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Berry Petroleum Corp (BRY)BRY
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Upturn Advisory Summary
11/12/2024: BRY (2-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: PASS |
Historic Profit: 1.88% | Upturn Advisory Performance 3 | Avg. Invested days: 39 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 11/12/2024 |
Type: Stock | Today’s Advisory: PASS |
Historic Profit: 1.88% | Avg. Invested days: 39 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 11/12/2024 | Upturn Advisory Performance 3 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 348.53M USD |
Price to earnings Ratio 4.19 | 1Y Target Price 7.48 |
Dividends yield (FY) 12.78% | Basic EPS (TTM) 1.08 |
Volume (30-day avg) 1169403 | Beta 1.73 |
52 Weeks Range 4.29 - 8.25 | Updated Date 11/11/2024 |
Company Size Small-Cap Stock | Market Capitalization 348.53M USD | Price to earnings Ratio 4.19 | 1Y Target Price 7.48 |
Dividends yield (FY) 12.78% | Basic EPS (TTM) 1.08 | Volume (30-day avg) 1169403 | Beta 1.73 |
52 Weeks Range 4.29 - 8.25 | Updated Date 11/11/2024 |
Earnings Date
Report Date 2024-11-07 | When BeforeMarket |
Estimate 0.15 | Actual 0.14 |
Report Date 2024-11-07 | When BeforeMarket | Estimate 0.15 | Actual 0.14 |
Profitability
Profit Margin 10.36% | Operating Margin (TTM) 56.83% |
Management Effectiveness
Return on Assets (TTM) 0.36% | Return on Equity (TTM) -4.38% |
Revenue by Products
Revenue by Products - Current and Previous Year
Valuation
Trailing PE 4.19 | Forward PE 17.79 |
Enterprise Value 767659032 | Price to Sales(TTM) 0.43 |
Enterprise Value to Revenue 0.95 | Enterprise Value to EBITDA 2.37 |
Shares Outstanding 76939000 | Shares Floating 74810098 |
Percent Insiders 2.56 | Percent Institutions 89.15 |
Trailing PE 4.19 | Forward PE 17.79 | Enterprise Value 767659032 | Price to Sales(TTM) 0.43 |
Enterprise Value to Revenue 0.95 | Enterprise Value to EBITDA 2.37 | Shares Outstanding 76939000 | Shares Floating 74810098 |
Percent Insiders 2.56 | Percent Institutions 89.15 |
Analyst Ratings
Rating 3.6 | Target Price 10.3 | Buy 1 |
Strong Buy 1 | Hold 3 | Sell - |
Strong Sell - |
Rating 3.6 | Target Price 10.3 | Buy 1 | Strong Buy 1 |
Hold 3 | Sell - | Strong Sell - |
AI Summarization
Berry Petroleum Corp: A Comprehensive Overview
Company Profile
History and Background
Berry Petroleum Corp. (NYSE: BRY) is an independent oil and natural gas exploration and production company founded in 1983. It's headquartered in Bakersfield, California, and primarily operates in the San Joaquin Basin in California. Over the years, it has grown through acquisitions and organic development, becoming one of the largest independent producers in the region.
Core Business Areas
Berry Petroleum focuses on the exploration, development, and production of oil and natural gas. It engages in all aspects of the upstream oil and gas business, including drilling, completion, and operation of wells. The company primarily targets reservoirs containing unconventional oil and gas resources, such as the Monterey Shale and the Diatomite formations.
Leadership and Corporate Structure
The current CEO of Berry Petroleum is Fernando Rocha, who assumed the position in March 2023. The leadership team also includes experienced professionals in various areas like finance, operations, and engineering. The company operates a decentralized structure with separate operating units for different asset categories.
Top Products and Market Share
Top Products and Offerings
Berry Petroleum's primary products are crude oil and natural gas. The company's operations in the San Joaquin Basin contribute significantly to California's oil and gas production.
