Berry Corporation (BRY): Analysis on simple moving average

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Berry Corporation (NASDAQ:BRY) changes shares on Tuesday trading session, with a change of 3.16% or $0.15 shares. The trading starts at $4.74 and closed at $4.75 throughout the day. The trading session low price was $4.72 and day high was $5.02 on Tuesday, August 04. After the session, the Energy sector daily volume shifted to 0.22 million while its average volume is 486.28K. In other hand, the BRY market cap reached to $407.83M. While, its current target price is $5.92.

On November 20, 2019, CANADA STOCKS-TSX futures dip as U.S.-China trade tensions escalate again. According to the news reported on Reuters, Canada’s main stock index futures were lower on Wednesday, as Sino-U.S. trade tensions escalated after China condemned U.S. Senate measures on Hong Kong.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -0.61% and up 6.99% for month. Its quarterly performance was 49.39% above, while its half year performance is down -28.26%. BRY yearly performance stood at negative -44.38% and fall -48.04% for year-to-date. Current recommendation for Berry Corporation is 2.60.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. BRY EPS (TTM) for 12-month is -0.49. EPS for this year is -12.10%, while for the next year its value is -0.26. Its EPS Q/Q reached -247.30%. It has an EPS of next five years will be up 15.00%.

Let’s take a look on the analyst recommendations on BRY for the current month and previous month. For the current month, 1 of 8 analysts recommend stock as Buy while 0 as Sell, 2 as overweight, 0 as underweight and 5 as Hold. As compared with the previous month ratings, 7 analysts participate in stock recommendation. Out of 7, 0 rated it sell, 1 rated it as Buy and 4 as Hold Ratings. On the other hand, target price ranges from $4.50 – $7.00. Average target price for BRY was reached at $5.92.

Oaktree Capital Management, LP, Benefit Street Partners, LLC and Vanguard Group, Inc. (The) are the top three holders in Berry Corporation (BRY) stock. On Mar 30, 2020, Oaktree Capital Management, LP has 12.91 million shares which valued 31.12 million. On Mar 30, 2020, Benefit Street Partners, LLC owned 11.84 million shares which valued at 28.54 million. On Mar 30, 2020, Vanguard Group, Inc. (The) has a total of 5.74 million shares which valued at 13.82 million. In the end, Vanguard Group, Inc. (The) have 7.19% shares outstanding of Berry Corporation (BRY) on Mar 30, 2020. The insider ownership moved to 1.10% and institutional holding shifted to 98.10%.

The company posted an EPS (TTM) of -0.49. According to the most recent quarter report on (Sep 2020), 8 analysts estimated an average EPS of 0.17, while 0.4 EPS posted a year ago period. Analyst Estimated EPS for BRY published in the report was $0.04 – $0.32 during the same period. Comparing with last year, the average estimated EPS was 0.4 which is higher than 0.06 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for BRY fall -19.48% for period of 200 days. SMA for 50 days was 0.78% which is showing green signal, while SMA-20 was 3.52%. The moving average value for Berry Corporation (BRY) is 4.6054 and 4.8100 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in BRY stock. On Dec 20, Benefit Street Partners LLC, Director, sold 16,830 trading shares at the cost of $9.15, which valued at 0.15 million. On Dec 12, Benefit Street Partners LLC, Director, sold 534,959 shares at the cost of $8.69, with total shares of 0. On Dec 11, Benefit Street Partners LLC, Director, sold 365,041 shares at the cost of 8.47. After this transaction, Benefit Street Partners LLC total shares reached to 534,959 which valued at 3.09 million.