Berry Petroleum Company (NYSE:BRY) hit a new 52-week high Friday as it changed hands at $48.48 compared with its previous 52-week high of $48.46. Berry is currently trading at $48.25 with 166,433 shares changing hands as of 10:55 a.m..
NEW YORK ( TheStreet) -- Berry Petroleum Company (NYSE: BRY) hit a new 52-week high Friday as it traded at $48.48 compared with its previous 52-Week high of $48.46. Berry is changing hands at $48.25 with 166,433 shares traded as of 10:55 a.m. ET. Average volume has been 386,800 shares over the past 30 days. Berry has a market cap of $2.4 billion and is part of the basic materials sector and energy industry. Shares are up 5.5% year to date as of the close of trading on Thursday. Berry Petroleum Company, an independent energy company, engages in the production, development, acquisition, exploitation, and exploration of crude oil and natural gas in the United States. The company's properties are located in California, Texas, Utah, and Colorado. The company has a P/E ratio of 20.4, below the average energy industry P/E ratio of 20.9 and below the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates Berry as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, good cash flow from operations, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Berry Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.