Berry Corporation, an independent upstream energy company, engages in the development and production of conventional oil reserves located in the western United States. The company's properties are located in the San Joaquin and Ventura basins, California; Uinta basin, Utah; and Piceance basin, Colorado. As of December 31, 2020, it had a total of 3,763 net producing wells. The company was formerly known as Berry Petroleum Corporation and changed its name to Berry Corporation in February 2020. Berry Corporation was founded in 1909 and is headquartered in Dallas, Texas.
IPO Year: 2018
Exchange: NASDAQ
Website: bry.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/14/2023 | $9.00 | Overweight → Neutral | Piper Sandler |
| 7/17/2023 | $9.00 → $8.00 | Buy → Hold | Jefferies |
| 10/19/2022 | $10.00 | Buy | Jefferies |
| 4/7/2022 | $11.00 → $14.00 | Neutral → Overweight | Piper Sandler |
| 3/10/2022 | $10.00 → $11.00 | Neutral | Piper Sandler |
| 3/9/2022 | $11.00 → $12.00 | Overweight | Keybanc |
| 10/21/2021 | $10.00 → $11.00 | Overweight | Keybanc |
| 10/19/2021 | $9.00 → $10.00 | Overweight | Keybanc |
| 10/14/2021 | $8.00 → $9.00 | Overweight | Keybanc |
| 10/4/2021 | $16.00 | Buy → Accumulate | Johnson Rice |
DALLAS, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Berry Corporation (NASDAQ:BRY) ("Berry" or the "Company") today announced it will report fourth quarter and full year 2024 results on Wednesday, March 12, 2025, after the close of U.S. financial markets and will host a conference call and webcast Thursday morning, March 13, 2025, to discuss these results; details and links are provided below. Earnings Call Information Call Date: Thursday, March 13, 2025Call Time:11:00 a.m. Eastern Time / 10:00 a.m. Central Time / 8:00 a.m. Pacific Time Join the live listen-only audio webcast at https://edge.media-server.com/mmc/p/jocmjm36 or at https://bry.com/category/events If you would like to ask a question
DALLAS, Dec. 26, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") announced the closing of a comprehensive refinancing of its existing indebtedness on December 24, 2024 (the "Transactions"), providing the Company with capital and liquidity to continue progressing Berry's corporate strategy: Ensuring capital and liquidity to execute on the Company's development plans including unlocking the significant upside potential in Utah to drive long-term shareholder valueExtending the Company's debt maturities enables Berry to execute on strategic growth opportunities that provide scale and geographic diversificationSustaining production at current levels whi
DALLAS, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") today reported third quarter 2024 results and quarterly fixed dividends totaling $0.03 per share. The Company also announced entry into a new $545 million term loan facility that will enable the successful completion of a transformative debt refinancing. The details for today's earnings call, also accessible by webcast, are listed below. Quarterly Highlights Third quarter production averaged 24,800 BOE per day, with production increasing at the end of the quarter as additional wells were brought onlineAnnual 2024 production expected to reach the mid-po
DALLAS, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (NASDAQ:BRY) ("Berry" or the "Company") today announced it will report third quarter 2024 results on Thursday, November 7, 2024, before the open of U.S. financial markets and will host a conference call and webcast that morning to discuss these results; details and links are provided below. Earnings Call Information Call Date:Thursday, November 7, 2024Call Time:11:00 am a.m. Eastern Time / 10:00 a.m. Central Time / 8:00 a.m. Pacific Time Join the live listen-only audio webcast at https://edge.media-server.com/mmc/p/tysxczje or at https://bry.com/category/events If you would like to ask a question on the live call, p
DALLAS, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") is reaffirming its strong liquidity position consisting of $94 million of available borrowing capacity under its reserve-based lending ("RBL") facility and $11 million of cash as of August 23, 2024, as well as its expectation of significant free cash flow generation continuing during the second half of 2024. As of August 23, 2024, the Company's borrowings outstanding under its RBL facility were $22 million, reflecting a reduction of approximately 57%, or $29 million, since the first quarter of 2024. This reduction included the final payment of $20 million made in July on the 2023 Macp
DALLAS, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") announced that its press release issued under the headline "Berry Corporation Reports Second Quarter 2024 Financial and Operating Results" on August 9, 2024, was changed only to correct the record date and payment date for the dividends on its outstanding common stock set forth under the heading "Quarterly Dividends." The dividend amounts have not changed. The dividends will be payable on August 30, 2024, to all stockholders of record as of the close of business on August 23, 2024, not payable on August 20, 2024, to all stockholders of record on August 12, 2024, as previously disclosed
DALLAS, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") announced second quarter 2024 results and declared quarterly dividends totaling $0.17 per share. The details for today's earnings call and webcast are listed below. Quarterly Highlights & Recent Announcements Produced 25,300 Boe/d, flat to first quarter; above the midpoint of 2024 annual guidance of 25,200 boe/dCost reductions on pace, highlighted by 11% sequential quarter decrease in Lease Operating ExpensesDeclared second quarter dividends of $0.17 per share, including $0.12/share fixed and $0.05/share variableFour horizontal farm-in wells from the Uinta Basin's prolific Uteland B
