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Friday, September 29, 2023

Searching For Real Value In Market Debris At Berry Corporation (NASDAQ: BRY)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Berry Corporation (BRY) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.07, or -0.82%, to $8.50. The Berry Corporation has recorded 31,793 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted 28th Annual EnerCom Denver – The Energy Investment Conference Set to be held August 13-16, 2023 in Denver, Colorado.

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Stocks Info

As a NASDAQ listed company, BRY falls under the Energy sector while operating within the Oil & Gas E&P industry segment. The current market capitalization of Berry Corporation is $639.84M. A total of 0.84 million shares were traded on the day, compared to an average of 674.33K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, BRY has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 50,000 shares. Over the last 12 months, there were 27 BUYs and 30 SELLs from insiders. Insiders purchased 1,199,332 shares during that period but sold 10,335,944.

In the most recent transaction, Smith Arthur T. sold 81,365 shares of BRY for 8.28 per share on Aug 18. After the transaction, the Executive Chairman now owns 514,180 company shares. In a previous transaction on Aug 18, Hunter Danielle E. sold 10,000 shares at 8.25 per share. BRY shares that President owns now total 163,757.

Among the insiders who sold shares, Smith Arthur T. disposed of 18,635 shares on Aug 17 at a per-share price of $8.47. This resulted in the Executive Chairman holding 595,545 shares of BRY after the transaction. In another insider transaction, Hunter Danielle E. sold 14,800 shares at $8.50 per share on Aug 17. Company shares held by the President now total 173,757.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Berry Corporation pays an annual dividend of $0.48, resulting in a dividend yield of 5.60%, and it has a price to earnings (P/E) ratio of 2.46. BRY’s most recent ex-dividend date was 8/14/2023 when it declared a $0.14 quarterly dividend that was paid in cash on 8/25/2023. Previously, the company paid the dividend on 5/25/2023 with an ex-dividend date of 5/12/2023. The BRY stock dividend was $0.12 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for BRY in the last 3 months, the mean price target is $10.00 with high estimates of $13.00 and low estimates of $8.00. In terms of 52-week highs and lows, BRY has a high of $10.15 and a low of $6.22.

As of this writing, BRY has an earnings estimate of $0.16 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.23 per share and a lower estimate of $0.02. The company reported an EPS of $0.07 in the last quarter, which was -36.40% lower than expectations of $0.11.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. BRY’s latest balance sheet shows that the firm has $15.28M in Cash & Short Term Investments as of fiscal 2021. There were $394.57M in debt and $187.15M in liabilities at the time. Its Book Value Per Share was $9.91, while its Total Shareholder’s Equity was $692.65M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BRY is Buy with a score of 3.50.

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