Berry (BRY) Stock Forecast, Price Target & Predictions

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BRY Stock Forecast

Berry stock forecast is as follows: an average price target of $7.00 (represents a 84.70% upside from BRY’s last price of $3.79) and a rating consensus of 'Hold', based on 1 wall street analysts offering a 1-year stock forecast.

BRY Price Target

The average price target for Berry (BRY) is $7.00 based on 1-year price targets from 1 Wall Street analysts in the past 3 months, with a price target range of $7.00 to $7.00. This represents a potential 84.70% upside from BRY's last price of $3.79.

BRY Analyst Ratings

Hold

According to 1 Wall Street analysts, Berry's rating consensus is 'Hold'. The analyst rating breakdown for BRY stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 1 'Hold' (100.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Berry Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Aug 15, 2024	Mark Lear	Piper Sandler	$7.00	$6.31	10.94%	84.70%

The latest Berry stock forecast, released on Aug 15, 2024 by Mark Lear from Piper Sandler, set a price target of $7.00, which represents a 10.94% increase from the stock price at the time of the forecast ($6.31), and a 84.70% increase from BRY last price ($3.79).

Berry Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	1
Avg Price Target	-	-	$7.00
Last Closing Price	$3.79	$3.79	$3.79
Upside/Downside	-100.00%	-100.00%	84.70%

In the current month, the average price target of Berry stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Berry's last price of $3.79. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Aug 15, 2024	Piper Sandler	Neutral	Neutral	Hold

Berry's last stock rating was published by Piper Sandler on Aug 15, 2024. The company gave BRY a "Neutral" rating, the same as its previous rate.

Berry Financial Forecast

Berry Revenue Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$300.33M	$118.80M	$229.36M	$216.47M	$243.56M	$262.17M	$293.79M	$255.94M	$224.46M	$174.28M	$154.90M	$147.71M	$100.98M	$101.31M
Avg Forecast	$239.49M	$234.72M	$230.04M	$225.46M	$164.40M	$167.10M	$167.70M	$168.20M	$178.33M	$178.67M	$175.67M	$174.00M	$177.33M	$186.67M	$187.38M	$182.65M	$190.28M	$194.82M	$178.39M	$184.05M	$199.45M	$223.70M	$229.60M	$205.58M	$155.78M	$141.68M	$112.37M	$121.37M	$132.96M	$137.25M
High Forecast	$251.50M	$246.49M	$241.58M	$236.76M	$172.65M	$175.48M	$176.11M	$176.64M	$187.28M	$187.63M	$184.48M	$182.73M	$186.23M	$186.93M	$196.77M	$191.81M	$197.05M	$204.60M	$187.34M	$193.28M	$209.45M	$223.70M	$229.60M	$205.58M	$155.78M	$141.68M	$112.37M	$121.37M	$132.96M	$137.25M
Low Forecast	$227.48M	$222.95M	$218.50M	$214.15M	$156.15M	$158.72M	$159.29M	$159.76M	$169.39M	$169.71M	$166.86M	$165.27M	$168.44M	$186.40M	$177.98M	$173.49M	$183.50M	$185.05M	$169.44M	$174.82M	$189.45M	$223.70M	$229.60M	$205.58M	$155.78M	$141.68M	$112.37M	$121.37M	$132.96M	$137.25M
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	1	1	1	1	1	1	1	7	9	9
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.58%	0.61%	1.29%	1.18%	1.22%	1.17%	1.28%	1.24%	1.44%	1.23%	1.38%	1.22%	0.76%	0.74%

Berry's average Quarter revenue forecast for Mar 24 based on 1 analysts is $182.65M, with a low forecast of $173.49M, and a high forecast of $191.81M. BRY's average Quarter revenue forecast represents a -39.18% decrease compared to the company's last Quarter revenue of $300.33M (Dec 23).

Berry EBITDA Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	1	1	1	1	1	1	1	7	9	9
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$119.47M	$-29.78M	$67.35M	$-40.04M	$34.91M	$67.19M	$142.60M	$120.09M	$57.80M	$52.79M	$31.11M	$20.63M	$-33.84M	$23.24M
Avg Forecast	$47.85M	$46.89M	$45.96M	$45.04M	$32.84M	$33.38M	$33.50M	$33.60M	$35.63M	$35.70M	$35.10M	$34.76M	$35.43M	$37.29M	$37.44M	$-13.71M	$38.01M	$38.92M	$35.64M	$-12.46M	$39.85M	$37.00M	$37.97M	$-11.33M	$25.76M	$23.43M	$18.58M	$55.69M	$21.99M	$22.70M
High Forecast	$50.25M	$49.25M	$48.26M	$47.30M	$34.49M	$35.06M	$35.18M	$35.29M	$37.42M	$37.49M	$36.86M	$36.51M	$37.21M	$37.35M	$39.31M	$-10.97M	$39.37M	$40.88M	$37.43M	$-9.97M	$41.85M	$37.00M	$37.97M	$-9.06M	$25.76M	$23.43M	$18.58M	$66.83M	$21.99M	$22.70M
Low Forecast	$45.45M	$44.54M	$43.65M	$42.78M	$31.20M	$31.71M	$31.82M	$31.92M	$33.84M	$33.90M	$33.34M	$33.02M	$33.65M	$37.24M	$35.56M	$-16.45M	$36.66M	$36.97M	$33.85M	$-14.95M	$37.85M	$37.00M	$37.97M	$-13.59M	$25.76M	$23.43M	$18.58M	$44.55M	$21.99M	$22.70M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.14%	-0.77%	1.89%	3.21%	0.88%	1.82%	3.76%	-10.60%	2.24%	2.25%	1.67%	0.37%	-1.54%	1.02%

