Berry Petroleum Company LLC Plans Dividend of $0.12 (NASDAQ:BRY)

Berry Petroleum Company LLC (NASDAQ:BRY) declared a dividend on Thursday, November 7th, Fidelity reports. Investors of record on Friday, December 13th will be paid a dividend of 0.12 per share by the energy company on Wednesday, January 15th. The ex-dividend date is Thursday, December 12th.

Berry Petroleum stock traded up $0.06 during trading hours on Tuesday, hitting $8.64. The stock had a trading volume of 29,306 shares, compared to its average volume of 1,500,120. Berry Petroleum has a 1-year low of $6.87 and a 1-year high of $13.29. The stock has a market capitalization of $689.29 million, a price-to-earnings ratio of 6.86, a PEG ratio of 0.42 and a beta of 2.32. The stock’s fifty day moving average is $9.32 and its two-hundred day moving average is $9.65. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.87 and a quick ratio of 0.87.

Berry Petroleum (NASDAQ:BRY) last released its quarterly earnings results on Thursday, November 7th. The energy company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $160.70 million. As a group, sell-side analysts anticipate that Berry Petroleum will post 1.35 EPS for the current year.

Several equities analysts have weighed in on BRY shares. Zacks Investment Research downgraded shares of Berry Petroleum from a “hold” rating to a “sell” rating in a report on Tuesday, November 12th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Berry Petroleum in a report on Friday. BMO Capital Markets downgraded shares of Berry Petroleum from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $13.00 to $10.00 in a report on Wednesday, November 27th. Evercore ISI assumed coverage on shares of Berry Petroleum in a research report on Wednesday, November 20th. They issued a “hold” rating and a $12.00 price target on the stock. Finally, ValuEngine raised shares of Berry Petroleum from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Berry Petroleum has an average rating of “Hold” and a consensus price target of $10.81.

In other news, COO Gary A. Grove purchased 12,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were bought at an average cost of $7.05 per share, with a total value of $84,600.00. Following the purchase, the chief operating officer now directly owns 151,362 shares of the company’s stock, valued at $1,067,102.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anne L. Mariucci purchased 13,403 shares of the stock in a transaction dated Wednesday, November 27th. The shares were purchased at an average price of $7.47 per share, with a total value of $100,120.41. Following the completion of the acquisition, the director now owns 19,772 shares of the company’s stock, valued at $147,696.84. The disclosure for this purchase can be found here. Insiders bought 54,403 shares of company stock worth $389,270 over the last 90 days. Company insiders own 0.59% of the company’s stock.

Berry Petroleum Company Profile

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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Dividend History for Berry Petroleum (NASDAQ:BRY)

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