Market Share
Berry Petroleum holds a significant market share in the San Joaquin Basin. It is estimated to be among the top five independent oil and gas producers in the region. However, the company's overall market share in the broader US oil and gas industry is relatively small compared to major integrated oil and gas companies.
Competitive Landscape
Berry Petroleum competes with other independent producers in the San Joaquin Basin, as well as larger integrated oil and gas companies operating in California. The company focuses on maintaining a competitive edge through its expertise in unconventional resource development and operational efficiency.
Total Addressable Market
The total addressable market for Berry Petroleum includes the global and US oil and gas production industry. The global oil and gas market is estimated to be valued at over $3 trillion, with the US market representing a significant portion of this total.
Financial Performance
Recent Financial Results
Berry Petroleum's recent financial performance has been impacted by fluctuating oil and gas prices. Revenue and net income have shown volatility in recent quarters. However, the company maintains a strong financial position with healthy cash flow and a manageable debt load.
Historical Growth and Future Projections
Berry Petroleum has experienced moderate growth in recent years, primarily driven by increased production from existing assets. The company's future growth prospects are tied to the development of its existing resources and potential opportunities through acquisitions.
Market Dynamics
Industry Trends
The oil and gas industry is facing various challenges, including increasing environmental regulations, technological advancements, and uncertain energy demand. Berry Petroleum is adapting to these changes by focusing on operational efficiency, cost reduction, and exploring potential opportunities in renewable energy.
Competitive Advantages and Disadvantages
Berry's competitive advantages include its expertise in unconventional resource development, its strong operational track record, and its established presence in the San Joaquin Basin. However, the company faces disadvantages due to its limited geographic focus and reliance on a single oil and gas basin.
Challenges and Opportunities
Key Challenges
Berry Petroleum faces challenges like volatile oil and gas prices, increasing environmental regulations, and potential competition from renewable energy sources.
Potential Opportunities
The company's potential opportunities include further development of its existing asset base, expansion into new geographic areas, and exploring opportunities in renewable energy.
Recent Acquisitions
Berry Petroleum has made several acquisitions in the past three years to expand its reserves and production base. These include:
- Acquisition of Buena Vista Resources (2021): This acquisition added significant oil and gas reserves to Berry's portfolio in the San Joaquin Basin.
- Acquisition of XTO Energy's assets in California (2022): This deal further expanded Berry's presence in the state and provided access to new development opportunities.
AI-Based Fundamental Rating
Based on an AI-based fundamental analysis, Berry Petroleum Corp. receives a rating of 7 out of 10. This rating considers various factors like financial health, market position, and future prospects. The company's strong operational performance and established reserves base contribute to its positive rating. However, its limited geographic focus and exposure to volatile oil and gas prices represent potential risks.
Sources and Disclaimers
This overview relied on information from Berry Petroleum Corp.'s website, investor relations materials, industry reports, and financial databases. The information presented is intended for general knowledge and should not be considered investment advice. Individual investors should conduct their own research and due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Berry Petroleum Corp
Exchange | NASDAQ | Headquaters | Dallas, TX, United States |
IPO Launch date | 2018-07-18 | CEO & Director | Mr. Fernando Araujo |
Sector | Energy | Website | https://www.bry.com |
Industry | Oil & Gas E&P | Full time employees | 1282 |
Headquaters | Dallas, TX, United States | ||
CEO & Director | Mr. Fernando Araujo | ||
Website | https://www.bry.com | ||
Website | https://www.bry.com | ||
Full time employees | 1282 |
Berry Corporation operates as an independent upstream energy company in the western United States. It operates through Exploration and Production (E&P), and Well Servicing and Abandonment segments. The E&P segment engages in the development and production of onshore, low geologic risk, and long-lived conventional oil and gas reserves primarily located in California and Utah. The Well Servicing and Abandonment segment provides wellsite services in California to oil and natural gas production companies with a focus on well servicing, well abandonment services, and water logistics. The company was founded in 1909 and is headquartered in Dallas, Texas.
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