Berry Petroleum (NASDAQ:BRY) had its price target upped by equities research analysts at UBS Group from $4.50 to $7.00 in a report issued on Monday, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the energy company’s stock. UBS Group’s price target suggests a potential upside of 47.06% from the company’s current price.

Other equities analysts have also issued reports about the company. Wells Fargo & Co upped their target price on Berry Petroleum from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 25th. Piper Sandler downgraded shares of Berry Petroleum from an “overweight” rating to a “neutral” rating and set a $4.50 price objective on the stock. in a report on Monday, March 9th. BidaskClub cut shares of Berry Petroleum from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Zacks Investment Research lowered shares of Berry Petroleum from a “buy” rating to a “hold” rating in a report on Monday, April 6th. Finally, ValuEngine downgraded Berry Petroleum from a “sell” rating to a “strong sell” rating in a research note on Monday, March 9th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $7.28.

Shares of NASDAQ BRY opened at $4.76 on Monday. The firm has a market capitalization of $385.24 million, a P/E ratio of -9.52 and a beta of 3.02. The firm’s 50-day moving average price is $4.70 and its 200-day moving average price is $5.49. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.47. Berry Petroleum has a 1-year low of $1.82 and a 1-year high of $11.72.

Berry Petroleum (NASDAQ:BRY) last issued its earnings results on Wednesday, May 6th. The energy company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The business had revenue of $339.27 million during the quarter, compared to analyst estimates of $148.80 million. Berry Petroleum had a positive return on equity of 11.05% and a negative net margin of 4.58%. Equities research analysts forecast that Berry Petroleum will post 0.78 EPS for the current year.

Several institutional investors have recently bought and sold shares of BRY. NumerixS Investment Technologies Inc boosted its position in Berry Petroleum by 119.5% in the fourth quarter. NumerixS Investment Technologies Inc now owns 2,900 shares of the energy company’s stock worth $27,000 after purchasing an additional 1,579 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Berry Petroleum during the 4th quarter worth $28,000. Zebra Capital Management LLC purchased a new position in shares of Berry Petroleum in the 1st quarter worth about $37,000. BNP Paribas Arbitrage SA grew its position in Berry Petroleum by 24.0% during the first quarter. BNP Paribas Arbitrage SA now owns 20,881 shares of the energy company’s stock valued at $50,000 after buying an additional 4,036 shares during the period. Finally, Marshall Wace North America L.P. bought a new position in Berry Petroleum during the first quarter valued at about $63,000. 96.86% of the stock is currently owned by hedge funds and other institutional investors.

About Berry Petroleum

Berry Petroleum Company, LLC., formerly Berry Petroleum Company, is an independent energy company. The Company is engaged in the production, development, exploitation, and acquisition of oil and natural gas. The Company’s principal reserves and producing properties are located in California (South Midway-Sunset (SMWSS)-Steam Floods, North Midway-Sunset (NMWSS)-Diatomite, NMWSS-New Steam Floods, Texas (Permian and E.

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Analyst Recommendations for Berry Petroleum (NASDAQ:BRY)

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