Berry (NASDAQ:BRY) Issues Earnings Results, Beats Expectations By $0.09 EPS

Berry (NASDAQ:BRY) released its quarterly earnings data on Wednesday. The energy company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.12 by $0.09, Zacks reports. Berry had a net margin of 9.40% and a return on equity of 6.50%.

Berry Stock Performance

Shares of NASDAQ:BRY traded up $0.11 during midday trading on Wednesday, reaching $3.64. 967,417 shares of the company traded hands, compared to its average volume of 1,081,571. Berry has a 12 month low of $3.36 and a 12 month high of $8.88. The firm’s fifty day moving average price is $4.34 and its two-hundred day moving average price is $4.68. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $280.06 million, a price-to-earnings ratio of 3.37 and a beta of 1.67.

Analyst Upgrades and Downgrades

Separately, Piper Sandler dropped their price target on shares of Berry from $7.00 to $5.00 and set a “neutral” rating on the stock in a research note on Monday, November 18th.

About Berry

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.