Berry Petroleum Company LLC (NASDAQ:BRY) CEO Purchases $107,250.00 in Stock

Berry Petroleum Company LLC (NASDAQ:BRY) CEO Arthur T. Smith purchased 15,000 shares of Berry Petroleum stock in a transaction that occurred on Friday, November 22nd. The shares were acquired at an average price of $7.15 per share, with a total value of $107,250.00. Following the acquisition, the chief executive officer now directly owns 218,566 shares of the company’s stock, valued at approximately $1,562,746.90. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Berry Petroleum stock traded down $0.03 during midday trading on Friday, reaching $7.01. 1,115,700 shares of the company’s stock were exchanged, compared to its average volume of 813,841. Berry Petroleum Company LLC has a 52 week low of $6.87 and a 52 week high of $13.49. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $720.88 million, a price-to-earnings ratio of 5.56, a P/E/G ratio of 0.44 and a beta of 2.47. The stock’s 50-day simple moving average is $9.89 and its 200 day simple moving average is $9.93.

Berry Petroleum (NASDAQ:BRY) last posted its quarterly earnings results on Thursday, November 7th. The energy company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. Berry Petroleum had a return on equity of 11.49% and a net margin of 25.26%. The business had revenue of $194.67 million during the quarter, compared to analysts’ expectations of $160.70 million. Research analysts forecast that Berry Petroleum Company LLC will post 1.35 earnings per share for the current year.

Several large investors have recently modified their holdings of the company. Oaktree Capital Management LP boosted its holdings in shares of Berry Petroleum by 65.1% during the second quarter. Oaktree Capital Management LP now owns 12,891,717 shares of the energy company’s stock worth $136,653,000 after acquiring an additional 5,085,000 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Berry Petroleum by 0.6% during the second quarter. Vanguard Group Inc. now owns 4,891,766 shares of the energy company’s stock worth $51,852,000 after acquiring an additional 31,136 shares during the period. BlackRock Inc. boosted its holdings in shares of Berry Petroleum by 12.7% during the second quarter. BlackRock Inc. now owns 3,565,916 shares of the energy company’s stock worth $37,798,000 after acquiring an additional 402,825 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Berry Petroleum by 35.9% during the second quarter. Wells Fargo & Company MN now owns 1,229,999 shares of the energy company’s stock worth $13,038,000 after acquiring an additional 325,111 shares during the period. Finally, Caymus Capital Partners L.P. bought a new stake in shares of Berry Petroleum during the third quarter worth approximately $11,168,000.

A number of research firms recently commented on BRY. ValuEngine upgraded Berry Petroleum from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Evercore ISI began coverage on Berry Petroleum in a report on Wednesday. They set a “hold” rating and a $12.00 price target for the company. Johnson Rice cut Berry Petroleum from a “buy” rating to an “accumulate” rating in a report on Tuesday. Tudor Pickering cut Berry Petroleum from a “buy” rating to a “hold” rating and set a $11.00 price target for the company. in a report on Wednesday. Finally, Zacks Investment Research cut Berry Petroleum from a “hold” rating to a “sell” rating in a report on Tuesday, November 12th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $10.38.

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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