Seeking Alpha

Berry Petroleum (BRY -2.5%) is downgraded to Hold from Buy at Wunderlich following its Q3...

Berry Petroleum (BRY -2.5%) is downgraded to Hold from Buy at Wunderlich following its Q3 earnings miss. The firm says while 2013 projected capex of $500M-$600M is lower than expected, sequential production growth of 5%-10% is well below its 14% forecast. The firm likes BRY's asset base but is cautious that operational issues could continue to hamper growth.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)