DALLAS, July 30, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (NASDAQ:BRY) ("Berry" or the "Company") today announced it will report second quarter 2024 results on Friday, August 9, 2024, before the open of U.S. financial markets and will host a conference call and webcast that morning to discuss these results; details and links are provided below. Earnings Call Information Call Date: Friday, August 9, 2024 Call Time: 8:30 am a.m. Eastern Time / 7:30 a.m. Central Time / 5:30 a.m. Pacific Time Join the live listen-only audio webcast at https://edge.media-server.com/mmc/p/pq98oify or at https://bry.com/category/e
DALLAS, May 01, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") announced first quarter 2024 results and declared a fixed dividend. The details for today's earnings call and webcast are listed below. Quarterly Highlights & Recent Announcements Produced 25,400 boe/d, above the midpoint of 2024 annual guidance of 25,200 boe/dDeclared first quarter fixed dividends of $0.12 per shareAcquired all necessary 2024 California Greenhouse Gas allowances at a 7% discount to the projected costSigned agreement to farm into four horizontal wells immediately offsetting our Uinta Basin, UT acreage; wells expected to be on production by
DALLAS, April 03, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (NASDAQ:BRY) ("Berry" or the "Company") today announced it will report first quarter 2024 results on Wednesday, May 1, 2024, before the open of U.S. financial markets and will host a conference call and webcast that morning to discuss these results; details and links are provided below. Earnings Call Information Call Date:Wednesday, May 1, 2024Call Time:11:00 a.m. Eastern Time / 10:00 a.m. Central Time / 8:00 a.m. Pacific Time Join the live listen-only audio webcast at https://edge.media-server.com/mmc/p/93zafnyz or at https://bry.com/category/events If you would like to ask a question on the live call, please preregister at
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DALLAS, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Berry Corporation (NASDAQ:BRY) ("Berry" or the "Company") today announced it will report fourth quarter and full year 2024 results on Wednesday, March 12, 2025, after the close of U.S. financial markets and will host a conference call and webcast Thursday morning, March 13, 2025, to discuss these results; details and links are provided below. Earnings Call Information Call Date: Thursday, March 13, 2025Call Time:11:00 a.m. Eastern Time / 10:00 a.m. Central Time / 8:00 a.m. Pacific Time Join the live listen-only audio webcast at https://edge.media-server.com/mmc/p/jocmjm36 or at https://bry.com/category/events If you would like to ask a question
HOUSTON and TUPELO, Miss., Jan. 21, 2025 /PRNewswire/ -- Cadence Bank (NYSE:CADE) today announced the appointment of Fernando Araujo and Alice Rodriguez to its board of directors, effective Jan. 17, 2025. Araujo and Rodriguez join the board as independent directors. Araujo is an accomplished executive with more than 30 years of experience in all aspects of oil and gas upstream operations. He has served as the chief executive officer of Berry Corporation (NASDAQ:BRY), a company engaged in the safe and responsible development and production of conventional oil reserves in the We
DALLAS, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") today announced the appointment of Jeff Magids as the Company's Vice President, Chief Financial Officer, effective January 21, 2025. Mike Helm will continue in his position as Vice President, Chief Accounting Officer. Jeff's extensive experience, including in finance, capital markets and M&A, enhances the Company's financial and strategic leadership capabilities and underscores the Company's focus on delivering sustainable, long-term growth and value creation. "I am excited to welcome Jeff to the team. His experience is well aligned with our strategy and will help drive us forward as
DALLAS, Dec. 26, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") announced the closing of a comprehensive refinancing of its existing indebtedness on December 24, 2024 (the "Transactions"), providing the Company with capital and liquidity to continue progressing Berry's corporate strategy: Ensuring capital and liquidity to execute on the Company's development plans including unlocking the significant upside potential in Utah to drive long-term shareholder valueExtending the Company's debt maturities enables Berry to execute on strategic growth opportunities that provide scale and geographic diversificationSustaining production at current levels whi
DALLAS, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") today reported third quarter 2024 results and quarterly fixed dividends totaling $0.03 per share. The Company also announced entry into a new $545 million term loan facility that will enable the successful completion of a transformative debt refinancing. The details for today's earnings call, also accessible by webcast, are listed below. Quarterly Highlights Third quarter production averaged 24,800 BOE per day, with production increasing at the end of the quarter as additional wells were brought onlineAnnual 2024 production expected to reach the mid-po
