% during the 4th quarter. Vanguard Group Inc. now owns 5,980,118 shares of the energy company's stock valued at $24,698,000 after purchasing an additional 652,416 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Berry by 31.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,403,588 shares of the energy company's stock valued at $9,927,000 after purchasing an additional 571,812 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its stake in Berry by 94.5% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,148,446 shares of the energy company's stock worth $4,743,000 after purchasing an additional 557,842 shares in the last quarter. 94.88% of the stock is owned by institutional investors.

Berry Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Saturday, March 22nd were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 4.67%. The ex-dividend date was Friday, March 21st. Berry's payout ratio is presently 48.00%.

Berry 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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