Berry Corporation Announces Second Quarter 2025 Financial and Operational Results, Continued Debt Reduction and Quarterly Dividend
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 06 2025
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BRY.O$0.0000%Past 6 months

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Analyst Views on BRY
Wall Street analysts forecast BRY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BRY is 5.17 USD with a low forecast of 4.00 USD and a high forecast of 7.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Wall Street analysts forecast BRY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BRY is 5.17 USD with a low forecast of 4.00 USD and a high forecast of 7.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Current: 3.440

Current: 3.440

Johnson Rice downgraded Berry Corporation to Hold from Buy with a $4 price target.
Outperform
maintain
$65 -> $71
Reason
Mizuho raised the firm's price target on California Resources (CRC) to $71 from $65 and keeps an Outperform rating on the shares. The combination with Berry (BRY) and progress on the California regulations are positive, the analyst tells investors in a research note. the deal bolsters the legacy oil & gas business, while progress on regulations should support development of the carbon management segment, the firm argues.
Neutral
downgrade
$5 -> $4
Reason
Piper Sandler lowered the firm's price target on Berry Corporation to $4 from $5 and keeps a Neutral rating on the shares. The firm says the E&P investing environment remains challenging coming out of Q2, marked by a volatile oil price environment with increased geopolitical risk offset by higher OPEC+ supplies, while strong secular gas-demand trends have been offset by stubbornly high supplies and strong inventory builds. The long-term gas demand story, driven by power generation and data center buildout, got a shot in the arm earlier this week on the back of the PA Power and Innovation Summit, with $90B of announcement investment in power and data center buildout, Piper says. The firm prefers more defensive positioning in oil.
Johnson Rice
Charles Meade
Accumulate -> Buy
upgrade
Reason
Johnson Rice
Charles Meade
Johnson Rice analyst Charles Meade upgraded Berry Corporation to Buy from Accumulate.
About BRY
Berry Corporation (Bry) is an independent upstream energy company with a focus on onshore, low geologic risk, low decline, long-lived oil and gas reserves. The Company operates in two business segments: exploration and production (E&P) and well servicing and abandonment services. The E&P assets are located in California and Utah, are characterized by high oil content and are predominantly located in rural areas with a low population. The California assets are in the San Joaquin Basin (100% oil), and its Utah assets are in the Uinta Basin (65% oil). It provides its well servicing and abandonment services to third-party operators in California and its California E&P operations through C&J Well Services (CJWS). Its California operating area consists of properties located in Midway-Sunset, South Belridge, McKittrick and Poso Creek fields in the San Joaquin basin in Kern County. The Company’s properties in this region are primarily mature, low-decline oil wells.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.