Berry Petroleum (BRY) Set to Announce Earnings on Wednesday

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Berry Petroleum (NASDAQ:BRY) is scheduled to be announcing its earnings results after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.39 per share for the quarter.

Berry Petroleum (NASDAQ:BRY) last posted its quarterly earnings results on Wednesday, May 8th. The energy company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). Berry Petroleum had a net margin of 18.84% and a return on equity of 13.15%. The firm had revenue of $76.54 million during the quarter, compared to analysts’ expectations of $146.13 million. On average, analysts expect Berry Petroleum to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Berry Petroleum stock opened at $8.81 on Tuesday. The company has a 50 day moving average price of $10.29. Berry Petroleum has a 1-year low of $7.87 and a 1-year high of $18.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $721.35 million and a PE ratio of 6.99.

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 14th were paid a $0.12 dividend. The ex-dividend date was Thursday, June 13th. This represents a $0.48 annualized dividend and a dividend yield of 5.45%. Berry Petroleum’s dividend payout ratio (DPR) is 38.10%.

In other news, Director Benefit Street Partners Llc sold 5,085,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $9.84, for a total value of $50,036,400.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.59% of the company’s stock.

Several analysts have recently weighed in on BRY shares. Capital One Financial raised shares of Berry Petroleum from an “equal weight” rating to an “overweight” rating in a research note on Thursday, May 23rd. UBS Group set a $14.00 price target on shares of Berry Petroleum and gave the company a “buy” rating in a research note on Thursday, June 20th. Finally, Zacks Investment Research cut shares of Berry Petroleum from a “buy” rating to a “hold” rating in a research note on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $16.67.

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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Earnings History for Berry Petroleum (NASDAQ:BRY)

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