Berry Corp (NASDAQ: BRY) closed the day trading at $8.64 up 2.61% from the previous closing price of $8.42. In other words, the price has increased by $+0.22 from its previous closing price. On the day, 975589 shares were traded.
Ratios:
For a better understanding of BRY, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 136.54 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.61. 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 660.28M and an Enterprise Value of 1.09B. As of this moment, Berry’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.73, and their Forward P/E ratio for the next fiscal year is 10.26. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.25. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.67 while its Price-to-Book (P/B) ratio in mrq is 0.86. Its current Enterprise Value per Revenue stands at 1.26 whereas that against EBITDA is 4.32.
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 7.14, while the 200-Day Moving Average is calculated to be 7.48.
Shares Statistics:
Over the past 3-months, BRY traded about 1.06M shares per day on average, while over the past 10 days, BRY traded about 1.01M shares per day. 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 91.17% stake in the company. Shares short for BRY as of Mar 15, 2024 were 4.67M with a Short Ratio of 4.41, compared to 2.89M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.12% and a Short% of Float of 6.97%.
Dividends & Splits
BRY’s forward annual dividend rate is 0.47, up from 0.73 a year ago. Against a Trailing Annual Dividend Yield of 8.67%, it implies a Forward Annual Dividend Yield of 9.29%. The stock’s 5-year Average Dividend Yield is 6.96.
Earnings Estimates
Current recommendations for the stock of the company come from 3 analysts. On average, analysts expect EPS of $0.17 for the current quarter, with a high estimate of $0.28 and a low estimate of $0.1, while EPS last year was $0.07. The consensus estimate for the next quarter is $0.2, with high estimates of $0.3 and low estimates of $0.13.
Analysts are recommending an EPS of between $1.18 and $0.57 for the fiscal current year, implying an average EPS of $0.78. EPS for the following year is $0.83, with 3 analysts recommending between $1.44 and $0.44.
Revenue Estimates
2 analysts predict $160.3M in revenue for the current quarter. It ranges from a high estimate of $170M to a low estimate of $150.6M. As of the current estimate, Berry Corp’s year-ago sales were $175.13M, an estimated decrease of -8.50% from the year-ago figure.
A total of 2 analysts have provided revenue estimates for BRY’s current fiscal year. The highest revenue estimate was $670M, while the lowest revenue estimate was $616.8M, resulting in an average revenue estimate of $643.4M. In the same quarter a year ago, actual revenue was $903.46M, down -28.80% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $601.7M in the next fiscal year. The high estimate is $617M and the low estimate is $586.4M. The average revenue growth estimate for next year is down -6.50% from the average revenue estimate for this year.
