Berry Petroleum Merges with California Resources

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

On September 14, 2025, Berry Corporation entered into a merger agreement with California Resources Corporation and Dornoch Merger Sub, LLC, which will result in Berry becoming a wholly-owned subsidiary of California Resources. The merger, which involves an exchange of shares and cash payments for fractional shares, has been deemed advisable and in the best interests of Berry’s stockholders by its board of directors. The completion of the merger is subject to various conditions, including stockholder approval and regulatory clearances. The agreement includes provisions for the treatment of equity awards and retention agreements for key employees, and outlines potential termination scenarios and associated fees.

The most recent analyst rating on (BRY) stock is a Hold with a $4.50 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 reflects a stable financial position and strong cash flow management, which are the most significant factors. The earnings call provided positive insights into operational efficiencies and debt reduction. However, the high P/E ratio and overbought technical indicators suggest caution. The company’s ability to navigate regulatory challenges and manage capital expenditures will be crucial for future performance.

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

More about Berry Petroleum

Berry Petroleum is a Delaware corporation operating in the oil and gas industry, focusing on the exploration and production of petroleum resources.

Average Trading Volume: 1,281,812

Technical Sentiment Signal: Hold

Current Market Cap: $311.2M

See more data about BRY stock on TipRanks’ Stock Analysis page.