Gold prices hit 2-week high as Trump-Fed feud escalates with Cook firing
In a challenging year for energy companies, Berry Petroleum Corp (NASDAQ:BRY) stock has touched a 52-week low, with shares plummeting to $2.94. Trading at just 0.33 times book value and offering a 5.52% dividend yield, InvestingPro analysis indicates the stock is currently undervalued. The decline reflects a broader trend in the sector, exacerbated by market volatility and pricing pressures. Over the past year, Berry Petroleum has seen its stock value erode significantly, with a stark 1-year change showing a -64.35% drop. This downturn has placed the company among those most affected in the industry, as investors and analysts closely monitor its performance for signs of a potential rebound or further decline. Despite the challenges, the company maintains a FAIR financial health score and has consistently paid dividends for 8 consecutive years. For deeper insights and additional ProTips about BRY’s potential recovery prospects, visit InvestingPro.
In other recent news, Berry Petroleum Corp reported strong financial results for the fourth quarter of 2024, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $0.21, significantly higher than the projected $0.12. Revenue also exceeded forecasts, reaching $187.78 million compared to the expected $177.33 million. Despite these positive financial results, Berry Petroleum’s stock experienced a decline in after-hours trading. The company also reported a 9% increase in full-year adjusted EBITDA, amounting to $292 million. Berry Petroleum has initiated a horizontal drilling campaign in the Uinta Basin, aiming to expand production in Utah over the next decade. Additionally, Berry Petroleum has outlined a capital guidance of $110-$120 million for 2025, with a significant portion allocated to Utah projects. Analyst firms have not provided specific upgrades or downgrades, but the company remains optimistic about its strategic goals and future developments.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.