Berry Petroleum Stockholders Approve Merger with CRC

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

On December 15, 2025, Berry Corporation held a virtual special meeting where stockholders approved a merger with California Resources Corporation, with 73% of total shares outstanding and 98% of shares voted in favor. The merger is expected to close on December 18, 2025, and involves Berry stockholders receiving a fixed exchange ratio of CRC common stock for each Berry share, potentially impacting the company’s market positioning and operations.

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.

The overall stock score for Berry Petroleum is primarily influenced by the positive impact of the merger with California Resources, which is expected to drive long-term growth and operational efficiency. However, the company’s financial performance is currently challenged by declining revenue and profitability, and the valuation is impacted by negative earnings. Technical indicators provide a mixed outlook, with some potential for upward momentum.

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

More about Berry Petroleum

Berry Corporation is a publicly traded independent upstream energy company operating primarily in the western United States. The company focuses on onshore, low geologic risk, long-lived oil and gas reserves, with exploration and production assets located in California and Utah. Berry operates in two business segments: exploration and production, and well servicing and abandonment services, with a significant presence in the San Joaquin Basin and Uinta Basin.

Average Trading Volume: 1,044,271

Technical Sentiment Signal: Sell

Current Market Cap: $268.5M

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