Berry Petroleum (NASDAQ:BRY) Price Target Raised to $7.00 at UBS Group

Berry Petroleum (NASDAQ:BRY) had its price objective raised by UBS Group from $4.50 to $7.00 in a research note issued to investors on Monday, BenzingaRatingsTable reports. They currently have a buy rating on the energy company’s stock.

BRY has been the topic of several other research reports. Piper Sandler downgraded shares of Berry Petroleum from an overweight rating to a neutral rating and set a $4.50 price objective on the stock. in a report on Monday, March 9th. ValuEngine downgraded shares of Berry Petroleum from a sell rating to a strong sell rating in a report on Monday, March 9th. Wells Fargo & Co upped their price objective on shares of Berry Petroleum from $4.00 to $5.00 and gave the company an equal weight rating in a report on Thursday, June 25th. Zacks Investment Research downgraded shares of Berry Petroleum from a buy rating to a hold rating in a report on Monday, April 6th. Finally, BidaskClub lowered Berry Petroleum from a buy rating to a hold rating in a research report on Thursday, June 25th. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Berry Petroleum presently has an average rating of Hold and a consensus price target of $7.28.

Shares of Berry Petroleum stock opened at $4.79 on Monday. The company has a market capitalization of $385.23 million, a PE ratio of -9.58 and a beta of 3.04. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.19 and a current ratio of 2.19. The company has a 50-day simple moving average of $4.74 and a two-hundred day simple moving average of $5.45. Berry Petroleum has a one year low of $1.82 and a one year high of $11.72.

Berry Petroleum (NASDAQ:BRY) last posted its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.04. Berry Petroleum had a negative net margin of 4.58% and a positive return on equity of 11.05%. The firm had revenue of $339.27 million for the quarter, compared to the consensus estimate of $148.80 million. On average, equities analysts predict that Berry Petroleum will post 0.78 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. NumerixS Investment Technologies Inc boosted its position in Berry Petroleum by 119.5% in the 4th quarter. NumerixS Investment Technologies Inc now owns 2,900 shares of the energy company’s stock worth $27,000 after purchasing an additional 1,579 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of Berry Petroleum during the 4th quarter valued at approximately $28,000. Zebra Capital Management LLC purchased a new position in shares of Berry Petroleum during the 1st quarter valued at approximately $37,000. BNP Paribas Arbitrage SA lifted its position in shares of Berry Petroleum by 24.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 20,881 shares of the energy company’s stock valued at $50,000 after buying an additional 4,036 shares in the last quarter. Finally, Marshall Wace North America L.P. purchased a new position in shares of Berry Petroleum during the 1st quarter valued at approximately $63,000. Institutional investors and hedge funds own 96.86% of the company’s stock.

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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Analyst Recommendations for Berry Petroleum (NASDAQ:BRY)

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