NEW YORK ( TheStreet) -- The ex-dividend date for Berry Petroleum (NYSE: BRY) is tomorrow, December 9, 2011. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $41.24 as of 9:30 a.m. ET, the dividend yield is 0.7%.

The average volume for Berry has been 927,800 shares per day over the past 30 days. Berry has a market cap of $2.28 billion and is part of the basic materials sector and energy industry. Shares are down 5% year to date as of the close of trading on Wednesday.

Berry Petroleum Company, an independent energy company, engages in the acquisition, exploitation, exploration, production, and development of crude oil and natural gas in the United States. Its properties are located in California, Texas, Utah, and Colorado. The company has a P/E ratio of 93.6, above the average energy industry P/E ratio of 13.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Berry as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Berry Ratings Report.

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