Q2 EPS Estimates for Berry Reduced by Capital One Financial

Berry Corporation (NASDAQ:BRY - Free Report) - Equities research analysts at Capital One Financial lowered their Q2 2025 EPS estimates for Berry in a report released on Tuesday, July 22nd. Capital One Financial analyst B. Velie now expects that the energy company will post earnings of ($0.02) per share for the quarter, down from their prior forecast of $0.08. The consensus estimate for Berry's current full-year earnings is $0.58 per share.

Several other equities analysts have also commented on BRY. Piper Sandler cut their price target on Berry from $5.00 to $4.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. Johnson Rice raised shares of Berry from an "accumulate" rating to a "buy" rating in a research report on Wednesday, May 21st.

Berry Stock Down 4.2%

NASDAQ BRY traded down $0.13 on Thursday, reaching $3.00. 753,311 shares of the stock traded hands, compared to its average volume of 916,540. Berry has a 12 month low of $2.11 and a 12 month high of $6.95. The company has a market cap of $232.79 million, a price-to-earnings ratio of -6.38 and a beta of 1.09. The company has a fifty day moving average price of $2.90 and a 200-day moving average price of $3.30. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.88 and a current ratio of 0.88.

Berry (NASDAQ:BRY - Get Free Report) last issued its earnings results 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 negative net margin of 4.51% and a positive return on equity of 7.36%.

Hedge Funds Weigh In On Berry

A number of large investors have recently added to or reduced their stakes in BRY. Price T Rowe Associates Inc. MD raised its stake in Berry by 15.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 28,183 shares of the energy company's stock valued at $117,000 after buying an additional 3,714 shares during the last quarter. Meeder Asset Management Inc. raised its position in shares of Berry by 54.9% in the 4th quarter. Meeder Asset Management Inc. now owns 12,114 shares of the energy company's stock valued at $50,000 after purchasing an additional 4,294 shares during the last quarter. CWM LLC boosted its stake in Berry by 51.1% in the 1st quarter. CWM LLC now owns 16,398 shares of the energy company's stock worth $53,000 after purchasing an additional 5,547 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of Berry by 4.8% in the second quarter. SummerHaven Investment Management LLC now owns 126,995 shares of the energy company's stock worth $352,000 after buying an additional 5,813 shares during the last quarter. Finally, Virtus ETF Advisers LLC grew its holdings in shares of Berry by 25.1% during the fourth quarter. Virtus ETF Advisers LLC now owns 32,690 shares of the energy company's stock valued at $135,000 after buying an additional 6,563 shares during the last quarter. 94.88% of the stock is currently owned by institutional investors.

Berry Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Monday, May 19th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date was Monday, May 19th. Berry's payout ratio is currently -25.53%.

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.