1 analysts predict BRY's average Quarter EBITDA for Mar 24 to be $-13.71M, with a high of $-10.97M and a low of $-16.45M. This is -111.47% lower than Berry's previous annual EBITDA (Dec 23) of $119.47M.

Berry Net Income Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	1	1	1	1	1	1	1	7	9	9
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$62.55M	$-45.06M	$25.77M	$-5.86M	$71.96M	$191.66M	$43.35M	$-56.81M	$8.82M	$9.84M	$-12.88M	$-21.32M	$-63.83M	$-18.86M
Avg Forecast	$28.08M	$28.45M	$27.90M	$27.32M	$6.28M	$9.94M	$14.02M	$4.05M	$9.71M	$10.72M	$10.17M	$7.02M	$9.28M	$11.58M	$15.67M	$-61.27M	$18.97M	$22.19M	$-891.04K	$-55.70M	$11.65M	$37.06M	$50.47M	$-50.63M	$10.55M	$10.20M	$-6.06M	$-57.57M	$12.69M	$14.39M
High Forecast	$29.91M	$30.31M	$29.72M	$29.10M	$6.69M	$10.59M	$14.94M	$4.32M	$10.34M	$11.42M	$10.84M	$10.14M	$9.99M	$12.34M	$15.68M	$-49.01M	$25.01M	$23.64M	$-832.95K	$-44.56M	$13.98M	$37.06M	$50.47M	$-40.51M	$10.55M	$10.20M	$-6.06M	$-46.06M	$12.69M	$14.39M
Low Forecast	$26.25M	$26.60M	$26.08M	$25.54M	$5.87M	$9.29M	$13.11M	$3.79M	$9.08M	$10.02M	$9.51M	$3.12M	$7.85M	$10.83M	$15.66M	$-73.52M	$12.94M	$20.75M	$-949.14K	$-66.84M	$9.32M	$37.06M	$50.47M	$-60.76M	$10.55M	$10.20M	$-6.06M	$-69.08M	$12.69M	$14.39M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.30%	-2.03%	-28.92%	0.11%	6.18%	5.17%	0.86%	1.12%	0.84%	0.96%	2.13%	0.37%	-5.03%	-1.31%

Berry's average Quarter net income forecast for Mar 24 is $-61.27M, with a range of $-73.52M to $-49.01M. BRY's average Quarter net income forecast represents a -197.95% decrease compared to the company's last Quarter net income of $62.55M (Dec 23).

Berry SG&A Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	1	1	1	1	1	1	1	7	9	9
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$20.73M	$20.99M	$22.49M	$31.67M	$27.95M	$23.39M	$24.29M	$24.40M	$24.94M	$20.14M	$17.87M	$20.87M	$22.31M	$21.27M
Avg Forecast	$31.14M	$30.52M	$29.91M	$29.31M	$21.38M	$21.73M	$21.80M	$21.87M	$23.19M	$23.23M	$22.84M	$22.62M	$23.06M	$24.27M	$24.36M	$26.31M	$24.74M	$25.33M	$23.19M	$23.92M	$32.92M	$29.09M	$29.85M	$21.75M	$20.25M	$18.42M	$14.61M	$56.36M	$17.29M	$17.85M
High Forecast	$32.70M	$32.05M	$31.41M	$30.78M	$22.45M	$22.82M	$22.90M	$22.97M	$24.35M	$24.40M	$23.99M	$23.76M	$24.21M	$24.30M	$25.58M	$31.58M	$25.62M	$26.60M	$24.36M	$28.71M	$39.50M	$29.09M	$29.85M	$26.10M	$20.25M	$18.42M	$14.61M	$67.63M	$17.29M	$17.85M
Low Forecast	$29.58M	$28.99M	$28.41M	$27.84M	$20.30M	$20.64M	$20.71M	$20.77M	$22.02M	$22.06M	$21.69M	$21.49M	$21.90M	$24.24M	$23.14M	$21.05M	$23.86M	$24.06M	$22.03M	$19.14M	$26.34M	$29.09M	$29.85M	$17.40M	$20.25M	$18.42M	$14.61M	$45.09M	$17.29M	$17.85M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.84%	0.83%	0.97%	1.32%	0.85%	0.80%	0.81%	1.12%	1.23%	1.09%	1.22%	0.37%	1.29%	1.19%

Berry's average Quarter SG&A projection for Mar 24 is $26.31M, based on 1 Wall Street analysts, with a range of $21.05M to $31.58M. The forecast indicates a 26.94% rise compared to BRY last annual SG&A of $20.73M (Dec 23).

