Berry Petroleum (BRY) Upgraded to Overweight by Capital One Financial

Berry Petroleum (NASDAQ:BRY) was upgraded by investment analysts at Capital One Financial from an “equal weight” rating to an “overweight” rating in a report released on Thursday, The Fly reports.

BRY has been the subject of a number of other reports. ValuEngine upgraded shares of Berry Petroleum from a “strong sell” rating to a “sell” rating in a report on Wednesday, March 20th. Zacks Investment Research upgraded shares of Berry Petroleum from a “strong sell” rating to a “hold” rating in a report on Monday, March 11th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $12.00 target price on shares of Berry Petroleum in a report on Wednesday, January 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $17.13.

Shares of NASDAQ:BRY opened at $10.81 on Thursday. Berry Petroleum has a 12-month low of $7.87 and a 12-month high of $18.55. The stock has a market cap of $885.11 million and a PE ratio of 8.58. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.42.



Berry Petroleum (NASDAQ:BRY) last announced its quarterly earnings data on Wednesday, May 8th. The energy company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.01). Berry Petroleum had a net margin of 18.84% and a return on equity of 13.15%. The company had revenue of $76.54 million for the quarter, compared to the consensus estimate of $146.13 million. As a group, analysts anticipate that Berry Petroleum will post 1.53 EPS for the current year.

In other news, Director Benefit Street Partners Llc sold 76,512 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $11.59, for a total transaction of $886,774.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.59% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of BRY. Oaktree Capital Management LP purchased a new stake in Berry Petroleum in the first quarter worth about $90,090,000. FMR LLC lifted its holdings in Berry Petroleum by 61.1% in the fourth quarter. FMR LLC now owns 7,871,163 shares of the energy company’s stock worth $68,874,000 after buying an additional 2,985,746 shares during the period. BlackRock Inc. lifted its holdings in Berry Petroleum by 155.8% in the first quarter. BlackRock Inc. now owns 3,163,091 shares of the energy company’s stock worth $36,501,000 after buying an additional 1,926,341 shares during the period. Vanguard Group Inc purchased a new stake in Berry Petroleum in the third quarter worth about $17,448,000. Finally, Vanguard Group Inc. purchased a new stake in Berry Petroleum in the third quarter worth about $17,448,000.

Berry Petroleum 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.

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Analyst Recommendations for Berry Petroleum (NASDAQ:BRY)

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