Berry Petroleum Company LLC (NASDAQ:BRY) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 1,300,000 shares, an increase of 18.2% from the August 15th total of 1,100,000 shares. Based on an average daily volume of 347,000 shares, the short-interest ratio is presently 3.7 days. Currently, 1.7% of the shares of the stock are short sold.
Large investors have recently made changes to their positions in the business. Zebra Capital Management LLC bought a new position in Berry Petroleum in the first quarter worth approximately $37,000. BNP Paribas Arbitrage SA boosted its holdings in Berry Petroleum by 24.0% in the first quarter. BNP Paribas Arbitrage SA now owns 20,881 shares of the energy company's stock worth $50,000 after acquiring an additional 4,036 shares in the last quarter. Marshall Wace North America L.P. bought a new position in Berry Petroleum in the first quarter worth approximately $63,000. Aperio Group LLC boosted its holdings in Berry Petroleum by 74.5% in the first quarter. Aperio Group LLC now owns 40,703 shares of the energy company's stock worth $98,000 after acquiring an additional 17,384 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its holdings in Berry Petroleum by 483.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 60,880 shares of the energy company's stock worth $147,000 after acquiring an additional 50,446 shares in the last quarter. Institutional investors and hedge funds own 92.22% of the company's stock.
Shares of Berry Petroleum stock opened at $3.66 on Wednesday. Berry Petroleum has a one year low of $1.82 and a one year high of $11.72. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.65 and a quick ratio of 1.65. The stock's 50-day moving average is $4.21 and its 200 day moving average is $4.07. The firm has a market cap of $305.11 million, a price-to-earnings ratio of 3.47 and a beta of 2.70.
Berry Petroleum (NASDAQ:BRY) last announced its quarterly earnings results on Tuesday, August 4th. The energy company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.15). The firm had revenue of $33.45 million during the quarter, compared to the consensus estimate of $137.30 million. Berry Petroleum had a positive return on equity of 9.83% and a negative net margin of 19.63%. On average, sell-side analysts expect that Berry Petroleum will post 0.53 EPS for the current fiscal year.
A number of equities analysts have issued reports on the company. Wells Fargo & Company upped their target price on Berry Petroleum from $4.00 to $5.00 and gave the stock an "equal weight" rating in a report on Thursday, June 25th. ValuEngine cut Berry Petroleum from a "hold" rating to a "sell" rating in a research note on Monday, August 3rd. Zacks Investment Research cut Berry Petroleum from a "hold" rating to a "sell" rating in a research note on Tuesday, August 25th. Seaport Global Securities began coverage on Berry Petroleum in a research note on Monday, July 27th. They issued a "neutral" rating for the company. Finally, UBS Group increased their price target on Berry Petroleum from $4.50 to $7.00 and gave the company a "buy" rating in a research note on Monday, June 29th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company's stock. The company currently has a consensus rating of "Hold" and an average target price of $7.34.
Berry Petroleum 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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