Caprock Group LLC Invests $70,000 in Berry Co. (NASDAQ:BRY)

Caprock Group LLC purchased a new position in shares of Berry Co. (NASDAQ:BRY) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 16,916 shares of the energy company’s stock, valued at approximately $70,000.

Several other hedge funds have also made changes to their positions in BRY. R Squared Ltd acquired a new stake in Berry in the 4th quarter valued at approximately $29,000. McIlrath & Eck LLC purchased a new position in shares of Berry during the third quarter worth $47,000. International Assets Investment Management LLC purchased a new stake in shares of Berry in the 3rd quarter valued at $530,000. Quarry LP boosted its stake in shares of Berry by 390.6% in the third quarter. Quarry LP now owns 12,643 shares of the energy company’s stock valued at $65,000 after purchasing an additional 10,066 shares during the period. Finally, EMC Capital Management increased its position in shares of Berry by 149.7% during the fourth quarter. EMC Capital Management now owns 13,780 shares of the energy company’s stock worth $57,000 after acquiring an additional 8,261 shares during the period. Hedge funds and other institutional investors own 94.88% of the company’s stock.

Berry Stock Down 1.4 %

Shares of NASDAQ:BRY opened at $4.22 on Friday. Berry Co. has a fifty-two week low of $3.72 and a fifty-two week high of $8.88. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.54. The stock has a market cap of $324.69 million, a price-to-earnings ratio of 3.91 and a beta of 1.62. The firm’s 50 day moving average price is $4.34 and its 200 day moving average price is $5.08.

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

Wall Street Analyst Weigh In

Separately, Piper Sandler lowered their target price on Berry from $7.00 to $5.00 and set a “neutral” rating for the company in a research note 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.