Berry Petroleum Company LLC (NASDAQ:BRY) – Investment analysts at KeyCorp upped their Q3 2019 EPS estimates for Berry Petroleum in a research report issued to clients and investors on Sunday, April 21st. KeyCorp analyst L. Mariani now forecasts that the energy company will earn $0.42 per share for the quarter, up from their previous forecast of $0.38. KeyCorp also issued estimates for Berry Petroleum’s Q4 2019 earnings at $0.42 EPS and FY2019 earnings at $1.61 EPS.
Several other research firms have also issued reports on BRY. Piper Jaffray Companies reissued a “buy” rating and issued a $12.00 price objective on shares of Berry Petroleum in a research report on Wednesday, January 30th. Zacks Investment Research raised shares of Berry Petroleum from a “strong sell” rating to a “hold” rating in a research report on Monday, March 11th. BMO Capital Markets reissued a “buy” rating and issued a $13.00 price objective on shares of Berry Petroleum in a research report on Monday, January 7th. Finally, ValuEngine lowered shares of Berry Petroleum from a “sell” rating to a “strong sell” rating in a research report on Monday, April 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $17.50.
Berry Petroleum (NASDAQ:BRY) last released its quarterly earnings data on Wednesday, March 6th. The energy company reported $0.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.41. The business had revenue of $280.35 million during the quarter, compared to analyst estimates of $157.20 million.
The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were paid a $0.12 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.48 annualized dividend and a dividend yield of 3.75%. Berry Petroleum’s dividend payout ratio (DPR) is presently 38.10%.
In other news, Director Benefit Street Partners Llc sold 76,512 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $11.59, for a total value of $886,774.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.59% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. Macquarie Group Ltd. purchased a new position in shares of Berry Petroleum in the third quarter valued at $1,061,000. BlackRock Inc. bought a new position in Berry Petroleum during the 3rd quarter valued at $19,936,000. Vanguard Group Inc bought a new position in Berry Petroleum during the 3rd quarter valued at $17,448,000. New York State Common Retirement Fund bought a new position in Berry Petroleum during the 4th quarter valued at $129,000. Finally, Acadian Asset Management LLC bought a new position in Berry Petroleum during the 4th quarter valued at $425,000. Institutional investors and hedge funds own 81.29% of the company’s stock.
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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