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Berry Corp (BRY) Stock Could Soon Reward Patient Investors

Berry Corp (NASDAQ: BRY) is -37.47% lower on its value in year-to-date trading and has touched a low of $4.16 and a high of $8.80 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BRY stock was last observed hovering at around $4.47 in the last trading session, with the day’s loss setting it -0.19%.

Currently trading at $4.28, the stock is -13.53% and -17.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.34 million and changing -4.25% at the moment leaves the stock -34.14% off its SMA200. BRY registered -38.51% loss for a year compared to 6-month loss of -40.16%. The firm has a 50-day simple moving average (SMA 50) of $5.1602 and a 200-day simple moving average (SMA200) of $6.5558.

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The stock witnessed a -20.15% gain in the last 1 month and extending the period to 3 months gives it a -33.42%, and is -5.93% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.55% over the week and 4.72% over the month.

Berry Corp (BRY) has around 1282 employees, a market worth around $315.30M and $848.73M in sales. Current P/E ratio is 3.98 and Fwd P/E is 7.64. Profit margin for the company is 9.85%. Distance from 52-week low is 2.76% and -51.39% from its 52-week high. The company has generated returns on investments over the last 12 months (7.39%).

with sales reaching $183M over the same period.The EPS is expected to shrink by -20.39% this year, but quarterly earnings will post -14.55% year-over-year. Quarterly sales are estimated to shrink -39.07% in year-over-year returns.

Berry Corp (BRY) Top Institutional Holders

254.0 institutions hold shares in Berry Corp (BRY), with institutional investors hold 92.23% of the company’s shares. The shares outstanding are 75.67M, and float is at 74.97M with Short Float at 3.17%. Institutions hold 89.86% of the Float.

The top institutional shareholder in the company is BLACKROCK INC. with over 6.55 million shares valued at $42.34 million. The investor’s holdings represent 8.596% of the BRY Shares outstanding. As of 2024-06-30, the second largest holder is HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC with 6.34 million shares valued at $40.96 million to account for 8.3151 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 5.13 million shares representing 6.7289% and valued at over $33.15 million, while DIMENSIONAL FUND ADVISORS LP holds 5.9374 of the shares totaling 4.53 million with a market value of $29.25 million.

Berry Corp (BRY) Insider Activity

The most recent transaction is an insider sale by Araujo Fernando, the company’s Chief Executive Officer. SEC filings show that Araujo Fernando sold 33,950 shares of the company’s common stock on Aug 23 ’24 at a price of $6.22 per share for a total of $0.21 million. Following the sale, the insider now owns 0.25 million shares.

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