Berry (BRY) Stock Price, News & Analysis

Company Overview

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. Texas), Utah (Uinta) and Colorado (Piceance). The Company’s operations are conducted in the continental United States. In December 2013, Linn Energy LLC and Linn Co, LLC (Linn Co) announced the completion of the merger between LinnCo and Berry Petroleum Company (Berry), where LinnCo had acquired all of Berry's interest.

Key Stats

• Today's Range: $4.10 to $4.28
• 50-Day Range: $4.20 to $5.58
• 52-Week Range: $4.10 to $8.88
• Volume: 1.38 million shs
• Average Volume: 1.07 million shs
• Market Capitalization: $322.37 million
• P/E Ratio: 3.88
• Dividend Yield: 2.86%
• Price Target: $5.00
• Consensus Rating: Hold

Berry Stock Analysis - MarketRank™

Berry scored higher than 81% of companies evaluated by MarketBeat, and ranked 74th out of 264 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.0 / 5
• Analyst Rating: Hold

Consensus Rating

Berry has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Berry has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: -3.28%

Earnings Growth

Earnings for Berry are expected to decrease by -3.28% in the coming year, from $0.61 to $0.59 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Berry is 3.88, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.48.

Price to Earnings Ratio vs. Sector

The P/E ratio of Berry is 3.88, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 17.29.

Price to Book Value per Share Ratio

Berry has a P/B Ratio of 0.42. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.17% of the float of Berry has been sold short.

Short Interest Ratio / Days to Cover

Berry has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Berry has recently decreased by 13.14%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Berry pays a meaningful dividend of 2.75%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Berry does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Berry is 11.11%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Berry will have a dividend payout ratio of 20.34% next year. This indicates that Berry will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.3 / 5
• Environmental Score: -7.38

Percentage of Shares Shorted

3.17% of the float of Berry has been sold short.

Short Interest Ratio / Days to Cover

Berry has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Berry has recently decreased by 13.14%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.32

News Sentiment

Berry has a news sentiment score of 0.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.66 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Berry this week, compared to 3 articles on an average week.

Search Interest

Only 4 people have searched for BRY on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Berry insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $211,169.00 in company stock.

Percentage Held by Insiders

Only 1.00% of the stock of Berry is held by insiders.

Percentage Held by Institutions

94.88% of the stock of Berry is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BRY Stock Analysis - Frequently Asked Questions

How have BRY shares performed this year?

Berry's stock was trading at $7.03 at the beginning of 2024. Since then, BRY shares have decreased by 40.4% and is now trading at $4.19.
View the best growth stocks for 2024 here.

How were Berry's earnings last quarter?

Berry Co. (NASDAQ:BRY) posted its earnings results on Thursday, November, 7th. The energy company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.01. Berry's revenue for the quarter was up 31.3% on a year-over-year basis.

Does Berry have any subsidiaries?

Berry subsidiaries include RPC Group, Laddawn Inc., Clopay Plastic Products Company Inc., AEP Industries, Frans Nooren Beheer B.V. (STOPAQ), Rexam SBC, 159422 Canada Inc., and others.

When did Berry IPO?

Berry (BRY) raised $301 million in an initial public offering on Thursday, July 26th 2018. The company issued 18,800,000 shares at a price of $15.00-$17.00 per share. Goldman Sachs, Wells Fargo Securities and BMO Capital Markets served as the underwriters for the IPO.

Who are Berry's major shareholders?

Berry's top institutional shareholders include Hotchkis & Wiley Capital Management LLC (4.33%), State Street Corp (3.90%), Allspring Global Investments Holdings LLC (3.50%) and Geode Capital Management LLC (2.47%). Insiders that own company stock include Benefit Street Partners Llc, Oaktree Capital Management Lp, Arthur T Smith, Fernando Araujo, Danielle E Hunter and Rajath Shourie.
View institutional ownership trends.

How do I buy shares of Berry?

Shares of BRY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Berry own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Berry investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), Arista Networks (ANET) and ServiceNow (NOW).

Company Calendar

• Ex-Dividend for 8/30 Dividend: 8/23/2024
• Dividend Payable: 8/30/2024
• Last Earnings: 11/07/2024
• Ex-Dividend for 11/25 Dividend: 11/15/2024
• Today: 11/20/2024
• Dividend Payable: 11/25/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/05/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Oils/Energy
• Industry: Crude petroleum & natural gas
• Sub-Industry: Oil & Gas Exploration & Production
• Current Symbol: NASDAQ:BRY
• CUSIP: 08578910
• CIK: 778438
• Web: www.berrypetroleum.com
• Phone: 661-616-3900
• Fax: N/A
• Employees: 1,282
• Year Founded: 1967

Price Target and Rating

• Average Stock Price Target: $5.00
• High Stock Price Target: $5.00
• Low Stock Price Target: $5.00
• Potential Upside/Downside: +19.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.08
• Trailing P/E Ratio: 3.88
• Forward P/E Ratio: 6.87
• P/E Growth: N/A
• Net Income: $37.40 million
• Net Margins: 9.40%
• Pretax Margin: 13.10%
• Return on Equity: 6.50%
• Return on Assets: 2.98%

Debt

• Debt-to-Equity Ratio: 0.54
• Current Ratio: 0.80
• Quick Ratio: 0.80

Sales & Book Value

• Annual Sales: $903.46 million
• Price / Sales: 0.36
• Cash Flow: $2.62 per share
• Price / Cash Flow: 1.60
• Book Value: $10.02 per share
• Price / Book: 0.42

Miscellaneous

• Outstanding Shares: 76,940,000
• Free Float: 76,170,000
• Market Cap: $322.38 million
• Optionable: Optionable
• Beta: 1.72