Piper Jaffray Reiterates a Buy Rating on Berry Petroleum Corp (BRY)

By Ryan Adsit

In a report released today, Ryan Todd from Piper Jaffray reiterated a Buy rating on Berry Petroleum Corp (BRYResearch Report), with a price target of $11. The company’s shares opened today at $10.71.

According to TipRanks.com, Todd is a 1-star analyst with an average return of -1.6% and a 44.3% success rate. Todd covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, Whiting Petroleum Corp, and Continental Resources.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Berry Petroleum Corp with a $18 average price target, representing a 68.1% upside. In a report issued on January 7, BMO Capital also reiterated a Buy rating on the stock with a $13 price target.

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The company has a one-year high of $18.55 and a one-year low of $7.87. Currently, Berry Petroleum Corp has an average volume of 398.9K.

Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BRY in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Berry Petroleum Corp. is an independent upstream energy company, which engages in the development and production of conventional oil reserves. The company was founded in 1909 and is headquartered in Bakersfield, CA.