Berry (bry)(BRY)

Search documents
Berry Corporation: Increasing Focus On Utah Assets
Seeking Alpha· 2025-02-20 04:05
Group 1 - The article promotes a free two-week trial for the investment group Distressed Value Investing, which provides exclusive research on various companies and investment opportunities [1] - The author, Aaron Chow, has over 15 years of analytical experience and co-founded a mobile gaming company that was acquired by PENN Entertainment, indicating a strong background in both analysis and industry experience [2] - Distressed Value Investing focuses on value opportunities and distressed plays, particularly in the energy sector, highlighting a niche investment strategy [2] Group 2 - The article emphasizes that past performance is not indicative of future results, which is a common disclaimer in investment discussions [3] - It clarifies that no specific investment recommendations are being made, and the views expressed may not represent the entire platform's opinions [3] - The article notes that the analysts contributing to the platform may not be licensed or certified, which is important for understanding the credibility of the analysis provided [3]
Berry Corporation Announces Date for Fourth Quarter and Full Year 2024 Earnings Release and Conference Call/Webcast
GlobeNewswire· 2025-02-12 21:05
Group 1 - Berry Corporation will report its fourth quarter and full year 2024 results on March 12, 2025, after U.S. financial markets close [1] - A conference call and webcast to discuss the results will take place on March 13, 2025, at 11:00 a.m. Eastern Time [2] - The company operates in two business segments: exploration and production (E&P) and well servicing and abandonment [4] Group 2 - Berry's E&P assets are located in California and Utah, characterized by high oil content, with California assets in the San Joaquin basin (100% oil) and Utah assets in the Uinta basin (60% oil and 40% gas) [4] - The company focuses on onshore, low geologic risk, long-lived oil and gas reserves [4] - Berry Corporation is publicly traded on NASDAQ under the ticker BRY [4]
Berry Global's Q1 Earnings Top Estimates, Sales Increase Y/Y
ZACKS· 2025-02-06 17:06
Core Insights - Berry Global Group, Inc. reported adjusted earnings of $1.09 per share for Q1 fiscal 2025, exceeding the Zacks Consensus Estimate of $1, with a year-over-year increase of 5% [1] - Net sales reached $2.39 billion, surpassing the consensus estimate of $2.34 billion, reflecting a 2.2% year-over-year growth driven by higher selling prices and organic volume growth of 2% [1] Segmental Discussion - The Health, Hygiene, and Specialties segment was spun off and merged with Glatfelter Corporation, leading to a focus on higher-value products in the Engineered Materials segment, now renamed Flexibles [2] - International net sales in Consumer Packaging amounted to $885 million, down 3.4% year-over-year, with organic volume growth of 1% [3] - North American Consumer Packaging net sales totaled $769 million, up 10% year-over-year, driven by a 3% growth in volumes [4] - Flexibles segment net sales were $731 million, increasing 1.8% year-over-year, with organic volume growth of 1% [5] Costs & EBITDA - Cost of goods sold increased by 1.4% to $2.9 billion, while selling, general, and administrative expenses rose by 8.3% year-over-year to $223 million [6] - Operating EBITDA was reported at $378 million, up 3.8% year-over-year, although operating income decreased by 7.9% to $152 million [6] Balance Sheet and Cash Flow - At the end of Q1, cash and cash equivalents stood at $1.2 million, down from $1.1 billion at the end of fiscal 2024, with total debt at $8.1 billion [7] - The company used net cash of $372 million in operating activities, compared to $168 million in the previous year, with capital expenditure totaling $134 million [8] Fiscal 2025 Guidance - Berry Global reaffirmed its fiscal 2025 guidance, expecting adjusted earnings in the range of $6.10-$6.60 per share [9] - The company anticipates cash flow from operations between $1.125 billion and $1.225 billion, and free cash flow in the range of $600-$700 million [10]
Is Berry (BRY) Stock Undervalued Right Now?
