Capital One Financial Lifts Earnings Estimates for Berry

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

Berry Trading Down 2.6 %

NASDAQ BRY traded down $0.07 during trading hours on Friday, hitting $2.40. 344,541 shares of the company's stock were exchanged, compared to its average volume of 1,118,181. The business's 50 day moving average is $2.91 and its 200-day moving average is $3.91. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 0.80. Berry has a 12-month low of $2.11 and a 12-month high of $7.97. The firm has a market capitalization of $185.84 million, a P/E ratio of 2.22 and a beta of 1.15.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BRY. South Dakota Investment Council increased its position 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 purchasing an additional 781,562 shares in the last quarter. Susquehanna International Group LLP boosted its position in shares of Berry by 964.4% in the fourth quarter. Susquehanna International Group LLP now owns 835,592 shares of the energy company's stock worth $3,451,000 after buying an additional 757,087 shares during the period. Vanguard Group Inc. raised 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 buying an additional 652,416 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Berry by 31.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,403,588 shares of the energy company's stock valued at $9,927,000 after acquiring an additional 571,812 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Berry by 94.5% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,148,446 shares of the energy company's stock valued at $4,743,000 after purchasing an additional 557,842 shares during the period. Institutional investors and hedge funds own 94.88% of the company's stock.

Berry Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Saturday, March 22nd were issued a $0.03 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 5.01%. Berry's dividend payout ratio (DPR) is presently 48.00%.

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.