[Financial and Operational Highlights](index=1&type=section&id=Financial%20and%20Operational%20Highlights) Summarizes Berry Corporation's key financial and operational performance for 2024 and its 2025 outlook [Full Year 2024 Highlights](index=1&type=section&id=Full%20Year%202024%20Highlights) Berry Corporation reported positive net income and significant free cash flow for FY2024, alongside stable production and increased proved reserves Full Year 2024 Key Metrics | Metric | Value | Change (YoY) | | :--- | :--- | :--- | | Net Income | $19 million | Down from $37 million in 2023 | | Adjusted Net Income | $52 million | Up from $39 million in 2023 | | Adjusted EBITDA | $292 million | Up from $268 million in 2023 | | Free Cash Flow | $108 million | Down from $126 million in 2023 | | Production | 25.4 MBoe/d | Flat YoY | | LOE (net of hedges) | - | Reduced by 12% | | Proved Reserves | 107 MMBoe | Up 4% | | Reserve Replacement Ratio | 147% | - | - The company achieved significant operational improvements, including a **12% year-over-year reduction in Lease Operating Expenses (LOE)** and an **over 80% reduction in methane emissions**[6](index=6&type=chunk) [Fourth Quarter 2024 Highlights](index=1&type=section&id=Fourth%20Quarter%202024%20Highlights) Q4 2024 reported a net loss, offset by positive Adjusted Net Income and Free Cash Flow, with production increasing sequentially Fourth Quarter 2024 Key Metrics | Metric | Value | Change (QoQ) | | :--- | :--- | :--- | | Net (Loss) | $(2) million | Down from $70 million income | | Adjusted Net Income | $17 million | Up 55% | | Adjusted EBITDA | $82 million | Up 22% | | Free Cash Flow | $24 million | Down 47% | | Production | 26.1 MBoe/d | Up 5% | - A **fixed quarterly dividend of $0.03 per share** was declared, representing an **annualized yield of 3%** based on the share price as of February 28, 2025[6](index=6&type=chunk) [2025 Outlook Highlights](index=1&type=section&id=2025%20Outlook%20Highlights) Berry anticipates stable 2025 production and a significant capital program, with a strategic shift in allocation towards Utah assets - Full-year 2025 production is estimated to be **24.8 - 26.0 MBoe/d**, with oil comprising approximately **93% of the total**[6](index=6&type=chunk) - The capital expenditure program is set at **$110 - $120 million**, with flexibility to adjust based on commodity prices[6](index=6&type=chunk) - There is a notable strategic shift in capital allocation, with **40% of the 2025 budget directed to Utah**, up from **25% in 2024**[6](index=6&type=chunk) [Management Commentary](index=2&type=section&id=Management%20Commentary) Management highlighted success in generating sustainable free cash flow, improving capital efficiency, and reducing costs, alongside strategic expansion and acquisition efforts - Successfully drilled **28 sidetracks** in the thermal diatomite asset with a **rate of return exceeding 100%**, unlocking potential for an additional **115 sidetracks**[7](index=7&type=chunk) - Expanded development in the Uinta Basin through two farm-ins/acreage exchanges, gaining technical data from **6 horizontal wells** with peak rates up to **2,000 Boe/d**[7](index=7&type=chunk) - The company is actively evaluating accretive deals, both large and small, to pursue scale and diversification, enhance cash flows, and expand its inventory[7](index=7&type=chunk) [Financial and Operating Results](index=2&type=section&id=Financial%20and%20Operating%20Results) Detailed overview of Berry Corporation's financial and operating performance for Q4 and full year 2024 [Fourth Quarter 2024 Financial and Operating Summary](index=2&type=section&id=Fourth%20Quarter%202024%20Financial%20and%20Operating%20Summary) Q4 2024 production increased, with a net loss offset by positive Adjusted Net Income and Free Cash Flow Q4 2024 Selected Comparative Results ($ in millions, except per share) | Metric | Q4 2024 | Q3 2024 | Q4 2023 | | :--- | :--- | :--- | :--- | | Production (mboe/d) | 26.1 | 24.8 | 25.9 | | Net (Loss) Income | $(2) | $70 | $63 | | Adjusted Net Income | $17 | $11 | $10 | | Adjusted EBITDA | $82 | $67 | $70 | | Cash Flow from Operations | $41 | $71 | $79 | | Free Cash Flow | $24 | $45 | $62 | [Full Year 2024 Financial and Operating Summary](index=4&type=section&id=Full%20Year%202024%20Financial%20and%20Operating%20Summary) FY2024 production remained flat, with net income decreasing but Adjusted Net Income increasing, while Free Cash Flow decreased due to higher capital expenditures Full Year 2024 Selected Comparative Results ($ in millions, except per share) | Metric | 2024 | 2023 | | :--- | :--- | :--- | | Production (mboe/d) | 25.4 | 25.4 | | Net Income | $19 | $37 | | Adjusted Net Income | $52 | $39 | | Adjusted EBITDA | $292 | $268 | | Cash Flow from Operations | $210 | $199 | | Capital Expenditures | $102 | $73 | | Free Cash Flow | $108 | $126 | [Capital Management and Shareholder Returns](index=4&type=section&id=Capital%20Management%20and%20Shareholder%20Returns) Details Berry Corporation's capital structure, liquidity, and shareholder return strategy, emphasizing debt reduction and dividend policy [Capital Structure](index=4&type=section&id=Capital%20Structure) As of year-end 2024, Berry maintained a strong capital structure with significant liquidity and a manageable leverage ratio, expecting to fund its 2025 capital program from operating cash flow Liquidity and Debt as of Dec 31, 2024 | Item | Amount ($ millions) | | :--- | :--- | | Term Loan Outstanding | $450 | | Revolver Borrowings | $0 | | Cash and Cash Equivalents | $15 | | Revolver Availability | $63 | | Delayed Draw Term Loan | $32 | | **Total Liquidity** | **$110** | - The company's leverage ratio was **1.49x** as of year-end 2024[12](index=12&type=chunk) [Shareholder Returns](index=4&type=section&id=Shareholder%20Returns) The company shifted its capital allocation strategy to prioritize debt reduction, while maintaining a fixed quarterly cash dividend - The company's capital allocation approach now prioritizes **debt reduction**[13](index=13&type=chunk) - A **fixed cash dividend of $0.03 per share** was approved, payable on April 1, 2025, to shareholders of record as of March 22, 2025[14](index=14&type=chunk) [2025 Outlook and Strategy](index=5&type=section&id=2025%20Outlook%20and%20Strategy) Outlines Berry Corporation's 2025 production and capital expenditure guidance, risk management strategies, and proved reserves analysis [2025 Guidance](index=5&type=section&id=2025%20Guidance) Berry's 2025 guidance projects average daily production and capital expenditures, reflecting a strategic pivot in capital allocation Full Year 2025 Guidance | Metric | Low | High | | :--- | :--- | :--- | | Average Daily Production (boe/d) | 24,800 | 26,000 | | % Oil Production | 91% | 95% | | Non-energy LOE ($/boe) | $13.00 | $15.00 | | Energy LOE (unhedged) ($/boe) | $12.70 | $14.50 | | Capital Expenditures ($ millions) | $110 | $120 | - Capital allocation for 2025 is split with approximately **60% directed to California** and **40% to Utah**[21](index=21&type=chunk) [Risk Management](index=5&type=section&id=Risk%20Management) Berry actively manages commodity price risk through hedging a significant portion of its estimated 2025 oil production and natural gas demand, aligning with debt refinancing requirements - **75% of estimated 2025 oil production** is hedged at an average strike price of **$74.24 per barrel of Brent**[18](index=18&type=chunk) - Approximately **70% of expected 2025 gas demand** is hedged with an average swap price of **$4.25 per MMBtu**[18](index=18&type=chunk) - The company is required by its debt agreement to hedge a minimum of **75% of PDP volumes** for the first **24 months** on a rolling basis[18](index=18&type=chunk) [Proved Reserves](index=5&type=section&id=Proved%20Reserves) As of year-end 2024, Berry's proved reserves totaled 107 MMBoe, with a high percentage of proved developed and oil, and a significant PV-10 value Year-End 2024 Proved Reserves | Metric | Value | | :--- | :--- | | Total Proved Reserves | 107 MMBoe | | % Proved Developed | 58% | | % Oil | 96% | | Standardized Measure | $1.8 billion | | PV-10 Value | $2.3 billion | - Only **5% of the company's California PUD reserves** are in areas where new drill permits are currently constrained[19](index=19&type=chunk) [Detailed Financial Statements and Operational