Berry (NASDAQ:BRY) Issues Earnings Results

Berry (NASDAQ:BRY) posted its quarterly earnings data on Wednesday. The energy company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04), Briefing.com reports. Berry had a net margin of 4.14% and a return on equity of 5.27%. The firm had revenue of $202.31 million during the quarter, compared to analysts’ expectations of $182.65 million. During the same period in the previous year, the company earned $0.07 earnings per share. The business’s quarterly revenue was down 6.5% on a year-over-year basis.

Berry Stock Performance

BRY traded up $0.01 during trading hours on Thursday, hitting $8.04. The company’s stock had a trading volume of 1,658,161 shares, compared to its average volume of 979,393. Berry has a fifty-two week low of $6.22 and a fifty-two week high of $8.94. The firm has a market capitalization of $618.60 million, a PE ratio of 17.59 and a beta of 1.77. The company has a 50-day simple moving average of $7.90 and a 200 day simple moving average of $7.39. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.56.

Berry Increases Dividend

The company also recently declared a None dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 15th were paid a $0.26 dividend. The ex-dividend date was Thursday, March 14th. This represents a dividend yield of 6.7%. This is a positive change from Berry’s previous None dividend of $0.21. Berry’s dividend payout ratio (DPR) is presently 104.35%.

Analysts Set New Price Targets

Separately, TheStreet raised Berry from a “c” rating to a “b-” rating in a report on Friday, March 8th.

Berry 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.