Berry Petroleum (NASDAQ:BRY) Releases Earnings Results, Beats Expectations By $0.01 EPS

Berry Petroleum (NASDAQ:BRY) announced 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. Berry Petroleum had a net margin of 24.87% and a return on equity of 12.64%. The business had revenue of $194.67 million for the quarter, compared to analyst estimates of $160.70 million.

Shares of NASDAQ:BRY opened at $11.05 on Friday. The firm has a market capitalization of $861.56 million, a P/E ratio of 8.77, a P/E/G ratio of 0.53 and a beta of 2.47. Berry Petroleum has a 12 month low of $7.58 and a 12 month high of $14.35. The company’s fifty day moving average price is $9.80 and its 200 day moving average price is $10.04. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.80.

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Several equities research analysts recently commented on BRY shares. ValuEngine upgraded shares of Berry Petroleum from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Zacks Investment Research upgraded shares of Berry Petroleum from a “strong sell” rating to a “hold” rating in a research note on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus 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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