Data](index=9&type=section&id=Detailed%20Financial%20Statements%20and%20Operational%20Data) Presents detailed financial statements and operational data, covering consolidated results, cash flow, balance sheet, commodity pricing, production, and capital expenditures [Summary of Results](index=9&type=section&id=Summary%20of%20Results) FY2024 total revenues decreased from 2023, primarily due to lower service revenue and derivative losses, resulting in a lower net income Consolidated Statement of Operations Data (Year Ended, $ in thousands) | Line Item | 2024 | 2023 | | :--- | :--- | :--- | | Total revenues and other | $776,501 | $903,460 | | Total expenses and other | $709,443 | $812,386 | | Income before income taxes | $28,079 | $55,425 | | Net income | $19,251 | $37,400 | | Diluted EPS | $0.25 | $0.48 | [Cash Flow and Balance Sheet Data](index=10&type=section&id=Cash%20Flow%20and%20Balance%20Sheet%20Data) FY2024 net cash from operating activities increased, while net cash used in investing activities decreased significantly, with total assets of $1.52 billion at year-end Cash Flow Data (Year Ended, $ in thousands) | Line Item | 2024 | 2023 | | :--- | :--- | :--- | | Net cash provided by operating activities | $210,220 | $198,657 | | Net cash used in investing activities | $(105,556) | $(175,272) | | Net cash used in financing activities | $(79,463) | $(64,800) | Balance Sheet Data (As of Dec 31, $ in thousands) | Line Item | 2024 | 2023 | | :--- | :--- | :--- | | Total current assets | $149,643 | $140,800 | | Total property, plant and equipment, net | $1,320,380 | $1,406,612 | | Long-term debt | $384,633 | $427,993 | | Total stockholders' equity | $730,636 | $757,976 | [Commodity Pricing](index=11&type=section&id=Commodity%20Pricing) In 2024, the weighted average realized sales prices for oil and natural gas, both before and after hedges, are presented for comparative analysis Weighted Average Realized Sales Prices (Year Ended) | Metric | 2024 | 2023 | | :--- | :--- | :--- | | Oil without hedges ($/bbl) | $73.70 | $75.05 | | Oil with hedges ($/bbl) | $72.11 | $71.67 | | Natural gas ($/mcf) | $2.70 | $6.94 | | Purchased Natural Gas, after hedges ($/mmbtu) | $4.53 | $6.42 | [Production Statistics](index=13&type=section&id=Production%20Statistics) Q4 2024 total production increased from Q3, driven by California oil, while full-year 2024 total production remained flat Net Production Per Day | Production (MBoe/d) | Q4 2024 | Q3 2024 | Q4 2023 | FY 2024 | FY 2023 | | :--- | :--- | :--- | :--- | :--- | :--- | | Total Oil (MBbl/d) | 24.3 | 22.8 | 24.0 | 23.5 | 23.5 | | Total Natural Gas (Boe/d) | 1.4 | 1.6 | 1.3 | 1.5 | 1.5 | | Total NGLs (MBbl/d) | 0.4 | 0.4 | 0.6 | 0.4 | 0.4 | | **Total Production (MBoe/d)** | **26.1** | **24.8** | **25.9** | **25.4** | **25.4** | [Capital Expenditures](index=13&type=section&id=Capital%20Expenditures) Full-year 2024 capital expenditures significantly increased from 2023, while fourth-quarter expenditures remained consistent year-over-year Capital Expenditures ($ in thousands) | Period | 2024 | 2023 | | :--- | :--- | :--- | | Q4 | $17,217 | $17,003 | | Full Year | $102,352 | $73,127 | [Non-GAAP Financial Measures and Reconciliations](index=14&type=section&id=Non-GAAP%20Financial%20Measures%20and%20Reconciliations) Provides reconciliations for key non-GAAP financial measures, including Adjusted EBITDA, Free Cash Flow, Leverage Ratio, Adjusted Net Income, and E&P Operating Costs [Adjusted EBITDA Reconciliation](index=15&type=section&id=Adjusted%20EBITDA%20Reconciliation) Adjusted EBITDA for Q4 and full year 2024 increased, with the reconciliation from net income including adjustments for various non-recurring items Adjusted EBITDA Reconciliation (Year Ended, $ in thousands) | Line Item | 2024 | 2023 | | :--- | :--- | :--- | | Net income | $19,251 | $37,400 | | Add: Interest, Taxes, DD&A, etc. | $272,513 | $230,857 | | **Adjusted EBITDA** | **$291,764** | **$268,257** | [Free Cash Flow Reconciliation](index=16&type=section&id=Free%20Cash%20Flow%20Reconciliation) Full-year 2024 Free Cash Flow decreased from 2023, calculated as net cash from operations less capital expenditures Free Cash Flow Reconciliation (Year Ended, $ in