Berry Petroleum Company LLC (NASDAQ:BRY) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 1,230,000 shares, a growth of 34.6% from the September 15th total of 913,600 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average daily volume of 645,700 shares, the short-interest ratio is presently 1.9 days.
Several research firms recently weighed in on BRY. Zacks Investment Research upgraded Berry Petroleum from a “strong sell” rating to a “hold” rating in a research report on Monday, September 23rd. ValuEngine upgraded Berry Petroleum from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Berry Petroleum presently has an average rating of “Hold” and an average target price of $12.75.
Shares of Berry Petroleum stock traded down $0.10 during trading hours on Monday, reaching $9.91. The stock had a trading volume of 10,281 shares, compared to its average volume of 485,908. The firm has a 50 day simple moving average of $9.66 and a two-hundred day simple moving average of $10.22. The firm has a market capitalization of $798.40 million, a price-to-earnings ratio of 7.87, a P/E/G ratio of 0.49 and a beta of 2.48. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.42. Berry Petroleum has a 1 year low of $7.58 and a 1 year high of $15.10.
Berry Petroleum (NASDAQ:BRY) last released its quarterly earnings data on Wednesday, August 7th. The energy company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.11). Berry Petroleum had a return on equity of 12.64% and a net margin of 24.87%. The firm had revenue of $170.07 million during the quarter, compared to analysts’ expectations of $148.70 million. Sell-side analysts forecast that Berry Petroleum will post 1.34 EPS for the current year.
Hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC acquired a new stake in shares of Berry Petroleum in the second quarter valued at about $53,000. Marshall Wace North America L.P. acquired a new stake in Berry Petroleum during the 1st quarter valued at approximately $63,000. Bank of Montreal Can grew its stake in Berry Petroleum by 496.1% during the 2nd quarter. Bank of Montreal Can now owns 6,122 shares of the energy company’s stock valued at $65,000 after purchasing an additional 5,095 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Berry Petroleum during the 2nd quarter valued at approximately $66,000. Finally, Versant Capital Management Inc acquired a new stake in Berry Petroleum during the 2nd quarter valued at approximately $67,000. Institutional investors and hedge funds own 98.59% 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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