In a report released yesterday, Thomas Hughes CFA from Wells Fargo maintained a Hold rating on Berry Petroleum (BRY). The company’s shares closed last Thursday at $2.24, close to its 52-week low of $1.83.
According to TipRanks.com, CFA has currently no stars on a ranking scale of 0-5 stars, with an average return of -34.8% and a 11.8% success rate. CFA covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development, Matador Resources, and Whiting Petroleum.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Berry Petroleum with a $4.50 average price target.
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Berry Petroleum’s market cap is currently $160.2M and has a P/E ratio of 4.50. The company has a Price to Book ratio of 0.20.
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Berry Corp. is an independent upstream energy company, which engages in the development and production of conventional oil reserves. The company was founded by C. J. Berry in 1909 and is headquartered in Dallas, TX.
