Berry (NASDAQ:BRY – Get Free Report) announced its earnings results on Wednesday. The energy company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.04), Briefing.com reports. The company had revenue of $202.31 million for the quarter, compared to the consensus estimate of $182.65 million. Berry had a return on equity of 5.27% and a net margin of 4.14%. The business’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 EPS.
Berry Stock Performance
NASDAQ:BRY traded up $0.06 during mid-day trading on Thursday, reaching $8.09. 800,161 shares of the company’s stock were exchanged, compared to its average volume of 972,682. Berry has a one year low of $6.22 and a one year high of $8.94. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.63 and a current ratio of 0.63. The business’s fifty day simple moving average is $7.90 and its two-hundred day simple moving average is $7.39. The firm has a market capitalization of $622.44 million, a PE ratio of 17.37 and a beta of 1.77.
Berry Increases Dividend
The firm also recently announced a None dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 15th were given a $0.26 dividend. This represents a dividend yield of 6.7%. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Berry’s previous None dividend of $0.21. Berry’s payout ratio is presently 104.35%.
Analyst Ratings Changes
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About Berry
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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