Berry (NASDAQ:BRY - Get Free Report) is set to issue its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.15 per share for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.
Berry (NASDAQ:BRY - Get Free Report) last released its quarterly earnings data on Friday, August 9th. The energy company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). The firm had revenue of $197.80 million for the quarter, compared to the consensus estimate of $187.38 million. Berry had a negative net margin of 4.19% and a positive return on equity of 6.69%. The business's revenue for the quarter was down 13.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.15 earnings per share. On average, analysts expect Berry to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Berry Stock Performance
BRY traded down $0.07 during trading on Thursday, reaching $5.02. 855,594 shares of the company's stock were exchanged, compared to its average volume of 1,034,026. The company has a market capitalization of $386.23 million, a P/E ratio of -11.67 and a beta of 1.72. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.64. The business has a 50 day moving average price of $5.45 and a 200 day moving average price of $6.41. Berry has a fifty-two week low of $4.82 and a fifty-two week high of $8.88.
Berry Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 23rd were paid a $0.12 dividend. The ex-dividend date was Friday, August 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 9.56%. Berry's payout ratio is currently -111.63%.
Analyst Upgrades and Downgrades
Separately, Piper Sandler lowered their price objective on Berry from $8.00 to $7.00 and set a "neutral" rating on the stock in a research note on Thursday, August 15th.
View Our Latest Report on BRY
Insider Activity
In other news, CEO Fernando Araujo sold 33,950 shares of Berry stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $6.22, for a total value of $211,169.00. Following the completion of the transaction, the chief executive officer now owns 253,045 shares in the company, valued at approximately $1,573,939.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.00% of the stock is owned by corporate insiders.
About Berry
(
Get Free Report)
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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