thousands) | Line Item | 2024 | 2023 | | :--- | :--- | :--- | | Net cash provided by operating activities | $210,220 | $198,657 | | Subtract: Capital expenditures | $(102,352) | $(73,127) | | **Free Cash Flow** | **$107,868** | **$125,530** | [Leverage Ratio](index=16&type=section&id=Leverage%20Ratio) As of year-end 2024, Berry's leverage ratio was 1.49x, calculated based on net debt and trailing twelve-month Adjusted EBITDA Leverage Ratio Calculation (as of Dec 31, 2024, $ in thousands) | Line Item | Value | | :--- | :--- | | 2024 Term loan borrowings | $450,000 | | Subtract: Unrestricted cash | $(15,336) | | **Net Debt** | **$434,664** | | Trailing twelve month Adjusted EBITDA | $291,764 | | **Leverage Ratio** | **1.49x** | [Adjusted Net Income (Loss) Reconciliation](index=17&type=section&id=Adjusted%20Net%20Income%20(Loss)%20Reconciliation) Full-year 2024 Adjusted Net Income increased from 2023, with primary adjustments to GAAP net income including derivative effects and impairment charges Adjusted Net Income Reconciliation (Year Ended, $ in thousands) | Line Item | 2024 | 2023 | | :--- | :--- | :--- | | Net income | $19,251 | $37,400 | | Total additions (subtractions), net | $45,657 | $2,522 | | Income tax expense of adjustments | $(12,473) | $(692) | | **Adjusted Net Income** | **$52,435** | **$39,230** | [E&P Operating Costs](index=19&type=section&id=E%26P%20Operating%20Costs) Full-year 2024 lease operating expenses (LOE) per-boe significantly improved from 2023, both unhedged and hedged, primarily driven by lower energy costs Lease Operating Expenses (Year Ended, per boe) | Line Item | 2024 | 2023 | | :--- | :--- | :--- | | Energy LOE - unhedged | $11.21 | $21.16 | | Non-energy LOE | $13.10 | $13.05 | | **Lease operating expenses (unhedged)** | **$24.31** | **$34.21** | | Gas purchase hedges - realized | $2.63 | $(3.76) | | **Lease operating expenses - hedged** | **$26.94** | **$30.45** | [Proved Reserves Analysis](index=21&type=section&id=Proved%20Reserves%20Analysis) Provides an analysis of Berry Corporation's proved reserves, including breakdown by location, PV-10 reconciliation, and changes in 2024 [Proved Reserves by Location](index=21&type=section&id=Proved%20Reserves%20by%20Location) As of year-end 2024, total proved reserves were 107 MMBoe, with California assets comprising the majority and a significant portion being proved developed Proved Reserves as of December 31, 2024 (MMBoe) | Category | California | Utah | Total | | :--- | :--- | :--- | :--- | | Proved Developed | 54 | 8 | 62 | | Proved Undeveloped | 41 | 4 | 45 | | **Total Proved** | **95** | **12** | **107** | [PV-10 Reconciliation](index=21&type=section&id=PV-10%20Reconciliation) The total company PV-10 value of proved reserves as of year-end 2024 was significant, resulting in a substantial standardized measure after deducting future income taxes PV-10 Reconciliation (as of Dec 31, 2024, $ in millions) | Line Item | Value | | :--- | :--- | | California PV-10 | $2,143 | | Utah PV-10 | $110 | | **Total Company PV-10** | **$2,253** | | Less: present value of future income taxes | $(442) | | **Standardized measure of discounted future net cash flows** | **$1,811** | [2024 Reserve Changes](index=22&type=section&id=2024%20Reserve%20Changes) In 2024, the company added significant reserves through various categories, achieving a strong total reserve replacement ratio of 147% 2024 Reserve Changes (in MMBoe) | Category | Total Company | | :--- | :--- | | Extensions and discoveries | 1 | | Revisions of previous estimates | 11 | | Purchases of minerals | 1 | | **Total reserves changes** | **13** | | Production | (9) | | **Reserve replacement ratio** | **147%** |

DALLAS, March 12, 2025 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ: BRY) (“Berry” or the “Company”) today announced financial and operating results for the fourth quarter and full year 2024, as well as a quarterly cash dividend of $0.03 per share. Berry has provided a supplemental slide deck on its results, which can be found at www.bry.com. The Company plans to host a conference call and webcast to discuss its fourth quarter and full year 2024 results, as well as its 2025 outlook, at 10:00 a.m. CT, ...

