A share price of Berry Corp [BRY] is currently trading at $8.69, up 0.58%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BRY shares have gain 7.95% over the last week, with a monthly amount glided 25.25%, and seem to be holding up well over a long-time horizon.
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On 3, April 2024, Berry Corporation to Report First Quarter 2024 Results and Hold Conference Call May 1. In a post published today on Yahoo Finance, Berry Corporation (NASDAQ: BRY) (“Berry” or the “Company”) today announced it will report first quarter 2024 results on Wednesday, May 1, 2024, before the open of U.S. financial markets and will host a conference call and webcast that morning to discuss these results; details and links are provided 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 experienced fluctuations in its stock price throughout the past year between $6.02 and $8.66. Berry Corp [NASDAQ: BRY] shares were valued at $8.69 at the most recent close of the market.
Analyzing the BRY fundamentals
Trailing Twelve Months sales for Berry Corp [NASDAQ:BRY] were 983.45M which represents 38.12% growth. 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 8.57 points at the first support level, and at 8.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.76, and for the 2nd resistance point, it is at 8.84.
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
To put it in perspective, the Current Ratio for Berry Corp [NASDAQ:BRY] is 0.63. Also, the Quick Ratio is 0.54, while the Cash Ratio stands at 0.02. Considering the valuation of this stock, the price to sales ratio is 0.67, the price to book ratio is 0.87 and price to earnings (TTM) ratio is 18.84.
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.
