Berry (NASDAQ:BRY - Get Free Report) was upgraded by research analysts at Johnson Rice from an "accumulate" rating to a "buy" rating in a report issued on Wednesday, Marketbeat reports.
Berry Stock Performance
NASDAQ BRY remained flat at $2.49 during trading on Wednesday. The company's stock had a trading volume of 1,040,538 shares, compared to its average volume of 1,102,380. Berry has a 12-month low of $2.11 and a 12-month high of $7.03. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.80 and a quick ratio of 0.80. The company has a 50 day moving average price of $2.71 and a 200-day moving average price of $3.68. The firm has a market cap of $193.21 million, a P/E ratio of 2.31 and a beta of 1.15.
Berry (NASDAQ:BRY - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The energy company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. The business had revenue of $182.65 million for the quarter, compared to analyst estimates of $177.00 million. Berry had a net margin of 9.40% and a return on equity of 6.50%. As a group, equities analysts anticipate that Berry will post 0.58 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of BRY. Acadian Asset Management LLC boosted its holdings in shares of Berry by 82.8% in the 1st quarter. Acadian Asset Management LLC now owns 1,164,123 shares of the energy company's stock valued at $3,731,000 after buying an additional 527,463 shares during the last quarter. Empowered Funds LLC raised its position in Berry by 7.3% during the first quarter. Empowered Funds LLC now owns 437,626 shares of the energy company's stock worth $1,405,000 after acquiring an additional 29,794 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in Berry in the first quarter valued at $41,000. Jacobs Levy Equity Management Inc. grew its position in shares of Berry by 14.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,319,210 shares of the energy company's stock valued at $4,235,000 after acquiring an additional 170,764 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Berry by 46.6% during the 1st quarter. AQR Capital Management LLC now owns 1,396,710 shares of the energy company's stock worth $4,483,000 after purchasing an additional 444,155 shares during the last quarter. 94.88% of the stock is currently owned by institutional investors.
About Berry
(
Get Free Report)
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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