Berry (NASDAQ:BRY) Issues Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Berry (NASDAQ:BRY) posted its quarterly earnings results on Wednesday. The energy company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.04), Briefing.com reports. The firm had revenue of $202.31 million for the quarter, compared to analyst estimates of $182.65 million. Berry had a return on equity of 5.27% and a net margin of 4.14%. The company’s revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 EPS.

Berry Trading Up 0.1 %

Shares of Berry stock traded up $0.01 during trading hours on Thursday, reaching $8.04. The stock had a trading volume of 1,658,959 shares, compared to its average volume of 985,041. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.56. Berry has a 1 year low of $6.22 and a 1 year high of $8.94. The firm has a market capitalization of $618.60 million, a price-to-earnings ratio of 17.59 and a beta of 1.77. The firm has a 50 day simple moving average of $7.90 and a two-hundred day simple moving average of $7.39.

Berry Increases Dividend

The company also recently announced a None dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 15th were given a $0.26 dividend. This is a positive change from Berry’s previous None dividend of $0.21. This represents a dividend yield of 6.7%. The ex-dividend date of this dividend was Thursday, March 14th. Berry’s dividend payout ratio (DPR) is 104.35%.

Analyst Upgrades and Downgrades

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

Berry 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.