Berry Corp (NASDAQ:BRY) has a beta value of 1.70 and has seen 0.54 million shares traded in the recent trading session. The company, currently valued at $306.15M, closed the recent trade at $3.98 per share which meant it lost -$0.09 on the day or -2.23% during that session. The BRY stock price is -121.11% off its 52-week high price of $8.80 and -0.75% below the 52-week low of $4.01. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.94 million shares traded. The 3-month trading volume is 1.28 million shares.
Berry Corp (NASDAQ:BRY) trade information
Sporting -2.23% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the BRY stock price touched $3.98 or saw a rise of 8.29%. Year-to-date, Berry Corp shares have moved -41.86%, while the 5-day performance has seen it change -5.26%. Over the past 30 days, the shares of Berry Corp (NASDAQ:BRY) have changed -23.03%. Short interest in the company has seen 2.38 million shares shorted with days to cover at 2.28.
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Wall Street analysts have a consensus price target for the stock at $7, which means that the shares’ value could jump 43.14% from the levels at last check today. The projected low price target is $7.0 while the price target rests at a high of $7.0. In that case, then, we find that the latest price level in today’s session is -75.88% off the targeted high while a plunge would see the stock gain -75.88% from the levels at last check today.
Berry Corp (BRY) estimates and forecasts
Figures show that Berry Corp shares have outperformed across the wider relevant industry. The company’s shares have lost -40.84% over the past 6 months, with this year growth rate of 17.65%, compared to -6.30% for the industry. Revenue growth from the last financial year stood is estimated to be -22.30%.
2 analysts offering their estimates for the company have set an average revenue estimate of 170.5M for the current quarter. 2 have an estimated revenue figure of 165M for the next ending quarter. Year-ago sales stood 300.33M and 131.11M respectively for this quarter and the next, and analysts expect sales will shrink by -43.23% for the current quarter and -22.30% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -10.69% over the past 5 years. Earnings growth for 2024 is a modest -21.18% while over the next 5 years, the company’s earnings are expected to increase by 15.00%.
BRY Dividends
Berry Corp is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.39 at a share yield of 9.75%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 7.93%.
Berry Corp (NASDAQ:BRY)’s Major holders
Insiders own 2.56% of the company shares, while shares held by institutions stand at 89.89% with a share float percentage of 92.25%. Investors are also buoyed by the number of investors in a company, with Berry Corp having a total of 253.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 6.55 million shares worth more than $42.34 million. As of 2024-06-30, BLACKROCK INC. held 8.596% of shares outstanding.
The other major institutional holder is HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC, with the holding of over 6.34 million shares as of 2024-06-30. The firm’s total holdings are worth over $40.96 million and represent 8.3151% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Allspring Special Small Cap Value Fund and iShares Russell 2000 ETF. As of Sep 30, 2024, the former fund manager holds about 2.85% shares in the company for having 2.2 shares of worth $8.75 million while later fund manager owns 2.11 shares of worth $8.41 million as of Sep 30, 2024, which makes it owner of about 2.74% of company’s outstanding stock.
