In a report issued on January 27, Kashy Harrison from Piper Jaffray reiterated a Buy rating on Berry Petroleum Corp (BRY), with a price target of $12. The company’s shares closed yesterday at $11.24.
According to TipRanks.com, Harrison ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -12.7% and a 21.1% success rate. Harrison covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, Whiting Petroleum Corp, and Continental Resources.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Berry Petroleum Corp with a $12 average price target.
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Based on Berry Petroleum Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $36.99 million. In comparison, last year the company had a GAAP net loss of $40.45 million.
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BRY in relation to earlier this year.
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Berry Petroleum Corp. is an independent upstream energy company, which engages in the development and production of conventional oil reserves. The company was founded in 1909 and is headquartered in Bakersfield, CA.
