Berry Corp [BRY] stock is trading at $7.14, up 1.56%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BRY shares have gain 5.00% over the last week, with a monthly amount glided 3.33%, and seem to be holding up well over a long-time horizon.
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On 18, January 2024, Berry Corporation Releases Select Preliminary 2023 Results and Schedules Fourth Quarter and Full Year 2023 Earnings Release and Conference Call for March 6. In a post published today on Yahoo Finance, Berry Corporation (NASDAQ: BRY) (“Berry”, or the “Company”) today announced select preliminary full year 2023 production and year-end proved reserves data. The Company also reported that it completed a small scale, all cash bolt-on acquisition at year-end 2023 in line with corporate strategy, while reducing revolver debt in the fourth quarter 2023. The Company also scheduled its fourth quarter and full year 2023 financial results release and call; details are included below.
From an analyst’s perspective:
Berry Corp [NASDAQ: BRY] stock has seen the most recent analyst activity on August 14, 2023, when Piper Sandler downgraded its rating to a Neutral but kept the price target unchanged to $9 for it. Previously, Jefferies downgraded its rating to Hold on July 17, 2023, and dropped its price target to $8. On October 19, 2022, Jefferies initiated with a Buy rating and assigned a price target of $10 on the stock. Piper Sandler upgraded its rating to a Overweight and increased its price target to $14 on April 07, 2022. KeyBanc Capital Markets upgraded its rating to a Overweight but $9 remained the price target by the analyst firm on April 14, 2021. Johnson Rice upgraded its rating to Buy for this stock on March 09, 2021. In a note dated December 16, 2020, Wells Fargo downgraded an Underweight rating on this stock but restated the target price of $5.
Berry Corp [BRY] stock has fluctuated between $6.14 and $9.18 over the past year. Berry Corp [NASDAQ: BRY] shares were valued at $7.14 at the most recent close of the market.
Analyzing the BRY fundamentals
Berry Corp [NASDAQ:BRY] reported sales of 890.60M for the trailing twelve months, which represents a drop of -15.29%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 7.06 points at the first support level, and at 6.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.21, and for the 2nd resistance point, it is at 7.28.
Berry Corp [BRY] reported earnings per share of $0.15 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.3/share, meaning a difference of -$0.15 and a surprise factor of -50.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.15 per share as compared to estimates of -$0.02 per share, a difference of $0.17 representing a surprise of 850.00%.
Ratios To Look Out For
For context, Berry Corp’s Current Ratio is 0.72. Further, the Quick Ratio stands at 0.62, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 0.61, the price to book ratio is 0.76 and price to earnings (TTM) ratio is 13.02.
Transactions by insiders
Recent insider trading involved Hunter Danielle E., President, that happened on Sep 01 when 15000.0 shares were sold. Executive Chairman, Smith Arthur T. completed a deal on Aug 18 to sell 81365.0 shares. Meanwhile, President Hunter Danielle E. sold 10000.0 shares on Aug 18.
