At the time of writing, Berry Corp [BRY] stock is trading at $7.91, up 2.59%. 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 5.47% over the last week, with a monthly amount glided 14.49%, and seem to be holding up well over a long-time horizon.
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On 6, March 2024, Berry Corporation Reports Fourth Quarter and Full Year 2023 Financial Results. In a post published today on Yahoo Finance, Berry Corporation (bry) (NASDAQ: BRY) (“Berry” or the “Company”) announced fourth quarter and full-year 2023 results. For the fourth quarter 2023, Berry’s net income was $63 million, or $0.81 per diluted share, Adjusted Net Income(1) was $10 million, or $0.13 per diluted share, and cash flows from operating activities were $79 million. For the full year 2023, Berry’s net income was $37 million, or $0.48 per diluted share, Adjusted Net Income(1) was $39 million, or $0.51 per diluted share, and cash flows from operating activities were $199 million.
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.
For the past year, the stock price of Berry Corp fluctuated between $6.02 and $8.66. Berry Corp [NASDAQ: BRY] shares were valued at $7.91 at the most recent close of the market.
Analyzing the BRY fundamentals
According to Berry Corp [NASDAQ:BRY], the company’s sales were 983.45M for trailing twelve months, which represents an 38.12% jump. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.31%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.05 and Total Capital is 0.2. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.57.
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 7.73 points at the first support level, and at 7.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.04, and for the 2nd resistance point, it is at 8.17.
Berry Corp [BRY] reported earnings per share of $0.13 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.24/share, meaning a difference of -$0.11 and a surprise factor of -45.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.15 per share as compared to estimates of $0.3 per share, a difference of -$0.15 representing a surprise of -50.00%.
Ratios To Look Out For
It is important to note that Berry Corp [NASDAQ:BRY] has a current ratio of 0.63. Further, the Quick Ratio stands at 0.54, while the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 0.61, the price to book ratio is 0.79 and price to earnings (TTM) ratio is 17.15.
Transactions by insiders
Recent insider trading involved Hunter Danielle E., President, that happened on Sep 01 ’23 when 15000.0 shares were sold. Executive Chairman, Smith Arthur T. completed a deal on Aug 18 ’23 to sell 81365.0 shares. Meanwhile, President Hunter Danielle E. sold 10000.0 shares on Aug 18 ’23.
