Core Viewpoint - Par Petroleum (PARR) has shown a downtrend recently, losing 6.5% over the past week, but a hammer chart pattern suggests a potential trend reversal as buying interest may be emerging to counteract selling pressure [1][2]. Technical Analysis - The hammer chart pattern indicates a possible bottoming out, with reduced selling pressure, suggesting that bulls may be regaining control [2][5]. - A hammer pattern forms when there is a small candle body with a long lower wick, indicating that the stock opened lower, made a new low, but closed near its opening price after finding support [4][5]. - This pattern can occur across various timeframes and is utilized by both short-term and long-term investors [5]. Fundamental Analysis - There is a strong consensus among Wall Street analysts to raise earnings estimates for PARR, which supports the bullish case for a trend reversal [2][7]. - The consensus EPS estimate for the current year has increased by 1.3% over the last 30 days, indicating analysts' agreement on the company's potential for better earnings [8]. - PARR holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [9][10].

Core Viewpoint - Berry Corporation has successfully received approval from its stockholders for the merger with California Resources Corporation, with a fixed exchange ratio of 0.0718 shares of CRC common stock for each share of Berry common stock [1][2]. Group 1: Merger Approval - Approximately 73% of the total shares outstanding and about 98% of the shares voted supported the merger [2]. - The final voting results will be reported in a Form 8-K to be filed with the U.S. Securities and Exchange Commission [2]. Group 2: Company Overview - Berry Corporation is an independent upstream energy company focused on onshore oil and gas reserves in the western United States, operating in two segments: exploration and production (E&P) and well servicing [3]. - The E&P assets are primarily 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 (70% oil) [3].

Q3 2025 Performance - Q3 2025 net production reached 20,789 Boe/d, with 64% oil and 84% liquids[7] - The company sold 13,332 barrels of oil per day[15] - Lifting costs were reduced to $10.73 per Boe, a 2% improvement compared to guidance[15] - Capital expenditures totaled $24.6 million[16] - Adjusted Free Cash Flow was $13.9 million, marking the 24th consecutive quarter of positive cash flow[17] - Debt was reduced by $20 million, exceeding guidance by $2 million, increasing liquidity to $157.3 million[17] Financial Highlights - Q3 2025 realized price was $41.10 per Boe[19] - Adjusted EBITDA for Q3 2025 was $47.7 million[19] - All-in cash operating costs were $22.35 per Boe in Q3 2025[19] - The company's leverage ratio was 2.10x in Q3 2025[19] - 2024 SEC Proved Reserves are 134 MMBoe with PV10 ~$1.5 Billion[7] Acquisitions and Strategy - The Lime Rock Acquisition added ~12 MMBoe with PV10 ~$160 million[7] - The Lime Rock Acquisition added ~18,000 net acres and ~40 locations[7] - The company operates ~96% of its working interest[7] - The company's net revenue interest is ~79% for oil and ~82% for gas[7]

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 for fast-moving stocks, which can lead to investments with limited upside or potential downside [2] - A safer approach may involve investing in bargain stocks that have recently shown price momentum, utilizing tools like the Zacks Momentum Style Score to identify promising candidates [3] Group 2: Par Petroleum (PARR) Analysis - Par Petroleum (PARR) has demonstrated significant price momentum, with a four-week price change of 14.9% and a 49% gain over the past 12 weeks, indicating strong investor interest [4][5] - PARR has a beta of 1.74, suggesting it moves 74% more than the market, which aligns with the characteristics of a momentum stock [5] - The stock has a Momentum Score of B, indicating a favorable time to invest based on momentum trends [6] - PARR has received a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which typically attract more investors and drive prices higher [7] - The stock is currently trading at a Price-to-Sales ratio of 0.27, suggesting it is undervalued, as investors pay only 27 cents for each dollar of sales [7] Group 3: Additional Investment Opportunities - Besides PARR, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting additional investment opportunities [8] - The Zacks Premium Screens offer over 45 different strategies tailored to various investing styles, which can help identify potential winning stocks [9]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher," rather than traditional strategies of buying low and waiting for recovery [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] - Investing in bargain stocks that exhibit recent price momentum can be a safer strategy, utilizing tools like the Zacks Momentum Style Score to identify promising stocks [3] Group 2: Par Petroleum (PARR) Analysis - Par Petroleum (PARR) has shown a four-week price change of 1.4%, indicating growing investor interest [4] - Over the past 12 weeks, PARR's stock gained 4.3%, with a beta of 1.74, suggesting it moves 74% more than the market [5] - PARR has a Momentum Score of A, indicating a favorable time to invest based on momentum [6] Group 3: Earnings Estimates and Valuation - PARR has received upward revisions in earnings estimates, earning a Zacks Rank 2 (Buy), which is associated with strong momentum effects [7] - The stock is trading at a Price-to-Sales ratio of 0.22, indicating it is relatively cheap at 22 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - Besides PARR, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting further investment opportunities [8] - The Zacks Premium Screens offer over 45 strategies tailored to help investors find winning stock picks [9]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than the traditional "buying low and selling high" approach, aiming for quicker profits [1] Group 1: Momentum Investing Strategy - Fast-moving trending stocks can be difficult to enter at the right time, as they may lose momentum if future growth does not justify their high valuations [2] - A safer strategy involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify these opportunities [3] Group 2: Par Petroleum (PARR) Analysis - Par Petroleum (PARR) has shown a four-week price change of 1.4%, indicating growing investor interest [4] - Over the past 12 weeks, PARR's stock has gained 47.8%, with a beta of 1.83, suggesting it moves 83% more than the market [5] - PARR has a Momentum Score of B, indicating a favorable time to invest based on momentum [6] Group 3: Earnings Estimates and Valuation - PARR has received a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which attract more investors [7] - The stock is currently trading at a Price-to-Sales ratio of 0.22, meaning investors pay 22 cents for each dollar of sales, indicating a reasonable valuation [7] Group 4: Additional Investment Opportunities - Besides PARR, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting further investment opportunities [8] - The Zacks Premium Screens offer over 45 strategies tailored to outperform the market, providing additional avenues for stock selection [9]

