Streetbeat News

BRY

Berry Corporation

https://www.bry.com

Industry

Oil & Gas Exploration & Production

Berry Corporation, an independent upstream energy company, engages in the development and production of conventional oil reserves located in the western United States. It operates in two segments, Development and Production, and Well Servicing and Abandonment. The company's properties are located in the San Joaquin and Ventura basins, California; and Uinta basin, Utah. As of December 31, 2021, it had a total of 3,417 net productive wells. The company was formerly known as Berry Petroleum Corporation and changed its name to Berry Corporation in February 2020. Berry Corporation was founded in 1909 and is headquartered in Dallas, Texas.

Open

4.35

Mkt cap

328M

Volume

323K

High

4.35

P/E Ratio

3.95

52-wk high

8.88

Low

4.22

Div yield

0.18

52-wk low

4.17

Berry Corp (NASDAQ:BRY) reported Q4 adjusted EPS of $0.13, missing the $0.24 estimate, and sales of $300.33M, beating the $182.37M estimate. This represents an 86.32% decrease in EPS and a 54.26% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:02 pm

Numerous companies are scheduled to report their earnings on March 6, 2024, covering a wide range of industries from technology to retail. Notable mentions include JD.com with expected earnings of $0.63 per share on a revenue of $42.16 billion, and Abercrombie & Fitch forecasting $2.83 per share on $1.43 billion revenue. Other companies like Foot Locker, Thor Industries, and Campbell Soup are also set to report their earnings, alongside firms expected to report losses such as WAVE Life Sciences and EVgo.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 10:00 am

Berry Corp (NASDAQ:BRY) is scheduled to release its quarterly earnings report on March 6, 2024, with analysts expecting an EPS of $0.24. The company's past earnings performance shows mixed results, with a miss last quarter but a subsequent 1.31% increase in share price. Over the last year, BRY shares have declined by 26.11%, indicating potential concern among long-term shareholders. Investors will be keenly watching for not only the earnings results but also the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 3:03 pm

Dorchester Minerals (NASDAQ:DMLP) announces a dividend payout of $1.01 per share with an annualized yield of 12.73%, payable on February 8, 2024, to shareholders of record as of January 29, 2024. The company has shown a consistent increase in dividend per share from $1.39 in 2020 to $3.40 in 2023, alongside a growth in earnings per share from $0.79 to $2.65 over the same period. This indicates a healthy financial status and a potential to maintain dividend distributions. Berry Corp (NASDAQ:BRY) is noted for having the highest annualized dividend yield among peers at 15.04%.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 3:05 pm

Berry Corporation (BRY) has estimated that its total production for the year 2023 will be approximately 23,500 barrels of oil equivalent per day.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 7:14 pm

Kimbell Royalty Partners (NYSE:KRP) is distributing a dividend of $0.51 per share today, with an annualized yield of 12.66%. The dividend went ex-dividend on November 10, 2023. The company has shown a steady increase in dividend per share from $1.58 in 2019 to $1.88 in 2022, and earnings per share have grown from $-1.58 to $1.71 over the same period. This suggests a strong financial position and potential for future dividend increases. Berry Corp (NASDAQ:BRY) has the highest annualized dividend yield in the industry at 13.82%.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 3:05 pm

Piper Sandler analyst Mark Lear has maintained a Neutral rating on Berry Corp (NASDAQ:BRY) but has reduced the price target from $9 to $8.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 3:25 pm

Dorchester Minerals (NASDAQ:DMLP) will distribute a dividend payout of $0.85 per share, translating to an annualized dividend yield of 11.72%. The company has shown a positive trend in dividend per share and earnings per share from 2019 to 2022, indicating a healthy financial status. Berry Corp (NASDAQ:BRY) leads the industry with the highest annualized dividend yield at 13.59%.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 3:05 pm

Berry Corporation reported a year-over-year decrease in Q3 financial results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 7:36 pm

Berry Corp (NASDAQ:BRY) reported Q3 earnings of $0.15 per share, missing the analyst consensus estimate of $0.23 by 34.78%. This is a 72.73% decrease from the same period last year. The company also reported quarterly sales of $118.80 million, missing the analyst consensus estimate of $182.43 million by 34.88%. This is a 68.44% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 11:03 am

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