Berry Petroleum VP Sells $244,374 in Stock (BRY)
Berry Petroleum (NYSE:BRY) VP Davis O’connor sold 5,456 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $44.79, for a total value of $244,374.24. Following the sale, the vice president now directly owns 12,235 shares in the company, valued at approximately $548,006. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
BRY has been the subject of a number of recent research reports. Analysts at Wunderlich upgraded shares of Berry Petroleum from a “hold” rating to a “buy” rating in a research note to investors on Monday, August 12th. They now have a $50.00 price target on the stock, up previously from $46.00. Analysts at RBC Capital cut their price target on shares of Berry Petroleum from $47.00 to $44.00 in a research note to investors on Thursday, August 8th. They now have a “sector perform” rating on the stock. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Berry Petroleum currently has a consensus rating of “Hold” and a consensus target price of $43.80.
Berry Petroleum (NYSE:BRY) traded up 0.01% during mid-day trading on Friday, hitting $45.835. 189,474 shares of the company’s stock traded hands. Berry Petroleum has a one year low of $30.21 and a one year high of $48.99. The stock’s 50-day moving average is $43.23 and its 200-day moving average is $43.58. The company has a market cap of $2.495 billion and a P/E ratio of 16.96.
Berry Petroleum (NYSE:BRY) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by $0.03. The company had revenue of $286.86 million for the quarter, compared to the consensus estimate of $276.31 million. The company’s revenue for the quarter was up 24.9% on a year-over-year basis. On average, analysts predict that Berry Petroleum will post $3.22 earnings per share for the current fiscal year.
Berry Petroleum Company is an independent energy company engaged in the production, development, exploitation and acquisition of oil and natural gas.
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