Berry (NASDAQ:BRY - Get Free Report) released its quarterly earnings results on Wednesday. The energy company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.09, Zacks reports. The business had revenue of $167.06 million for the quarter, compared to analyst estimates of $173.00 million. Berry had a net margin of 9.40% and a return on equity of 6.50%.
Berry Price Performance
Shares of NASDAQ:BRY traded up $0.17 during midday trading on Friday, hitting $3.39. The stock had a trading volume of 1,080,261 shares, compared to its average volume of 1,084,351. The company's 50-day moving average price is $4.31 and its 200-day moving average price is $4.66. The company has a market capitalization of $260.44 million, a P/E ratio of 3.13 and a beta of 1.67. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.54. Berry has a fifty-two week low of $3.06 and a fifty-two week high of $8.88.
Berry Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Saturday, March 22nd will be paid a dividend of $0.03 per share. The ex-dividend date is Friday, March 21st. This represents a $0.12 dividend on an annualized basis and a yield of 3.55%. Berry's payout ratio is 11.11%.
Analyst Ratings Changes
Separately, Piper Sandler reduced their price target on Berry from $7.00 to $5.00 and set a "neutral" rating on the stock in a research report on Monday, November 18th.
Get Our Latest Research Report on Berry
Berry Company Profile
(
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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.
Further Reading
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