R Squared Ltd Invests $29,000 in Berry Co. (NASDAQ:BRY)

R Squared Ltd bought a new stake in Berry Co. (NASDAQ:BRY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,910 shares of the energy company’s stock, valued at approximately $29,000.

Other institutional investors have also bought and sold shares of the company. McIlrath & Eck LLC acquired a new stake in Berry in the third quarter worth $47,000. International Assets Investment Management LLC acquired a new stake in shares of Berry in the 3rd quarter valued at about $530,000. Quarry LP increased its position in Berry by 390.6% in the 3rd quarter. Quarry LP now owns 12,643 shares of the energy company’s stock valued at $65,000 after buying an additional 10,066 shares in the last quarter. FMR LLC raised its stake in Berry by 40.9% during the 3rd quarter. FMR LLC now owns 17,606 shares of the energy company’s stock worth $90,000 after buying an additional 5,115 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in Berry by 29.0% in the second quarter. Mackenzie Financial Corp now owns 19,311 shares of the energy company’s stock worth $125,000 after acquiring an additional 4,343 shares in the last quarter. Institutional investors own 94.88% of the company’s stock.

Berry Stock Down 2.5 %

Shares of NASDAQ BRY opened at $4.25 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.80 and a quick ratio of 0.80. The company has a 50-day moving average price of $4.31 and a 200-day moving average price of $5.12. The stock has a market capitalization of $327.00 million, a P/E ratio of 3.94 and a beta of 1.62. Berry Co. has a 1 year low of $3.72 and a 1 year high of $8.88.

Berry (NASDAQ:BRY) last released its quarterly earnings results on Thursday, November 7th. The energy company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The company had revenue of $259.80 million for the quarter, compared to analyst estimates of $186.67 million. Berry had a net margin of 9.40% and a return on equity of 6.50%. Berry’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 EPS. On average, equities research analysts forecast that Berry Co. will post 0.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Piper Sandler lowered their target price on Berry from $7.00 to $5.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th.

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.