Barnwell (BRN) AI Stock Analysis

• Market Cap: $11.38M
• Dividend Yield: N/A
• Average Volume (3M): 38.02K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.28
• Revenue Growth: -25.50%
• EPS Growth: -85.87%
• Country: US
• Employees: 27
• Sector: Energy
• Sector Strength: 49
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): -0.10
• Shares Outstanding: 10,073,534
• 10 Day Avg. Volume: 34,697
• 30 Day Avg. Volume: 38,018
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.33
• Enterprise Value/Revenue: 0.85
• Enterprise Value/Gross Profit: 7.21
• Enterprise Value/Ebitda: -6.04
• 1Y Price Target: $1.50
• Price Target Upside: 30.43% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 45 Neutral
• Price Target: $1.00 ▼(-13.04% Downside)

Barnwell's overall stock score is primarily impacted by its financial performance challenges, including declining revenues and profitability. The technical analysis suggests a lack of positive momentum, and the valuation is unfavorable with a negative P/E ratio. These factors highlight significant risks and the need for strategic improvements to enhance investor confidence and long-term viability.

Barnwell Business Overview & Revenue Model

Company Description

Barnwell Industries, Inc. (BRN) is primarily engaged in the business of oil and natural gas exploration, development, and production. The company operates within the energy sector, focusing on the acquisition, exploration, and development of oil and natural gas properties. Additionally, Barnwell has interests in land investment activities in Hawaii, which include the investment in leasehold interests in real estate.

How the Company Makes Money

Barnwell Industries generates revenue through its core operations in the oil and natural gas sector by exploring, developing, and producing these natural resources. The company earns money by selling the extracted oil and natural gas to various buyers and markets. Furthermore, Barnwell's land investment activities in Hawaii contribute to its revenue stream through the sale or lease of real estate interests. Key factors contributing to its earnings include the fluctuation in oil and gas prices, production volumes, and the successful execution of its real estate transactions.

Barnwell Financial Statement Overview

Summary

Barnwell is facing financial challenges with declining revenues and significant net losses impacting profitability. While the balance sheet shows low leverage and a stable equity base, the company's ability to generate consistent free cash flow is a concern.

Income Statement

Barnwell's income statement reveals a challenging environment with declining revenues and profitability. The TTM data shows a gross profit margin of 7.31%, which is relatively low, and a net profit margin of -45.25%, indicating significant losses. The revenue has been decreasing over the recent periods, with a noticeable decline from $28.5 million in 2022 to $15.1 million in the latest TTM. EBIT and EBITDA margins are also negative, reflecting operational difficulties.

Balance Sheet

Barnwell's balance sheet shows a moderate financial position with a debt-to-equity ratio of 0.01, indicating low leverage, which is a positive aspect. The equity ratio stands at 43.38%, suggesting a stable asset base supported by equity. However, the declining stockholders' equity and total assets over recent periods suggest potential concerns regarding asset management and shareholder value.

Cash Flow

The company's cash flow statement indicates some positive aspects, such as a positive operating cash flow of $2.58 million in TTM, but free cash flow is minimal at $0.068 million. The free cash flow to net income ratio is positive, reflecting operational cash generation despite net losses. However, the free cash flow growth is inconsistent, which could impact future capital investments.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	21.72M	25.27M	28.55M	18.11M	18.35M
Gross Profit	2.29M	4.71M	11.74M	5.04M	3.84M
EBITDA	-244.00K	4.40M	10.06M	9.09M	-1.96M
Net Income	-5.57M	-961.00K	5.51M	6.25M	-4.68M
Balance Sheet
Total Assets	30.67M	35.42M	37.22M	24.43M	15.18M
Cash, Cash Equivalents and Short-Term Investments	4.50M	2.83M	12.80M	11.28M	4.58M
Total Debt	7.00K	47.00K	161.00K	227.00K	312.00K
Total Liabilities	17.61M	16.66M	18.05M	14.93M	17.14M
Stockholders Equity	13.04M	18.74M	19.14M	9.50M	-2.04M
Cash Flow
Free Cash Flow	1.18M	-9.69M	-2.93M	-1.10M	-2.38M
Operating Cash Flow	4.71M	1.94M	7.29M	831.00K	750.00K
Investing Cash Flow	-2.83M	-11.18M	-7.11M	3.69M	-833.00K
Financing Cash Flow	-226.00K	-786.00K	1.56M	2.19M	60.00K

Barnwell Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.15
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BRN, the sentiment is Negative. The current price of 1.15 is below the 20-day moving average (MA) of 1.16, below the 50-day MA of 1.24, and below the 200-day MA of 1.52, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 46.76 is Neutral, neither overbought nor oversold. The STOCH value of 23.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BRN.

Barnwell Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MXC	74 Outperform	$16.37M	9.85	9.42%	1.20%	11.40%	30.87%
Sector *	66 Neutral	$15.10B	10.40	7.41%	5.56%	4.52%	-70.52%
BRN	45 Neutral	$11.38M	―	-49.65%	―	-25.50%	-85.87%
BATL	41 Neutral	$21.72M	―	36.17%	―	-6.23%	45.67%

Barnwell Corporate Events

Barnwell Board Member Heather Isidoro Resigns

On May 30, 2025, Heather Isidoro resigned from the Board of Directors of Barnwell Industries, Inc. Her resignation was due to personal reasons and was not related to any disagreements with the company’s operations, policies, or practices.

Barnwell Restructures Board After Sherwood Group Intervention

On May 16, 2025, Barnwell Industries, Inc. underwent significant changes in its board structure following a successful consent solicitation led by the Sherwood Group. The stockholders approved three proposals: repealing recent bylaw amendments, removing current board members, and electing a new slate of directors, including members of the Sherwood Group. This shift in governance could impact Barnwell’s strategic direction and stakeholder relations.