DALLAS, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (NASDAQ:BRY) ("Berry" or the "Company") today announced it will report third quarter 2024 results on Thursday, November 7, 2024, before the open of U.S. financial markets and will host a conference call and webcast that morning to discuss these results; details and links are provided below. Earnings Call Information Call Date:Thursday, November 7, 2024Call Time:11:00 am a.m. Eastern Time / 10:00 a.m. Central Time / 8:00 a.m. Pacific Time Join the live listen-only audio webcast at https://edge.media-server.com/mmc/p/tysxczje or at https://bry.com/category/events If you would like to ask a question on the live call, p
DALLAS, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") is reaffirming its strong liquidity position consisting of $94 million of available borrowing capacity under its reserve-based lending ("RBL") facility and $11 million of cash as of August 23, 2024, as well as its expectation of significant free cash flow generation continuing during the second half of 2024. As of August 23, 2024, the Company's borrowings outstanding under its RBL facility were $22 million, reflecting a reduction of approximately 57%, or $29 million, since the first quarter of 2024. This reduction included the final payment of $20 million made in July on the 2023 Macp
DALLAS, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") announced that its press release issued under the headline "Berry Corporation Reports Second Quarter 2024 Financial and Operating Results" on August 9, 2024, was changed only to correct the record date and payment date for the dividends on its outstanding common stock set forth under the heading "Quarterly Dividends." The dividend amounts have not changed. The dividends will be payable on August 30, 2024, to all stockholders of record as of the close of business on August 23, 2024, not payable on August 20, 2024, to all stockholders of record on August 12, 2024, as previously disclosed
DALLAS, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") announced second quarter 2024 results and declared quarterly dividends totaling $0.17 per share. The details for today's earnings call and webcast are listed below. Quarterly Highlights & Recent Announcements Produced 25,300 Boe/d, flat to first quarter; above the midpoint of 2024 annual guidance of 25,200 boe/dCost reductions on pace, highlighted by 11% sequential quarter decrease in Lease Operating ExpensesDeclared second quarter dividends of $0.17 per share, including $0.12/share fixed and $0.05/share variableFour horizontal farm-in wells from the Uinta Basin's prolific Uteland B
DALLAS, July 30, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (NASDAQ:BRY) ("Berry" or the "Company") today announced it will report second quarter 2024 results on Friday, August 9, 2024, before the open of U.S. financial markets and will host a conference call and webcast that morning to discuss these results; details and links are provided below. Earnings Call Information Call Date: Friday, August 9, 2024 Call Time: 8:30 am a.m. Eastern Time / 7:30 a.m. Central Time / 5:30 a.m. Pacific Time Join the live listen-only audio webcast at https://edge.media-server.com/mmc/p/pq98oify or at https://bry.com/category/e
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8-K - Berry Corp (bry) (0001705873) (Filer)
8-K - Berry Corp (bry) (0001705873) (Filer)
HOUSTON and TUPELO, Miss., Jan. 21, 2025 /PRNewswire/ -- Cadence Bank (NYSE:CADE) today announced the appointment of Fernando Araujo and Alice Rodriguez to its board of directors, effective Jan. 17, 2025. Araujo and Rodriguez join the board as independent directors. Araujo is an accomplished executive with more than 30 years of experience in all aspects of oil and gas upstream operations. He has served as the chief executive officer of Berry Corporation (NASDAQ:BRY), a company engaged in the safe and responsible development and production of conventional oil reserves in the We
DALLAS, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") today announced the appointment of Jeff Magids as the Company's Vice President, Chief Financial Officer, effective January 21, 2025. Mike Helm will continue in his position as Vice President, Chief Accounting Officer. Jeff's extensive experience, including in finance, capital markets and M&A, enhances the Company's financial and strategic leadership capabilities and underscores the Company's focus on delivering sustainable, long-term growth and value creation. "I am excited to welcome Jeff to the team. His experience is well aligned with our strategy and will help drive us forward as
Piper Sandler downgraded Berry Petroleum from Overweight to Neutral and set a new price target of $9.00
Jefferies downgraded Berry Petroleum from Buy to Hold and set a new price target of $8.00 from $9.00 previously
Jefferies initiated coverage of Berry Petroleum with a rating of Buy and set a new price target of $10.00
Piper Sandler upgraded Berry Petroleum from Neutral to Overweight and set a new price target of $14.00 from $11.00 previously
Piper Sandler reiterated coverage of Berry (bry) with a rating of Neutral and set a new price target of $11.00 from $10.00 previously
Keybanc reiterated coverage of Berry (bry) with a rating of Overweight and set a new price target of $12.00 from $11.00 previously
Keybanc reiterated coverage of Berry (bry) with a rating of Overweight and set a new price target of $11.00 from $10.00 previously
Keybanc reiterated coverage of Berry (bry) with a rating of Overweight and set a new price target of $10.00 from $9.00 previously
Keybanc reiterated coverage of Berry (bry) with a rating of Overweight and set a new price target of $9.00 from $8.00 previously
Johnson Rice downgraded Berry (bry) from Buy to Accumulate and set a new price target of $16.00