After finishing at $7.38 in the prior trading day, Berry Corp (NASDAQ: BRY) closed at $7.21, down -2.30%. In other words, the price has decreased by -$0.05 from its previous closing price. On the day, 1345540 shares were traded. BRY stock price reached its highest trading level at $7.26 during the session, while it also had its lowest trading level at $7.10.
Ratios:
Our goal is to gain a better understanding of BRY by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 113.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.68. For the most recent quarter (mrq), Quick Ratio is recorded 0.54 and its Current Ratio is at 0.63. In the meantime, Its Debt-to-Equity ratio is 0.58 whereas as Long-Term Debt/Eq ratio is at 0.57.
On July 17, 2023, Jefferies Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $9 to $8.
On October 19, 2022, Jefferies started tracking the stock assigning a Buy rating and target price of $10.Jefferies initiated its Buy rating on October 19, 2022, with a $10 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 01 ’23 when Hunter Danielle E. sold 15,000 shares for $8.77 per share. The transaction valued at 131,505 led to the insider holds 148,757 shares of the business.
Smith Arthur T. sold 81,365 shares of BRY for $673,694 on Aug 18 ’23. The Executive Chairman now owns 514,180 shares after completing the transaction at $8.28 per share. On Aug 18 ’23, another insider, Hunter Danielle E., who serves as the President of the company, sold 10,000 shares for $8.25 each. As a result, the insider received 82,500 and left with 163,757 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BRY now has a Market Capitalization of 549.60M and an Enterprise Value of 975.70M. As of this moment, Berry’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.63, and their Forward P/E ratio for the next fiscal year is 9.09. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.04. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.56 while its Price-to-Book (P/B) ratio in mrq is 0.72. Its current Enterprise Value per Revenue stands at 1.13 whereas that against EBITDA is 3.88.
Stock Price History:
Over the past 52 weeks, BRY has reached a high of $8.66, while it has fallen to a 52-week low of $6.02. The 50-Day Moving Average of the stock is 6.83, while the 200-Day Moving Average is calculated to be 7.42.
Shares Statistics:
The stock has traded on average 1.01M shares per day over the past 3-months and 1.48M shares per day over the last 10 days, according to various share statistics. A total of 75.67M shares are outstanding, with a floating share count of 73.76M. Insiders hold about 3.37% of the company’s shares, while institutions hold 91.16% stake in the company. Shares short for BRY as of Feb 29, 2024 were 3.23M with a Short Ratio of 3.19, compared to 2.65M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.23% and a Short% of Float of 4.82%.
Dividends & Splits
In the trailing 12 months, BRY’s forward annual dividend rate was 0.73, compared to 0.54 this year. Against a Trailing Annual Dividend Yield of 10.06%, it implies a Forward Annual Dividend Yield of 10.14%. The stock’s 5-year Average Dividend Yield is 6.96.
Earnings Estimates
Its stock is currently analyzed by 2 different market analysts. On average, analysts expect EPS of $0.17 for the current quarter, with a high estimate of $0.21 and a low estimate of $0.13, while EPS last year was $0.07. The consensus estimate for the next quarter is $0.17, with high estimates of $0.21 and low estimates of $0.13.
Analysts are recommending an EPS of between $0.9 and $0.59 for the fiscal current year, implying an average EPS of $0.75. EPS for the following year is $0.7, with 2 analysts recommending between $0.79 and $0.6.
Revenue Estimates
1 analysts predict $170M in revenue for the current quarter. It ranges from a high estimate of $170M to a low estimate of $170M. As of the current estimate, Berry Corp’s year-ago sales were $175.13M, an estimated decrease of -2.90% from the year-ago figure.
A total of 1 analysts have provided revenue estimates for BRY’s current fiscal year. The highest revenue estimate was $670M, while the lowest revenue estimate was $670M, resulting in an average revenue estimate of $670M. In the same quarter a year ago, actual revenue was $903.46M, down -25.80% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $617M in the next fiscal year. The high estimate is $617M and the low estimate is $617M. The average revenue growth estimate for next year is down -7.90% from the average revenue estimate for this year.
