In last trading session, Berry Corp (NASDAQ:BRY) saw 0.72 million shares changing hands with its beta currently measuring 1.69. Company’s recent per share price level of $4.08 trading at $0.15 or 3.82% at ring of the bell on the day assigns it a market valuation of $313.91M. That closing price of BRY’s stock is at a discount of -115.69% from its 52-week high price of $8.80 and is indicating a premium of 4.9% from its 52-week low price of $3.88. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.1 million shares which gives us an average trading volume of 1.34 million if we extend that period to 3-months.
Berry Corp (NASDAQ:BRY) trade information
Upright in the green during last session for gaining 3.82%, in the last five days BRY remained trading in the red while hitting it’s week-highest on Friday, 11/22/24 when the stock touched $4.08 price level, adding 5.77% to its value on the day. Berry Corp’s shares saw a change of -40.39% in year-to-date performance and have moved -4.23% in past 5-day. Berry Corp (NASDAQ:BRY) showed a performance of -19.84% in past 30-days. Number of shares sold short was 2.11 million shares which calculate 1.7 days to cover the short interests.
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Wall Street analysts have assigned a consensus price target of 7 to the stock, which implies a rise of 41.71% to its current value. Analysts have been projecting 7 as a low price target for the stock while placing it at a high target of 7. It follows that stock’s current price would drop -71.57% in reaching the projected high whereas dropping to the targeted low would mean a loss of -71.57% for stock’s current value.
Berry Corp (BRY) estimates and forecasts
Statistics highlight that Berry Corp is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -40.99% of value to its shares in past 6 months, showing an annual growth rate of 17.65% while that of industry is -6.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -22.30% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 170.5M for the same. And 2 analysts are in estimates of company making revenue of 165M in the next quarter. Company posted 300.33M and 131.11M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -10.69% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -21.18% while estimates for its earnings growth in next 5 years are of 15.00%.
BRY Dividends
Berry Corp is more likely to be releasing its next quarterly report in December and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 9.51%, the share has a forward dividend of 0.39 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 7.93%.
Berry Corp (NASDAQ:BRY)’s Major holders
Insiders are in possession of 2.56% of company’s total shares while institution are holding 89.89 percent of that, with stock having share float percentage of 92.25%. Investors also watch the number of corporate investors in a company very closely, which is 89.89% institutions for Berry Corp that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at BRY for having 6.55 million shares of worth $42.34 million. And as of 2024-06-30, it was holding 8.596 of the company’s outstanding shares.
The second largest institutional holder is HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC, which was holding about 6.34 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.3151 of outstanding shares, having a total worth of $40.96 million.
On the other hand, iShares Russell 2000 ETF and Allspring Special Small Cap Value Fund are the top two Mutual Funds which own company’s shares. As of Aug 31, 2024 , the former fund manager was holding 2.23 shares of worth $9.09 million or 2.89% of the total outstanding shares. The later fund manager was in possession of 2.2 shares on Sep 30, 2024 , making its stake of worth around $8.96 million in the company or a holder of 2.85% of company’s stock.
