FY2025 EPS Estimates for Berry Co. (NASDAQ:BRY) Lifted by Analyst

Berry Co. (NASDAQ:BRY) – Research analysts at Capital One Financial increased their FY2025 earnings per share estimates for shares of Berry in a research report issued to clients and investors on Wednesday, April 3rd. Capital One Financial analyst B. Velie now expects that the energy company will post earnings of $1.44 per share for the year, up from their previous forecast of $1.03. The consensus estimate for Berry’s current full-year earnings is $0.81 per share.

Berry (NASDAQ:BRY) last posted its quarterly earnings data on Wednesday, March 6th. The energy company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.12). The firm had revenue of $216.40 million for the quarter, compared to analyst estimates of $190.28 million. Berry had a return on equity of 5.27% and a net margin of 4.14%. The business’s quarterly revenue was down 11.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.95 EPS.

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

Berry Price Performance

BRY opened at $8.59 on Monday. The company’s 50 day simple moving average is $7.27 and its 200-day simple moving average is $7.34. The stock has a market capitalization of $655.70 million, a P/E ratio of 18.67 and a beta of 1.80. Berry has a one year low of $6.22 and a one year high of $8.94. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.63 and a quick ratio of 0.63.

Berry Increases Dividend

The company also recently disclosed a None dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 15th were given a $0.26 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a dividend yield of 6.7%. This is a boost from Berry’s previous None dividend of $0.21. Berry’s dividend payout ratio is currently 104.35%.

Hedge Funds Weigh In On Berry

Institutional investors have recently modified their holdings of the business. Point72 Hong Kong Ltd bought a new stake in Berry during the 1st quarter worth about $31,000. Tower Research Capital LLC TRC increased its holdings in shares of Berry by 525.6% during the first quarter. Tower Research Capital LLC TRC now owns 3,147 shares of the energy company’s stock worth $25,000 after purchasing an additional 2,644 shares during the period. Quadrant Capital Group LLC lifted its position in shares of Berry by 211.9% during the 4th quarter. Quadrant Capital Group LLC now owns 3,905 shares of the energy company’s stock valued at $27,000 after acquiring an additional 2,653 shares during the period. Quarry LP grew its stake in Berry by 1,169.4% during the second quarter. Quarry LP now owns 4,151 shares of the energy company’s stock worth $29,000 after buying an additional 3,824 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in shares of Berry by 41.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 4,554 shares of the energy company’s stock worth $49,000 after acquiring an additional 1,338 shares in the last quarter. Institutional investors own 94.88% of the company’s stock.

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.