Berry Petroleum Company LLC (NASDAQ:BRY) – Stock analysts at KeyCorp issued their Q4 2018 earnings estimates for Berry Petroleum in a report issued on Wednesday, December 19th. KeyCorp analyst L. Mariani anticipates that the energy company will earn $0.38 per share for the quarter. KeyCorp currently has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Berry Petroleum’s Q1 2019 earnings at $0.32 EPS, Q2 2019 earnings at $0.36 EPS, Q3 2019 earnings at $0.36 EPS, Q4 2019 earnings at $0.34 EPS and FY2019 earnings at $1.38 EPS.
Berry Petroleum (NASDAQ:BRY) last released its quarterly earnings results on Wednesday, November 7th. The energy company reported $0.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.07). The business had revenue of $142.95 million during the quarter, compared to analysts’ expectations of $154.10 million.
A number of other analysts also recently issued reports on BRY. Capital One Financial downgraded Berry Petroleum from an “overweight” rating to an “equal weight” rating in a research report on Thursday, December 20th. ValuEngine downgraded Berry Petroleum from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 8th. Finally, Zacks Investment Research downgraded Berry Petroleum from a “buy” rating to a “hold” rating in a research report on Tuesday, October 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $20.00.
BRY opened at $7.94 on Monday. Berry Petroleum has a 1 year low of $7.87 and a 1 year high of $18.55. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.44.
Institutional investors have recently bought and sold shares of the stock. American International Group Inc. bought a new position in Berry Petroleum during the third quarter worth about $154,000. Rhumbline Advisers bought a new position in Berry Petroleum during the third quarter worth about $189,000. Teachers Advisors LLC bought a new position in Berry Petroleum during the third quarter worth about $302,000. Brown Advisory Inc. bought a new position in Berry Petroleum during the third quarter worth about $315,000. Finally, Putnam Investments LLC bought a new position in Berry Petroleum during the third quarter worth about $532,000. Institutional investors and hedge funds own 79.12% of the company’s stock.
In other Berry Petroleum news, COO Gary A. Grove purchased 20,000 shares of Berry Petroleum stock in a transaction that occurred on Thursday, December 13th. The stock was acquired at an average price of $10.33 per share, for a total transaction of $206,600.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Arthur T. Smith purchased 5,000 shares of Berry Petroleum stock in a transaction that occurred on Thursday, December 13th. The shares were acquired at an average price of $10.22 per share, with a total value of $51,100.00. The disclosure for this purchase can be found here. Company insiders own 2.22% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 17th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, December 14th. This represents a $0.48 dividend on an annualized basis and a yield of 6.05%. This is a boost from Berry Petroleum’s previous quarterly dividend of $0.09.
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.