Barnwell (BRN)
XASE:BRN
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Barnwell
(NYSE MKT:BRN)
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Rating:51Neutral
Price Target:
$1.00
▼(-13.04% Downside)
Action:Reiterated
Date:05/21/26
The score is held back primarily by weak financial performance (profitability deterioration and negative TTM operating/free cash flow). Neutral-to-slightly positive technical indicators and constructive corporate events (asset review/strategic options and cash distribution) provide some support, but valuation remains pressured due to losses (negative P/E).
Positive Factors
Low leverage / strong balance sheet
Very low debt and minimal refinancing pressure provide durable financial flexibility. Over a 2–6 month horizon this reduces bankruptcy and liquidity risk, enabling the company to pursue asset sales or capex selectively while absorbing operating volatility and preserving optionality for strategic moves.
Negative Factors
Sharp revenue decline & deep negative margins
Sustained revenue erosion and very negative margins indicate the cost base is not covered by current sales. Over 2–6 months this undermines profitability resilience, erodes equity, reduces reinvestment capacity, and increases the chance that further asset sales or restructuring will be required.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Very low debt and minimal refinancing pressure provide durable financial flexibility. Over a 2–6 month horizon this reduces bankruptcy and liquidity risk, enabling the company to pursue asset sales or capex selectively while absorbing operating volatility and preserving optionality for strategic moves.
Read all positive factors
Barnwell (BRN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$15.98M
Dividend YieldN/A
Average Volume (3M)33.68K
Price to Earnings (P/E)―
Beta (1Y)-0.12
Revenue Growth-36.07%
EPS Growth1.03%
CountryUS
Employees27
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.63
Shares Outstanding14,395,560
10 Day Avg. Volume27,649
30 Day Avg. Volume33,684
Financial Highlights & Ratios
PEG Ratio-0.08
Price to Book (P/B)1.87
Price to Sales (P/S)0.95
P/FCF Ratio-2.65
Enterprise Value/Market Cap0.47
Enterprise Value/Revenue0.66
Enterprise Value/Gross Profit20.49
Enterprise Value/Ebitda-1.91
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 g...
How the Company Makes Money
Barnwell makes money mainly through two operating segments: (1) Oil and Natural Gas: The company generates revenue by selling crude oil and natural gas produced from properties in which it holds working interests. Revenue is generally a function o...
Barnwell Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
62
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.40M | 13.70M | 21.72M | 25.27M | 28.55M | 18.11M |
| Gross Profit | 366.00K | 1.58M | 2.29M | 4.71M | 11.74M | 5.04M |
| EBITDA | -3.92M | -3.09M | 890.00K | 4.40M | 10.06M | 9.09M |
| Net Income | -6.51M | -6.91M | -5.57M | -961.00K | 5.51M | 6.25M |
Balance Sheet | ||||||
| Total Assets | 21.55M | 20.81M | 30.67M | 35.42M | 37.22M | 24.43M |
| Cash, Cash Equivalents and Short-Term Investments | 4.02M | 2.89M | 4.50M | 2.83M | 12.80M | 11.28M |
| Total Debt | 67.00K | 264.00K | 7.00K | 47.00K | 266.00K | 344.00K |
| Total Liabilities | 13.39M | 13.79M | 17.61M | 16.66M | 18.05M | 14.93M |
| Stockholders Equity | 8.13M | 7.01M | 13.04M | 18.74M | 19.14M | 9.50M |
Cash Flow | ||||||
| Free Cash Flow | -1.11M | -4.94M | 1.18M | -9.69M | -2.93M | -1.10M |
| Operating Cash Flow | -3.27M | -1.87M | 4.71M | 1.94M | 7.29M | 831.00K |
| Investing Cash Flow | 2.66M | 773.00K | -2.83M | -11.18M | -7.11M | 3.69M |
| Financing Cash Flow | 3.18M | -418.00K | -226.00K | -786.00K | 1.56M | 2.19M |
Barnwell Technical Analysis
Negative
1.15
Price Trends
1.12
Negative
1.11
Positive
1.14
Negative
Market Momentum
<0.01
Positive
48.12
Neutral
39.96
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 above the 20-day moving average (MA) of 1.12, above the 50-day MA of 1.12, and above the 200-day MA of 1.14, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 48.12 is Neutral, neither overbought nor oversold. The STOCH value of 39.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BRN.
Barnwell Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $18.69M | 100.88 | 6.59% | 0.96% | -3.34% | -5.63% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
51 Neutral | $15.98M | -2.35 | -77.96% | ― | -36.07% | 1.03% | |
51 Neutral | $41.62M | -0.30 | -38.74% | ― | -18.02% | -131.87% | |
46 Neutral | $5.93M | -0.09 | -69.23% | ― | -22.13% | -238.13% |
* Energy Sector Average
BRN
Barnwell
1.11
-0.19
-14.62%
MXC
Mexco Energy
9.14
2.39
35.35%
MTR
Mesa Royalty
3.88
-0.90
-18.86%
VIVK
Vivakor
1.38
-143.66
-99.05%
BATL
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1.89
0.56
42.21%
TPET
Trio Petroleum Corp.
0.37
-0.81
-68.98%
Barnwell Corporate Events
Business Operations and StrategyFinancial Disclosures
Barnwell Highlights Kukio Cash Distribution, Asset Review Efforts
Positive
Mar 27, 2026
On March 23, 2026, Barnwell Industries announced it received a cash distribution of about $290,000 from its minority interests in the KD Kona and KKM Makai Kukio Resort land development partnerships on Hawaii’s Big Island. These holdings giv...
Business Operations and StrategyM&A Transactions
Barnwell Weighs Strategic Options for Canadian Oil Assets
Positive
Mar 23, 2026
On March 19, 2026, Barnwell Industries highlighted the increased value of its Canadian oil production, which generates about 950 barrels of oil equivalent per day from long-life conventional reserves in Alberta’s Twining field. The company s...
Business Operations and StrategyExecutive/Board Changes
Barnwell Appoints Sean Wallace as Strategic M&A Advisor
Positive
Mar 16, 2026
On March 11, 2026, Barnwell Industries, Inc. announced it had appointed veteran finance executive Sean Wallace as a strategic advisor to strengthen its mergers and acquisitions capabilities and broader corporate development efforts. Wallace, who p...
Business Operations and StrategyM&A Transactions
Barnwell Explores Strategic Alternatives for Canadian Oil Assets
Neutral
Mar 13, 2026
Barnwell Industries, Inc. announced it has retained an independent financial advisor to help evaluate strategic alternatives for its Canadian oil and gas business, including a possible sale of those assets. The company has begun soliciting and rev...
Business Operations and StrategyFinancial Disclosures
Barnwell Highlights Strong Winter Canadian Oil Production Performance
Positive
Mar 9, 2026
On March 4, 2026, Barnwell Industries highlighted operational results from its first-quarter fiscal 2026 period, emphasizing the reliability of its Canadian oil production during the winter operating season. The company reported minimal weather-re...
Private Placements and FinancingRegulatory Filings and Compliance
Barnwell Launches At-The-Market Equity Offering Program
Neutral
Feb 25, 2026
On February 25, 2026, Barnwell Industries, Inc. entered into a sales agreement with Roth Capital Partners, LLC that allows the company to sell up to $50 million of its common stock in at-the-market offerings, subject to market conditions and mutua...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.