Berry (BRY) Set to Announce Earnings on Thursday

Berry (NASDAQ:BRY) will release its earnings data before the market opens on Thursday, November 7th. Analysts expect Berry to post earnings of $0.15 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Berry (NASDAQ:BRY) last announced its quarterly earnings data on Friday, August 9th. The energy company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). The firm had revenue of $197.80 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 13.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.15 EPS. On average, analysts expect Berry to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Berry Stock Up 2.1 %

Shares of Berry stock opened at $5.31 on Wednesday. Berry has a 1 year low of $4.82 and a 1 year high of $8.88. The firm has a market cap of $408.55 million, a price-to-earnings ratio of -12.35 and a beta of 1.72. The company has a 50-day moving average of $5.37 and a 200 day moving average of $6.30. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.62 and a quick ratio of 0.62.

Berry Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 23rd were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 9.04%. The ex-dividend date was Friday, August 23rd. Berry’s payout ratio is -111.63%.

Insider Activity

In other Berry news, CEO Fernando Araujo sold 33,950 shares of Berry stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $6.22, for a total value of $211,169.00. Following the completion of the sale, the chief executive officer now owns 253,045 shares of the company’s stock, valued at approximately $1,573,939.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler lowered their price target on Berry from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th.

Berry Company Profile

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.