Capital One Financial Forecasts Lower Earnings for Berry

Berry Corporation (NASDAQ:BRY - Free Report) - Investment analysts at Capital One Financial reduced their Q2 2025 EPS estimates for shares of Berry in a research report issued to clients and investors on Tuesday, July 22nd. Capital One Financial analyst B. Velie now anticipates that the energy company will post earnings per share of ($0.02) for the quarter, down from their previous estimate of $0.08. The consensus estimate for Berry's current full-year earnings is $0.58 per share.

Berry (NASDAQ:BRY - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The energy company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. Berry had a negative net margin of 4.51% and a positive return on equity of 7.36%. The business had revenue of $182.65 million during the quarter, compared to analysts' expectations of $177.00 million.

A number of other analysts have also weighed in on BRY. Johnson Rice upgraded shares of Berry from an "accumulate" rating to a "buy" rating in a research note on Wednesday, May 21st. Piper Sandler reduced their price objective on shares of Berry from $5.00 to $4.00 and set a "neutral" rating for the company in a research note on Thursday, July 17th.

Berry Trading Down 4.2%

Shares of NASDAQ:BRY traded down $0.13 on Thursday, hitting $3.00. The company had a trading volume of 753,311 shares, compared to its average volume of 916,540. The firm's 50-day simple moving average is $2.90 and its two-hundred day simple moving average is $3.31. Berry has a 1 year low of $2.11 and a 1 year high of $6.95. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $232.80 million, a price-to-earnings ratio of -6.38 and a beta of 1.09.

Institutional Investors Weigh In On Berry

A number of hedge funds have recently bought and sold shares of the business. Jane Street Group LLC increased its position in Berry by 357.5% during the fourth quarter. Jane Street Group LLC now owns 187,655 shares of the energy company's stock valued at $775,000 after acquiring an additional 146,634 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new position in Berry during the fourth quarter valued at $1,660,000. American Century Companies Inc. increased its position in Berry by 11.4% during the fourth quarter. American Century Companies Inc. now owns 2,101,825 shares of the energy company's stock valued at $8,681,000 after acquiring an additional 214,580 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in Berry during the first quarter valued at $238,000. Finally, Millennium Management LLC increased its position in Berry by 130.2% during the fourth quarter. Millennium Management LLC now owns 902,743 shares of the energy company's stock valued at $3,728,000 after acquiring an additional 510,512 shares during the last quarter. Hedge funds and other institutional investors own 94.88% of the company's stock.

Berry Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Monday, May 19th were paid 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 of this dividend was Monday, May 19th. Berry's payout ratio is -25.53%.

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.