Capital One Financial Forecasts Higher Earnings for Berry

Berry Co. (NASDAQ:BRY - Free Report) - Equities researchers at Capital One Financial boosted their FY2026 earnings estimates for Berry in a research report issued to clients and investors on Tuesday, March 18th. Capital One Financial analyst B. Velie now forecasts that the energy company will post earnings of $0.56 per share for the year, up from their previous estimate of $0.48. The consensus estimate for Berry's current full-year earnings is $0.58 per share.

Berry (NASDAQ:BRY - Get Free Report) last posted its quarterly earnings results on Wednesday, March 12th. The energy company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.09. The firm 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 Trading Down 4.3 %

Shares of Berry stock traded down $0.15 on Wednesday, reaching $3.34. 2,520,012 shares of the company were exchanged, compared to its average volume of 1,081,804. Berry has a fifty-two week low of $3.06 and a fifty-two week high of $8.88. The firm has a market capitalization of $257.90 million, a price-to-earnings ratio of 3.09 and a beta of 1.67. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. The stock has a fifty day moving average price of $4.18 and a 200-day moving average price of $4.54.

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Berry Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Saturday, March 22nd will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend is Friday, March 21st. Berry's dividend payout ratio is 48.00%.

Institutional Investors Weigh In On Berry

Large investors have recently added to or reduced their stakes in the stock. R Squared Ltd acquired a new position in Berry in the 4th quarter valued at $29,000. McIlrath & Eck LLC bought a new position in shares of Berry in the third quarter worth about $47,000. Meeder Asset Management Inc. boosted its stake in Berry by 54.9% during 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 period. Virtus Fund Advisers LLC acquired a new stake in Berry in the 4th quarter valued at approximately $56,000. Finally, EMC Capital Management lifted its holdings in shares of Berry by 149.7% during the fourth quarter. EMC Capital Management now owns 13,780 shares of the energy company's stock worth $57,000 after buying an additional 8,261 shares during the last quarter. Institutional investors own 94.88% of the company's stock.

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.