Berry (NASDAQ:BRY) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Berry (NASDAQ:BRY) released its earnings results on Wednesday. The energy company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.04), Briefing.com reports. The firm had revenue of $202.31 million during the quarter, compared to analysts’ expectations of $182.65 million. Berry had a net margin of 0.41% and a return on equity of 6.15%. The business’s revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.07 EPS.

Berry Price Performance

NASDAQ:BRY opened at $8.00 on Friday. 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 0.65, a quick ratio of 0.63 and a current ratio of 0.60. The stock has a market cap of $615.52 million, a PE ratio of 800.00 and a beta of 1.77. The stock has a 50 day moving average price of $7.94 and a 200 day moving average price of $7.39.

Berry Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Wednesday, May 15th will be issued a $0.12 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.48 annualized dividend and a dividend yield of 6.00%. Berry’s dividend payout ratio is presently 4,800.00%.

Analyst Ratings Changes

Separately, TheStreet upgraded Berry from a “c” rating to a “b-” rating in a research report on Friday, March 8th.

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.