Berry Petroleum Corporation (NASDAQ:BRY) is set to announce third quarter earning results on Tuesday 3rd November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, BRY to report 3Q20 income of $ 0.19 per share.
For the full year, analysts anticipate top line of $ 638.41 million, while looking forward to income of $ 0.61 per share bottom line.
Previous Quarter Performance
Berry Petroleum Corporation reported income for the second quarter of $ 0.06 per share, from the revenue of $ 33.45 million. The quarterly earnings reduced 76.00 percent while revenues fell 80.33 percent compared with the same quarter last year.
Wall street analysts are predicting, BRY to report 2Q20 income of $ 0.22 per share from revenue of $ 137.54 million. The bottom line results missed street analysts by $ 0.16 or 72.73 percent, at the same time, top line results fell short of analysts by $ 104.09 million or 75.68 percent.
Stock Performance
Shares of Berry Petroleum Corporation traded up $ 0.20 or 7.63 percent on Monday, reaching $ 2.82 with volume of 204.50 thousand shares. Berry Petroleum Corporation has traded high as $ 2.89 and has cracked $ 2.60 on the downward trend
The closing price of $ 2.82, representing a 43.96 % increase from the 52 week low of $ 1.82 and a 77.65 % decrease over the 52 week high of $ 11.72.
The company has a market capital of $ 225.24 million and is part of the Energy sector and Oil & Gas E&P industry.
Berry Petroleum Corporation, an independent upstream energy company, engages in the development and production of conventional oil reserves located in the western United States. The companys properties are located in the San Joaquin and Ventura basins, California; Uinta basin, Utah; and Piceance basin, Colorado. As of December 31, 2018, it had a total of 3,743 net producing wells.
