Berry Petroleum (NASDAQ:BRY) Releases Earnings Results

Berry Petroleum (NASDAQ:BRY) released its quarterly earnings data on Thursday. The energy company reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.01, Fidelity Earnings reports. The business had revenue of $194.67 million during the quarter, compared to analyst estimates of $160.70 million. Berry Petroleum had a return on equity of 12.64% and a net margin of 24.87%.

Shares of NASDAQ:BRY traded up $0.06 during trading on Friday, reaching $11.05. 733,100 shares of the company’s stock traded hands, compared to its average volume of 764,723. The firm has a market cap of $861.56 million, a PE ratio of 8.77, a P/E/G ratio of 0.53 and a beta of 2.47. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.42. The company has a 50-day simple moving average of $9.80 and a 200-day simple moving average of $10.04. Berry Petroleum has a fifty-two week low of $7.58 and a fifty-two week high of $14.35.

A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded Berry Petroleum from a “strong sell” rating to a “hold” rating in a research note on Monday, September 23rd. ValuEngine upgraded Berry Petroleum from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $12.75.

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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