Berry Co. (NASDAQ:BRY) Short Interest Update

Berry Co. (NASDAQ:BRYGet Rating) was the target of a large decline in short interest in December. As of December 30th, there was short interest totalling 2,580,000 shares, a decline of 6.2% from the December 15th total of 2,750,000 shares. Based on an average daily volume of 646,900 shares, the short-interest ratio is currently 4.0 days. Currently, 3.4% of the company’s stock are short sold.

Insider Buying and Selling at Berry

In other Berry news, major shareholder Oaktree Capital Management Lp sold 1,000,000 shares of Berry stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $9.60, for a total transaction of $9,600,000.00. Following the completion of the sale, the insider now directly owns 6,797,000 shares of the company’s stock, valued at approximately $65,251,200. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Rajath Shourie purchased 10,000 shares of Berry stock in a transaction dated Thursday, December 15th. The stock was purchased at an average cost of $7.71 per share, with a total value of $77,100.00. Following the transaction, the director now owns 10,000 shares in the company, valued at approximately $77,100. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Oaktree Capital Management Lp sold 1,000,000 shares of the business’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $9.60, for a total value of $9,600,000.00. Following the completion of the transaction, the insider now directly owns 6,797,000 shares of the company’s stock, valued at $65,251,200. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Berry

Large investors have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd purchased a new stake in shares of Berry in the first quarter worth about $31,000. Great West Life Assurance Co. Can purchased a new stake in shares of Berry in the third quarter worth about $33,000. Captrust Financial Advisors boosted its stake in shares of Berry by 78.2% in the first quarter. Captrust Financial Advisors now owns 4,857 shares of the energy company’s stock worth $50,000 after buying an additional 2,131 shares during the last quarter. Amalgamated Bank purchased a new stake in shares of Berry in the first quarter worth about $84,000. Finally, Barclays PLC boosted its stake in shares of Berry by 122.7% in the third quarter. Barclays PLC now owns 8,961 shares of the energy company’s stock worth $67,000 after buying an additional 4,938 shares during the last quarter. Hedge funds and other institutional investors own 97.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. TheStreet upgraded Berry from a “c” rating to a “b-” rating in a research note on Wednesday, November 2nd. Jefferies Financial Group assumed coverage on Berry in a research note on Wednesday, October 19th. They set a “buy” rating and a $10.00 target price on the stock. Finally, Piper Sandler dropped their target price on Berry from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 18th. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $11.50.

Berry Stock Up 1.8 %

Berry stock opened at $9.28 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.02 and a current ratio of 1.02. The business’s 50-day simple moving average is $8.29 and its two-hundred day simple moving average is $8.53. The company has a market cap of $712.41 million, a PE ratio of 4.11 and a beta of 2.23. Berry has a fifty-two week low of $6.78 and a fifty-two week high of $12.85.

Berry (NASDAQ:BRYGet Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The energy company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.09. The business had revenue of $376.45 million for the quarter, compared to the consensus estimate of $207.10 million. Berry had a return on equity of 22.21% and a net margin of 20.07%. Equities analysts anticipate that Berry will post 2.08 EPS for the current year.

Berry Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 28th. Shareholders of record on Tuesday, November 15th were paid a dividend of $0.06 per share. The ex-dividend date was Monday, November 14th. This represents a $0.24 annualized dividend and a yield of 2.59%. Berry’s payout ratio is presently 10.62%.

About Berry

(Get Rating)

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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