During the last session, Berry Corporation (NASDAQ:BRY)’s traded shares were 1.24 million, with the beta value of the company hitting 2.25. At the end of the trading day, the stock’s price was $7.95, reflecting an intraday loss of -9.41% or -$0.82. The 52-week high for the BRY share is $12.68, that puts it down -59.5 from that peak though still a striking 41.38% gain since the share price plummeted to a 52-week low of $4.66. The company’s market capitalization is $714.73M, and the average trade volume was 748.50K shares over the past three months.
Berry Corporation (BRY) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 2.60. BRY has a Sell rating from 1 analyst(s) out of 6 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 2 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.61.
Berry Corporation (NASDAQ:BRY) trade information
Berry Corporation (BRY) registered a -9.41% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -9.41% in intraday trading to $7.95 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is -19.91%, and it has moved by -24.33% in 30 days. Based on these gigs, the overall price performance for the year is 18.60%.
The consensus price target of analysts on Wall Street is $15.60, which implies an increase of 49.04% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12.00 and $20.00 respectively. As a result, BRY is trading at a discount of -151.57% off the target high and -50.94% off the low.
Berry Corporation (BRY) estimates and forecasts
Statistics show that Berry Corporation has outperformed its competitors in share price, compared to the industry in which it operates. Berry Corporation (BRY) shares have gone up 3.38% during the last six months, with a year-to-date growth rate more than the industry average at 1,368.00% against 10.50. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 862.50% this quarter and then jump 357.10% in the quarter after that. In the rating firms’ projections, revenue will increase 61.10% compared to the previous financial year.
Revenue for the current quarter is expected to be $211.87 million as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to $219.77 million by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $99.25 million and $143.41 million respectively. In this case, analysts expect current quarter sales to grow by 113.50% and then jump by 53.20% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 58.50%. While earnings are projected to return 94.10% in 2022, the next five years will return 15.00% per annum.
Berry Corporation is due to release its next quarterly earnings between February 21 and February 25. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Berry Corporation is 0.24, with the dividend yield indicating at 3.02 percent, continuing the trend of increasing dividends in recent years.
Berry Corporation (NASDAQ:BRY)’s Major holders
Berry Corporation insiders own 1.39% of total outstanding shares while institutional holders control 94.11%, with the float percentage being 95.43%. Oaktree Capital Management Lp is the largest shareholder of the company, while 199 institutions own stock in it. As of Dec 30, 2021, the company held over 12.91 million shares (or 15.99% of all shares), a total value of $108.73 million in shares.
The next largest institutional holding, with 12.7 million shares, is of Benefit Street Partners, LLC’s that is approximately 15.73% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $106.96 million.
Also, the Mutual Funds coming in first place with the largest holdings of Berry Corporation (BRY) shares are Fidelity Low-Priced Stock Fund and Allspring Special Small Cap Value Fund. Data provided on Feb 27, 2022 indicates that Fidelity Low-Priced Stock Fund owns about 2.48 million shares. This amounts to just over 3.07 percent of the company’s overall shares, with a $24.83 million market value. The same data shows that the other fund manager holds slightly less at 1.96 million, or about 2.42% of the stock, which is worth about $19.58 million.