New activity is brewing for Berry Petroleum ( (BRY) ). The company has submitted a Form DEFM14A to the SEC, indicating an upcoming shareholder vote. This form gives shareholders all the information they need to develop an informed vote. Read on to learn more about the proposed company action.
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Berry Corporation announced a proposed merger with California Resources Corporation (CRC), with the agreement signed on September 14, 2025. The merger will result in Berry becoming a wholly-owned subsidiary of CRC. Berry stockholders are invited to a virtual special meeting on December 15, 2025, to vote on the merger agreement and related proposals. The merger consideration involves Berry stockholders receiving CRC shares, with the value subject to market fluctuations. The Berry Board has unanimously recommended approval of the merger, citing it as fair and in the best interests of the company and its shareholders.
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.
Berry Petroleum’s overall stock score is driven by its stable financial position and strong cash flow management, as well as positive sentiment from the recent earnings call. However, technical analysis indicates potential short-term weakness, and the high P/E ratio suggests overvaluation. The company’s focus on debt reduction and operational efficiencies are positive, but profitability challenges remain.
To see Spark’s full report on BRY stock, click here.
More about Berry Petroleum
Berry Corporation operates within the oil and gas industry, primarily focusing on the exploration and production of oil and natural gas. The company is known for its operations in California and is listed on the Nasdaq Global Select Market under the symbol ‘BRY’.
Average Trading Volume: 1,406,402
Technical Sentiment Signal: Hold
Current Market Cap: $260.7M
For an in-depth examination of BRY stock, go to TipRanks’ Overview page.