ZACKS· 2025-02-06 15:41
Core Insights - The focus is on identifying strong stocks using the Zacks Rank system, which emphasizes earnings estimates and revisions [1] - Value investing remains a popular strategy, utilizing fundamental analysis to find undervalued companies [2] - The Style Scores system helps investors identify stocks with specific traits, particularly in the "Value" category [3] Company Analysis: Berry (BRY) - Berry (BRY) has a Zacks Rank of 2 (Buy) and an A grade for Value, indicating strong potential [4] - The stock's current P/E ratio is 7.45, significantly lower than the industry average of 13.45, suggesting it may be undervalued [4] - Over the past year, BRY's Forward P/E has fluctuated between 6.74 and 11.52, with a median of 8.96 [4] - Berry's P/CF ratio stands at 1.33, compared to the industry's average of 4.80, further indicating undervaluation [5] - The P/CF ratio for BRY has ranged from 1.14 to 3.96 over the past year, with a median of 2.83 [5] - These metrics suggest that Berry is likely undervalued and has a strong earnings outlook, making it an impressive value stock [6]
Why Fast-paced Mover Berry Petroleum (BRY) Is a Great Choice for Value Investors
ZACKS· 2025-02-05 14:51
Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, invest ...
Is Berry (BRY) Stock Outpacing Its Oils-Energy Peers This Year?
ZACKS· 2025-01-31 15:40
Company Performance - Berry Petroleum (BRY) has shown a year-to-date performance increase of approximately 10.2%, outperforming the Oils-Energy sector average return of 7.9% [4] - The Zacks Consensus Estimate for BRY's full-year earnings has increased by 1.7% over the past quarter, indicating a positive earnings outlook [3] - Berry Petroleum holds a Zacks Rank of 2 (Buy), reflecting strong analyst sentiment [3] Industry Context - Berry Petroleum is part of the Oil and Gas - Integrated - United States industry, which has an average loss of 9.4% year-to-date, highlighting BRY's relative strength in this sector [5] - The Oils-Energy group consists of 248 companies, with Berry Petroleum currently ranked 6 in the Zacks Sector Rank [2] - In comparison, Plains GP Holdings (PAGP), another Oils-Energy stock, has returned 20.4% year-to-date and also holds a Zacks Rank of 2 (Buy) [4][5]
OpenText appoints Savinay Berry as EVP & Chief Product Officer
Prnewswire· 2025-01-27 16:00
Core Insights - OpenText has appointed Savinay Berry as EVP & Chief Product Officer to enhance product innovation and drive growth across its data-oriented domains [1][2] - Muhi Majzoub has been appointed as EVP, Security Products, reflecting the company's increased focus on cybersecurity [1][3] Company Strategy - The appointments aim to accelerate OpenText's mission to be a leading information management company, leveraging connected data for enterprise advantages across various sectors including content management and analytics [2][3] - Savinay Berry brings extensive experience from his previous role at Vonage, where he led products and engineering, including cloud applications and AI [2][3] Market Position - OpenText is positioned to capitalize on the convergence of Cloud, Security, and AI, which are critical in the current landscape of information management [3] - The company has made significant innovations over the past two years, particularly with Titanium X, Cloud, and AI, which are expected to translate into enduring value for customers [3]
Is Berry (BRY) a Great Value Stock Right Now?
ZACKS· 2025-01-21 15:41
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental ...
3 Oil Stocks to Buy Right Away on Trump 2.0's Inaugural Speech
ZACKS· 2025-01-21 14:10
Since the supply shock of 2022, the energy sector has been driven by growth in oil refiners who have benefited from favorable spreads between the price of oil and its distillates. However, growth has not been limited to refiners, with explorers and producers, equipment and services gaining ground as well.Geopolitical factors have played the most significant role, as they did in 2022. The threat of a broader conflict with Iran has increased with the inauguration of President Donald J. Trump. U.S. sanctions o ...
Berry Corporation Announces Finance Team Leadership Changes
Newsfilter· 2025-01-21 13:30
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 de ...