BMO Capital Believes Berry Petroleum Corp (BRY) Won’t Stop Here
In a report issued on October 9, Phillip Jungwirth from BMO Capital reiterated a Buy rating on Berry Petroleum Corp (NASDAQ: BRY), with a price target of $20. The company’s shares opened today at $16.50, close to its 52-week high of $18.55.
According to TipRanks.com, Jungwirth is a 4-star analyst with an average return of 8.2% and a 60.4% success rate. Jungwirth covers the Basic Materials sector, focusing on stocks such as Continental Resources, Anadarko Petroleum, and Devon Energy Corp.
Currently, the analyst consensus on Berry Petroleum Corp is a Moderate Buy with an average price target of $19.50, a 18.2% upside from current levels. In a report issued on October 8, UBS also maintained a Buy rating on the stock with a $21 price target.
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The company has a one-year high of $18.55 and a one-year low of $3. Currently, Berry Petroleum Corp has an average volume of 689.7K.
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is neutral on the stock.
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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.