Berry EPS Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	1	1	1	1	1	1	1	7	9	9
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$0.81	$-0.60	$0.34	$-0.08	$0.94	$2.46	$0.54	$-0.71	$0.11	$0.12	$-0.16	$-0.27	$-0.80	$-0.24
Avg Forecast	$0.36	$0.37	$0.36	$0.35	$0.08	$0.13	$0.18	$0.05	$0.13	$0.14	$0.13	$0.09	$0.12	$0.15	$0.20	$0.18	$0.25	$0.29	$-0.01	$0.13	$0.23	$0.48	$0.66	$0.47	$0.14	$0.13	$-0.08	$-0.07	$0.17	$0.19
High Forecast	$0.39	$0.39	$0.39	$0.38	$0.09	$0.14	$0.19	$0.06	$0.13	$0.15	$0.14	$0.13	$0.13	$0.16	$0.20	$0.18	$0.32	$0.31	$-0.01	$0.13	$0.25	$0.48	$0.66	$0.47	$0.14	$0.13	$-0.08	$-0.07	$0.17	$0.19
Low Forecast	$0.34	$0.35	$0.34	$0.33	$0.08	$0.12	$0.17	$0.05	$0.12	$0.13	$0.12	$0.04	$0.10	$0.14	$0.20	$0.18	$0.17	$0.27	$-0.01	$0.12	$0.22	$0.48	$0.66	$0.47	$0.14	$0.13	$-0.08	$-0.07	$0.17	$0.19
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.29%	-2.08%	-29.40%	-0.61%	4.02%	5.11%	0.82%	-1.50%	0.80%	0.90%	2.03%	4.11%	-4.85%	-1.28%

According to 1 Wall Street analysts, Berry's projected average Quarter EPS for Mar 24 is $0.18, with a low estimate of $0.18 and a high estimate of $0.18. This represents a -77.39% decrease compared to BRY previous annual EPS of $0.81 (Dec 23).

Berry Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
BRY	Berry	$4.15	$7.00	68.67%	Hold
SM	SM Energy Company	$38.87	$52.67	35.50%	Buy
CRC	California Resources	$53.26	$66.50	24.86%	Buy
MGY	Magnolia Oil & Gas	$24.24	$29.00	19.64%	Buy
AR	Antero Resources	$31.59	$35.25	11.59%	Buy
RRC	Range Resources	$34.15	$35.88	5.07%	Buy
GPOR	Gulfport Energy	$174.48	$176.75	1.30%	Buy
CRK	Comstock Resources	$16.09	$8.67	-46.12%	Hold

BRY Forecast FAQ

Is Berry a good buy?

No, according to 1 Wall Street analysts, Berry (BRY) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 0 'Buy' recommendations, accounting for 0% of BRY's total ratings.

What is BRY's price target?

Berry (BRY) average price target is $7 with a range of $7 to $7, implying a 84.70% from its last price of $3.79. The data is based on 1 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Berry stock go up soon?

According to Wall Street analysts' prediction for BRY stock, the company can go up by 84.70% (from the last price of $3.79 to the average price target of $7), up by 84.70% based on the highest stock price target, and up by 84.70% based on the lowest stock price target.

Can Berry stock reach $6?

BRY's average twelve months analyst stock price target of $7 supports the claim that Berry can reach $6 in the near future.

What are Berry's analysts' financial forecasts?

Berry's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $667.4M (high $700.87M, low $633.93M), average EBITDA is $133.34M (high $140.03M, low $126.65M), average net income is $34.3M (high $36.54M, low $32.06M), average SG&A $86.77M (high $91.13M, low $82.42M), and average EPS is $0.445 (high $0.474, low $0.416). BRY's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $929.71M (high $976.34M, low $883.08M), average EBITDA is $185.74M (high $195.06M, low $176.43M), average net income is $111.75M (high $119.04M, low $104.47M), average SG&A $120.88M (high $126.94M, low $114.82M), and average EPS is $1.45 (high $1.54, low $1.36).

Did the BRY's actual financial results beat the analysts' financial forecasts?

Based on Berry's last annual report (Dec 2023), the company's revenue was $903.46M, beating the average analysts forecast of $747.54M by 20.86%. Apple's EBITDA was $180.56M, beating the average prediction of $100.12M by 80.34%. The company's net income was $37.4M, missing the average estimation of $-15.423M by -342.50%. Apple's SG&A was $95.87M, missing the average forecast of $97.19M by -1.35%. Lastly, the company's EPS was $0.48, missing the average prediction of $0.649 by -26.08%. In terms of the last quarterly report (Dec 2023), Berry's revenue was $300.33M, beating the average analysts' forecast of $190.28M by 57.84%. The company's EBITDA was $119.47M, beating the average prediction of $38.01M by 214.28%. Berry's net income was $62.55M, beating the average estimation of $18.97M by 229.67%. The company's SG&A was $20.73M, missing the average forecast of $24.74M by -16.21%. Lastly, the company's EPS was $0.81, beating the average prediction of $0.246 by 228.97%