Berry Petroleum Earnings Estimate
| BRY Stock | USD 8.00 0.03 0.38% |
Berry |
Berry Petroleum Earnings per Share Projection vs Actual
About Berry Petroleum Earnings Estimate
The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Berry Petroleum earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Berry Petroleum estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Berry Petroleum fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.| Last Reported | Projected for Next Year | ||
| Retained Earnings | 52.5 M | 56.8 M | |
| Retained Earnings Total Equity | -150.7 M | -143.2 M | |
| Earnings Yield | 0.07 | 0.07 | |
| Price Earnings Ratio | 14.29 | 15.01 | |
| Price Earnings To Growth Ratio | (0.17) | (0.16) |
Pair Trading with Berry Petroleum
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Berry Petroleum position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Berry Petroleum will appreciate offsetting losses from the drop in the long position's value.Moving together with Berry Stock
| 0.9 | AR | Antero Resources Corp | PairCorr |
| 0.91 | PR | Permian Resources Financial Report 13th of May 2024 | PairCorr |
| 0.91 | SD | SandRidge Energy | PairCorr |
| 0.94 | SM | SM Energy | PairCorr |
Moving against Berry Stock
| 0.71 | EP | Empire Petroleum Corp | PairCorr |
The ability to find closely correlated positions to Berry Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Berry Petroleum when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Berry Petroleum - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Berry Petroleum Corp to buy it.
The correlation of Berry Petroleum is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Berry Petroleum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Berry Petroleum Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Berry Petroleum can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Berry Petroleum Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Complementary Tools for Berry Stock analysis
When running Berry Petroleum's price analysis, check to measure Berry Petroleum's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Berry Petroleum is operating at the current time. Most of Berry Petroleum's value examination focuses on studying past and present price action to predict the probability of Berry Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Berry Petroleum's price. Additionally, you may evaluate how the addition of Berry Petroleum to your portfolios can decrease your overall portfolio volatility.
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Is Berry Petroleum's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Berry Petroleum. If investors know Berry will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Berry Petroleum listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.11) | Dividend Share 0.73 | Earnings Share 0.03 | Revenue Per Share 11.164 | Quarterly Revenue Growth (0.07) |
The market value of Berry Petroleum Corp is measured differently than its book value, which is the value of Berry that is recorded on the company's balance sheet. Investors also form their own opinion of Berry Petroleum's value that differs from its market value or its book value, called intrinsic value, which is Berry Petroleum's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Berry Petroleum's market value can be influenced by many factors that don't directly affect Berry Petroleum's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Berry Petroleum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Berry Petroleum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Berry Petroleum's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.