Shares of Berry Petroleum Company LLC (NASDAQ:BRY) have earned a consensus recommendation of “Buy” from the twelve analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $16.00.
Several brokerages have recently weighed in on BRY. Zacks Investment Research raised Berry Petroleum from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Wednesday, May 29th. Capital One Financial raised Berry Petroleum from an “equal weight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Finally, ValuEngine lowered Berry Petroleum from a “sell” rating to a “strong sell” rating in a research report on Monday, April 1st.
In other news, Director Benefit Street Partners Llc sold 5,085,000 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $9.84, for a total transaction of $50,036,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.59% of the stock is currently owned by company insiders.
BRY stock opened at $10.51 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $860.56 million and a price-to-earnings ratio of 8.34. Berry Petroleum has a 1 year low of $7.87 and a 1 year high of $18.55.
Berry Petroleum (NASDAQ:BRY) last posted its quarterly earnings results on Wednesday, May 8th. The energy company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). Berry Petroleum had a net margin of 18.84% and a return on equity of 13.15%. The company had revenue of $76.54 million during the quarter, compared to analyst estimates of $146.13 million. Equities analysts forecast that Berry Petroleum will post 1.56 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 14th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend is Thursday, June 13th. Berry Petroleum’s dividend payout ratio (DPR) is presently 38.10%.
About Berry Petroleum
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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