Q2 2025 Performance Highlights - Ring Energy's Q2 2025 net production reached 21,295 Boe/d, with 68% oil and 85% liquids[7] - The company achieved a realized price of $42.63 per Boe in Q2 2025[13] - Adjusted EBITDA for Q2 2025 was $51.5 million, compared to $46.4 million in Q1 2025[13] - Adjusted Free Cash Flow (AFCF) hit a company record of $24.8 million in Q2 2025[11, 13] - Lease operating costs were reduced by 12% quarter-over-quarter to $10.45 per Boe[11, 13] - Capital expenditures decreased by 48% quarter-over-quarter to $16.8 million[11, 13] Updated Guidance and Reserves - The company updated its FY 2025E AFCF guidance to between ~$50 to ~$75 million, assuming $55 to $75 per BO WTI[11] - FY 2025 capital expenditure guidance was reduced by 36% year-over-year, while maintaining 2% year-over-year growth[11] - 2024 SEC Proved Reserves are 134 MMBoe with a PV10 of ~$1.5 billion[7] - The Lime Rock Acquisition added ~12 MMBoe with a PV10 of ~$160 million[7] Strategic Focus and Valuation - The company's leverage ratio decreased from ~40x in early 2021 to ~20x in Q2 2025[11] - The company hedged the remainder of 2025 with ~13 million BO at an average floor price of $64.87 per Bbl and FY 2026 with ~23 million BO at an average floor price of $65.44 per Bbl[11] - An analysis suggests that Ring Energy is trading at a discount, with a potential share price of $2.51 based on APA Divestiture and MNR Acquisition valuation metrics[56]

Company Overview - Berry Corporation is a publicly traded independent upstream energy company focused on onshore, low geologic risk, long-lived oil and gas reserves [2] - The company operates in two business segments: exploration and production (E&P) and well servicing and abandonment services [2] - 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 (65% oil) [2] Upcoming Financial Results - Berry Corporation will report second quarter 2025 results on August 6, 2025, after the close of U.S. financial markets [1] - A conference call and webcast to discuss these results will be held on August 7, 2025, at 11:00 a.m. Eastern Time [1] - Details for joining the live audio webcast and pre-registering for questions are provided [1]

Financial Performance & Operations - Q1 2025 average daily sales volumes were 18392 Boe/d, including 12074 Bo/d of oil, which is a 1% increase compared to Q4 2024[12] - Q1 2025 realized price was $4778 per Boe[12] - Q1 2025 Adjusted EBITDA was $464 million, a decrease of 9% compared to Q4 2024[12] - Q1 2025 capital expenditure was $325 million, a decrease of 14% compared to Q4 2024[12] - The company reduced 2025 capital expenditure guidance by 47% for Q2-Q4'25 due to lower oil prices[10] Acquisition & Reserves - The company closed the Lime Rock Resources (LRR) acquisition on March 31, 2025, adding ~12 MMBoe of proved reserves with PV10 of ~$160 million[8, 11] - Pro forma proved reserves including LRR assets increased by ~88% since YE 2021[10] - The LRR acquisition added ~18000 net acres and ~40 drilling locations[8] - The purchase price for Lime Rock's Shafter Lake and Midland Farms assets was $100 million[21] Guidance & Strategy - The company updated its pro forma sales guidance for Q2 2025 to 21500 Boe/d and FY 2025 sales guidance with a 5% reduction, reflecting a 2% Y-O-Y growth[10, 27] - The company has ~17 million barrels of oil hedged at an average floor price of $6444/Bbl for the remainder of 2025 and ~18 million barrels of oil hedged at an average floor price of $6689/Bbl in 2026[10] - The company is focused on maximizing free cash flow (FCF) and debt reduction, with a target leverage ratio below 10x[10, 77]