Berry Corp (NASDAQ: BRY) stock jumped 1.00% on Monday to $7.09 against a previous-day closing price of $7.02. With 0.61 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.9 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $7.14 whereas the lowest price it dropped to was $7.03. The 52-week range on BRY shows that it touched its highest point at $10.03 and its lowest point at $6.14 during that stretch. It currently has a 1-year price target of $9.00. With its current market cap of 536.50 million, BRY has annualized dividend of $0.97 while the current yield stands at 13.68%. Beta for the stock currently stands at 2.00.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BRY was down-trending over the past week, with a drop of -0.28%, but this was down by -15.13% over a month. Three-month performance dropped to -14.53% while six-month performance rose 3.55%. The stock lost -12.80% in the past year, while it has lost -5.07% so far this year. A look at the trailing 12-month EPS for BRY yields 0.55 with Next year EPS estimates of 1.06. For the next quarter, that number is 0.30. This implies an EPS growth rate of -78.71% for this year and 81.30% for next year.
Float and Shares Shorts:
At present, 75.77 million BRY shares are outstanding with a float of 73.99 million shares on hand for trading. On Oct 30, 2023, short shares totaled 2.49 million, which was 3.29% higher than short shares on Sep 28, 2023. In addition to Mr. Arthur T. Smith as the firm’s Executive Chairman, Mr. Fernando Araujo serves as its Chief Executive Officer.
Institutional Ownership:
Through their ownership of 97.19% of BRY’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.89% of BRY, in contrast to 39.83% held by mutual funds. Shares owned by individuals account for 24.41%. As the largest shareholder in BRY with 10.62% of the stake, Hotchkis & Wiley Capital Manageme holds 8,036,550 shares worth 8,036,550. A second-largest stockholder of BRY, Fidelity Management & Research Co, holds 5,440,738 shares, controlling over 7.19% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in BRY, holding 5,208,132 shares or 6.88% stake. With a 5.62% stake in BRY, the Fidelity Low Priced Stock Fund is the largest stakeholder. A total of 4,255,354 shares are owned by the mutual fund manager. The Hotchkis & Wiley Small Cap Value, which owns about 3.06% of BRY stock, is the second-largest Mutual Fund holder. It holds 2,316,900 shares valued at 19.35 million. Allspring Special Small Cap Value holds 2.87% of the stake in BRY, owning 2,169,286 shares worth 18.11 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BRY since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With BRY analysts setting a high price target of $13.00 and a low target of $7.00, the average target price over the next 12 months is $9.00. Based on these targets, BRY could surge 83.36% to reach the target high and fall by -1.27% to reach the target low. Reaching the average price target will result in a growth of 26.94% from current levels.
Dividends & Yield:
In terms of dividends, BRY has a current ratio of $0.97, which is $0.97 over the trailing 12-months, while a dividend of $0.42 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and BRY currently yields $13.68. In the past year, BRY’s dividend yield has been $13.68, but when looking at the stock over the past five years, its yield has been $6.14. Accordingly, BRY has a current buyback yield of $3.66. This was $3.66 for the TTM, and it was $– for the past five years.
Summary of Insider Activity:
Insiders traded BRY stock several times over the past three months with 1 Buys and 2 Sells. In these transactions, 10,929 shares were bought while 20,419 shares were sold. The number of buy transactions has increased to 27 while that of sell transactions has risen to 30 over the past year. The total number of shares bought during that period was 1,199,332 while 827,583 shares were sold.
