BRY Similar Chart Price Prediction
The price of BRY is predicted to go up 5.94%, based on the high correlation periods with UVE. The similarity of these two price pattern on the periods is 96.77%.
BRY
UVE
Up: 5.94%Similarity: 96.77%
BRY Revenue Forecast
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BRY Analyst's Forecast
Mark Lear
Piper Sandler
Hold
2024-11-18
Price Target
$7 → $5
Upside
+14.29%
Piper Sandler analyst Mark Lear lowered the firm's price target on Berry Corporation to $5 from $7 and keeps a Neutral rating on the shares. The firm adjusted estimates and price targets across its exploration and production coverage coming out of the Q3 results. The analyst continues to see a trend of upstream "doing more with less" and projects pro-forma low single-digit oil growth in fiscal 2025, driven by mid-single-digit lower spending. While the macro outlook and investor sentiment is leaning toward gas equities, valuations remain more favorable for oil equities discounting a median $65 per barrel oil price compared to gas at $3.40, the analyst tells investors in a research note.
