Berry Q4 EPS Estimate Decreased by Capital One Financial

Berry Co. (NASDAQ:BRY) – Equities research analysts at Capital One Financial lowered their Q4 2024 earnings per share (EPS) estimates for shares of Berry in a research note issued to investors on Monday, November 18th. Capital One Financial analyst B. Velie now anticipates that the energy company will post earnings of $0.11 per share for the quarter, down from their prior estimate of $0.22. The consensus estimate for Berry’s current full-year earnings is $0.60 per share. Capital One Financial also issued estimates for Berry’s FY2025 earnings at $0.60 EPS and FY2026 earnings at $0.45 EPS.

Berry (NASDAQ:BRY) last announced its earnings results on Thursday, November 7th. The energy company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The business had revenue of $259.80 million during the quarter, compared to analysts’ expectations of $186.67 million. Berry had a return on equity of 6.50% and a net margin of 9.40%. Berry’s quarterly revenue was up 31.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.15 EPS.

Separately, Piper Sandler lowered their target price on shares of Berry from $7.00 to $5.00 and set a “neutral” rating on the stock in a report on Monday.

Berry Trading Up 1.7 %

NASDAQ:BRY opened at $4.26 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $327.76 million, a PE ratio of 3.88 and a beta of 1.72. The firm’s 50 day moving average is $5.10 and its 200 day moving average is $6.02. Berry has a 12 month low of $4.10 and a 12 month high of $8.88.

Institutional Investors Weigh In On Berry

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC boosted its stake in shares of Berry by 155.2% during the 3rd quarter. Barclays PLC now owns 200,120 shares of the energy company’s stock worth $1,029,000 after acquiring an additional 121,693 shares during the last quarter. McIlrath & Eck LLC purchased a new position in shares of Berry during the 3rd quarter worth $47,000. Geode Capital Management LLC boosted its stake in shares of Berry by 10.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,903,951 shares of the energy company’s stock worth $9,788,000 after acquiring an additional 176,280 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its stake in shares of Berry by 12.9% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 119,153 shares of the energy company’s stock worth $612,000 after acquiring an additional 13,617 shares during the last quarter. Finally, EP Wealth Advisors LLC purchased a new position in shares of Berry during the 3rd quarter valued at $106,000. Hedge funds and other institutional investors own 94.88% of the company’s stock.

Berry Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 15th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 2.82%. The ex-dividend date is Friday, November 15th. Berry’s dividend payout ratio (DPR) is currently 11.11%.

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.