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Berry Petroleum Advances Merger with California Resources

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Berry Petroleum Advances Merger with California Resources

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Berry Petroleum ( (BRY) ) has shared an announcement.

On November 10, 2025, the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act expired, allowing Berry Corporation to proceed with its merger to become a wholly-owned subsidiary of California Resources Corporation. The merger’s completion is contingent upon customary conditions, including Berry shareholder approval and authorization by the U.S. Federal Energy Regulatory Commission, with potential impacts on market positioning and stakeholder interests.

The most recent analyst rating on (BRY) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Berry Petroleum stock, see the BRY Stock Forecast page.

Spark’s Take on BRY Stock

According to Spark, TipRanks’ AI Analyst, BRY is a Neutral.

Berry Petroleum’s overall stock score is primarily impacted by its financial performance challenges, including declining revenue and profitability. Technical analysis indicates bearish momentum, while valuation is mixed with a negative P/E ratio but a reasonable dividend yield. The earnings call provided some positive insights, such as debt reduction and operational efficiencies, which slightly offset the negative financial trends.

To see Spark’s full report on BRY stock, click here.

More about Berry Petroleum

Average Trading Volume: 1,407,702

Technical Sentiment Signal: Hold

Current Market Cap: $260.8M

For an in-depth examination of BRY stock, go to TipRanks’ Overview page.

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