Barnwell (BRN) AI Stock Analysis

• Market Cap: $10.88M
• Dividend Yield: N/A
• Average Volume (3M): 33.68K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.19
• Revenue Growth: -34.85%
• EPS Growth: -68.02%
• Country: US
• Employees: 27
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): -0.15
• Shares Outstanding: 10,073,534
• 10 Day Avg. Volume: 27,649
• 30 Day Avg. Volume: 33,684
• PEG Ratio: >-0.01
• Price to Book (P/B): 1.74
• Price to Sales (P/S): 1.04
• P/FCF Ratio: 19.14
• Enterprise Value/Market Cap: 0.96
• Enterprise Value/Revenue: 0.67
• Enterprise Value/Gross Profit: 7.03
• Enterprise Value/Ebitda: -3.12
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: $1.50 ▲(38.89% Upside)

Barnwell's overall stock score reflects significant financial challenges, with declining revenues and profitability being the most impactful factors. Technical analysis provides some short-term positive signals, but valuation remains unattractive due to negative earnings and lack of dividends. Strategic improvements are necessary to enhance financial performance and investor appeal.

Positive Factors

Low Leverage

Barnwell's low leverage provides financial stability and flexibility, allowing it to navigate through challenging market conditions without the burden of high debt.

Positive Operating Cash Flow

The ability to generate positive operating cash flow despite net losses indicates operational efficiency and potential for reinvestment in growth opportunities.

Leadership Changes

The appointment of experienced leadership in finance positions Barnwell for strategic financial management and potential turnaround in performance.

Negative Factors

Declining Revenues

Consistent revenue decline indicates challenges in market demand or operational inefficiencies, which could hinder long-term growth prospects.

Negative Profit Margins

Sustained negative profit margins reflect operational challenges and could impact the company's ability to invest in future growth and innovation.

Inconsistent Free Cash Flow

Inconsistent free cash flow limits Barnwell's ability to fund new projects or absorb financial shocks, posing a risk to long-term financial health.

Barnwell Business Overview & Revenue Model

Company Description

Barnwell Industries, Inc. acquires, develops, produces, and sells oil and natural gas in Canada. It operates through three segments: Oil and Natural Gas, Land Investment, and Contract Drilling. The company acquires and develops crude and natural gas assets in the province of Alberta; and invests in land interests in Hawaii. It also owns and operates five water well drilling rigs, two pump rigs, and other ancillary drilling and pump equipment; drills water and water monitoring wells of varying depths; installs and repairs water pumping systems; and distributes trillium flow technologies. Barnwell Industries, Inc. was incorporated in 1956 and is headquartered in Honolulu, Hawaii.

How the Company Makes Money

Barnwell generates revenue primarily through the exploration and production of oil and natural gas, which includes the sale of crude oil, natural gas liquids, and natural gas. The company earns income from its interests in various oil and gas properties, with revenue fluctuating based on market prices for these commodities. Additionally, Barnwell has revenue streams from its real estate segment, which includes rental incomes from residential and commercial properties. The company may also benefit from strategic partnerships in both the energy and real estate sectors, allowing for shared resources and expanded market reach, although specific partnerships are not detailed.

Barnwell Financial Statement Overview

Summary

Barnwell is experiencing financial difficulties with declining revenues and significant net losses. The income statement shows negative profitability margins, while the balance sheet indicates low leverage but declining equity and assets. Cash flow is positive but inconsistent, raising concerns about future investments.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	15.51M	21.72M	25.27M	28.55M	18.11M	18.35M
Gross Profit	1.49M	2.29M	4.71M	11.74M	5.04M	3.51M
EBITDA	-3.34M	890.00K	4.40M	10.06M	9.09M	-1.96M
Net Income	-6.56M	-5.57M	-961.00K	5.51M	6.25M	-4.76M
Balance Sheet
Total Assets	23.76M	30.67M	35.42M	37.22M	24.43M	15.18M
Cash, Cash Equivalents and Short-Term Investments	1.15M	4.50M	2.83M	12.80M	11.28M	4.58M
Total Debt	107.00K	75.00K	118.00K	266.00K	344.00K	512.00K
Total Liabilities	15.17M	17.61M	16.66M	18.05M	14.93M	17.14M
Stockholders Equity	8.57M	13.04M	18.74M	19.14M	9.50M	-2.04M
Cash Flow
Free Cash Flow	-1.19M	1.18M	-9.69M	-2.93M	-1.10M	-2.38M
Operating Cash Flow	9.00K	4.71M	1.94M	7.29M	831.00K	750.00K
Investing Cash Flow	-3.05M	-2.83M	-11.18M	-7.11M	3.69M	-833.00K
Financing Cash Flow	-310.00K	-226.00K	-786.00K	1.56M	2.19M	60.00K

Barnwell Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.08
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 1.08 is below the 20-day moving average (MA) of 1.13, below the 50-day MA of 1.20, and below the 200-day MA of 1.28, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 42.68 is Neutral, neither overbought nor oversold. The STOCH value of 15.91 is Positive, 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	71 Outperform	$20.87M	12.64	9.11%	0.98%	7.26%	40.01%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
BRN	50 Neutral	$10.88M	-1.70	-58.49%	―	-34.85%	-68.02%
VIVK	47 Neutral	$12.65M	-0.02	-163.97%	―	101.82%	-605.58%
BATL	44 Neutral	$18.76M	-0.34	-164.49%	―	-4.08%	-325.73%

Barnwell Corporate Events

Barnwell Elects Directors at Annual Meeting

At the 2025 Annual Meeting of Stockholders held on September 19, 2025, Barnwell Industries, Inc. elected four directors and ratified Weaver and Tidwell, L.L.P as its independent registered public accounting firm for the fiscal year ending September 30, 2025. The election saw Kenneth S. Grossman, Joshua S. Horowitz, Craig D. Hopkins, and Philip J. McPherson elected as directors, while the ratification of the accounting firm was overwhelmingly approved, indicating strong shareholder support for the company’s governance and financial oversight.

The most recent analyst rating on (BRN) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Barnwell stock, see the BRN Stock Forecast page.

Barnwell Industries Faces Turbulence Amid Activist Shareholder Pressure and Rising Costs

Barnwell Industries, Inc. is facing significant challenges due to the actions of an activist shareholder, the Sherwood Group, which are impacting its ability to execute business strategies effectively. The company’s Board of Directors has responded by forming an Executive Committee and hiring various professionals, leading to substantial legal and advisory costs. These ongoing expenses and uncertainties about the company’s future direction may hinder business opportunities, affect employee retention, and cause stock price volatility. The situation poses a considerable risk to Barnwell Industries’ operational results and financial stability.