Berry Petroleum (NASDAQ:BRY) posted its quarterly earnings results on Wednesday. The energy company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.07), MarketWatch Earnings reports. The company had revenue of $142.95 million for the quarter, compared to analysts’ expectations of $154.10 million.
BRY traded down $0.24 on Friday, reaching $13.78. The company had a trading volume of 3,157 shares, compared to its average volume of 396,268. Berry Petroleum has a one year low of $6.00 and a one year high of $18.55.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 17th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Friday, December 14th. This is a positive change from Berry Petroleum’s previous quarterly dividend of $0.09.
A number of brokerages have weighed in on BRY. Zacks Investment Research raised shares of Berry Petroleum from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Monday, October 29th. ValuEngine cut shares of Berry Petroleum from a “sell” rating to a “strong sell” rating in a report on Thursday. UBS Group began coverage on shares of Berry Petroleum in a report on Monday, August 20th. They set a “buy” rating on the stock. Piper Jaffray Companies began coverage on shares of Berry Petroleum in a report on Monday, August 20th. They set an “overweight” rating and a $25.00 target price on the stock. Finally, BMO Capital Markets began coverage on shares of Berry Petroleum in a report on Monday, August 20th. They set an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. Berry Petroleum currently has a consensus rating of “Buy” and an average target price of $20.00.
Berry Petroleum Company Profile
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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