Group 1: Company Performance - Berry Global Group, Inc. (BERY) has experienced growth across all segments, with the Consumer Packaging North America segment achieving a 10% year-over-year revenue increase in the first quarter of fiscal 2025 [1] - The Consumer Packaging International segment saw a 1% organic volume increase, supported by growth in emerging markets and market share gains [1] - The Flexibles segment's revenues rose by 1.8%, attributed to the recovery in European industrial markets [1] Group 2: Investments and Expansion - The company is investing in advanced equipment technologies and design for circularity, which are expected to enhance long-term competitiveness [2] - In April 2023, Berry Global completed a second manufacturing facility and Global Healthcare Center in Sira, Bangalore, aimed at increasing the supply of healthcare solutions in India and South Asia [3] Group 3: Financial Management - Berry Global utilizes cash flow for acquisitions, dividends, and share repurchases, having paid out $36 million in dividends in the first three months of fiscal 2025 [4] - The company acquired CMG Plastics in October 2024, enhancing its capabilities within the Consumer Packaging North America segment [4] - Berry Global increased its dividend by 12.9% to 31 cents per share, translating to an annual dividend of $1.24 [4] Group 4: Cost and Debt Concerns - The company is facing rising operating costs, with a 1.4% year-over-year increase in cost of sales and an 8.3% increase in selling and administrative expenses in the first quarter of fiscal 2025 [6] - Berry Global's high debt level remains a concern, with current and long-term debt at $7.4 billion at the end of the fiscal first quarter [7]

Core Insights - Berry Corporation (NASDAQ: BRY) has appointed a new CFO with significant expertise in company valuation and investment banking [1] - The company has entered into a new debt refinancing agreement, which is expected to enhance future free cash flow (FCF) generation [1] Company Developments - The new CFO's background in investment banking may provide strategic advantages in financial management and valuation [1] - The debt refinancing agreement is anticipated to improve liquidity, potentially leading to better financial performance in the future [1] Market Context - The article highlights the importance of value investments, particularly in small and mid-cap companies, which are often traded at lower earnings multiples [1] - The focus on dividend yield and earnings multiples suggests a strategy aimed at long-term value creation in the investment landscape [1]

Core Viewpoint - Value investing remains a preferred strategy for identifying strong stocks, utilizing fundamental analysis and traditional valuation metrics to find undervalued stocks in the market [2]. Company Analysis - Berry (BRY) is currently rated with a Zacks Rank of 2 (Buy) and has a Value grade of A, indicating it is a strong candidate for value investors [4]. - The stock has a P/E ratio of 7.54, significantly lower than the industry average of 13.30, suggesting it may be undervalued [4]. - Over the past year, BRY's Forward P/E has fluctuated between a high of 11.52 and a low of 6.74, with a median of 8.88, indicating variability in its valuation [4]. - BRY's P/CF ratio stands at 1.33, which is attractive compared to the industry's average P/CF of 4.81, further supporting the notion of undervaluation [5]. - The P/CF ratio for BRY has ranged from a high of 3.96 to a low of 1.14 over the past year, with a median of 2.83, reflecting its solid cash outlook [5]. - The combination of these metrics suggests that BRY is likely undervalued and presents an impressive value opportunity in the current market [6].

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]

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]

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]

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]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point, as stocks may lose momentum when their valuations exceed future growth potential [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2: Berry Petroleum (BRY) Analysis - Berry Petroleum (BRY) has shown a four-week price change of 0.9%, indicating growing investor interest [4] - Over the past 12 weeks, BRY's stock gained 1.9%, with a beta of 1.62, suggesting it moves 62% more than the market [5] - BRY has a Momentum Score of A, indicating a favorable time to invest based on momentum [6] - The stock has received a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which typically attract more investors [7] - BRY is trading at a Price-to-Sales ratio of 0.38, suggesting it is undervalued at 38 cents for each dollar of sales [7] Group 3: Additional Investment Opportunities - Besides BRY, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]