Berry Petroleum Corporation (NASDAQ:BRY) is reporting second quarter earnings results on Tuesday 4th August 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.22 per share.
For the full year, analysts predict revenues of $ 733.96 million, while looking forward to income of $ 0.74 per share.
Previous Quarter Performance
Berry Petroleum Corporation outlined income for the first quarter of $ 0.23 per share, from the revenue of $ 339.26 million. The quarterly earnings fell 23.33 percent while revenues improved 343.25 percent compared with the same quarter last year.
Street analysts expected Berry Petroleum Corporation to report income of $ 0.26 per share on revenue of $ 151.23 million for the first quarter. The bottom line results missed street analysts by $ 0.03 or 11.54 percent, at the same time, top line results outshined analysts by $ 188.03 million or 124.33 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of BRY was $ 4.75, representing a 160.99 % increase from the 52 week low of $ 1.82 and a 59.47 % decrease over the 52 week high of $ 11.72.
The company has a market capital of $ 378.85 million and is part of the Energy sector and Oil & Gas E&P industry.
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Recent Analyst recommendations
- On 29th June 2020, maintained by UBS Group at Buy rating, with $ 7.00 target price.
- On 25th June 2020, maintained by Wells Fargo & Co at Equal-Weight rating, with $ 5.00 target price.
Berry Petroleum Corporation, an independent upstream energy company, engages in the development and production of conventional oil reserves located in the western United States. The companys properties are located in the San Joaquin and Ventura basins, California; Uinta basin, Utah; and Piceance basin, Colorado. As of December 31, 2018, it had a total of 3,743 net producing wells.
