10 Stocks Under $10 to Buy Now

8. Berry Corporation (NASDAQ:BRY)

Share Price as of July 30: $3.14

Number of Hedge Fund Holders: 26

Berry Corporation (NASDAQ:BRY) is one of the stocks under $10 to buy now. On July 17, Piper Sandler adjusted the price target for Berry Corporation from $5 to $4, while maintaining a Neutral rating on the shares. The revision came as the investment environment for E&P companies remains challenging after the second quarter. The sector is navigating volatile oil prices, increased geopolitical risks, and higher supplies from OPEC+.

In Q1 2025, Berry Corporation reported oil and gas sales of $148 million, with a realized oil price at 93% of Brent. The company generated $17 million in free cash flow and $68 million in Adjusted EBITDA for the quarter, with operating cash flow at $46 million. Production averaged 24,700 barrels per day.

Despite market volatility, Berry Corp reaffirmed its full-year guidance for 2025, projecting average daily production between 24,800 and 26,000 boe/d (with oil expected to be ~93% of total). Specifically, its Thermal Diatomite program in California is generating a rate of return exceeding 100%, and the Yuenta asset development is progressing well with cost reductions and production exceeding expectations from non-operated wells.

Berry Corporation (NASDAQ:BRY) is an independent upstream energy company in the western US. It operates through 2 segments: Exploration & Production/E&P, and Well Servicing & Abandonment.