Berry Reaches New 52-Week High (BRY)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Berry Petroleum (NYSE: BRY) hit a new 52-week high Wednesday as it is currently trading at $48.19, above its previous 52-week high of $48.16 with 20,512 shares traded as of 9:56 a.m. ET. Average volume has been 898,600 shares over the past 30 days.

Berry has a market cap of $2.51 billion and is part of the basic materials sector and energy industry. Shares are up 42.3% year to date as of the close of trading on Tuesday.

Berry Petroleum Company, an independent energy company, engages in the acquisition, exploitation, exploration, production, and development of oil and natural gas in the continental United States. The company has a P/E ratio of 15.5, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Berry as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. You can view the full Berry Ratings Report.

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