Berry Petroleum (BRY) AI Stock Analysis

• Market Cap: $237.44M
• Dividend Yield: 3.92%
• Average Volume (3M): 1.20M
• Price to Earnings (P/E): 9.6
• Beta (1Y): 0.60
• Revenue Growth: -31.28%
• EPS Growth: -1265.13%
• Country: US
• Employees: 1,070
• Sector: Energy
• Sector Strength: 56
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 0.12
• Shares Outstanding: 77,596,200
• 10 Day Avg. Volume: 1,523,141
• 30 Day Avg. Volume: 1,197,156
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.78
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 2.83
• Enterprise Value/Market Cap: 4.12
• Enterprise Value/Revenue: 0.29
• Enterprise Value/Gross Profit: 1.28
• Enterprise Value/Ebitda: 1.43
• 1Y Price Target: $4.00
• Price Target Upside: 30.72% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 70 Neutral
• Price Target: $3.00 ▼(-1.96%Downside)

Berry Petroleum's overall score is influenced by its strong earnings call performance, which highlights operational successes and strategic financial management. However, financial performance concerns, particularly profitability and revenue fluctuations, weigh on the score. Technical analysis and valuation present mixed signals, with a negative P/E ratio but a decent dividend yield.

Berry Petroleum Business Overview & Revenue Model

Company Description

Berry Petroleum Company, LLC (BRY) is an independent upstream energy company focused on the development and production of oil and natural gas reserves. The company primarily operates in the western United States, with significant operations in California. Berry Petroleum's core activities include the exploration, development, and production of oil and natural gas, leveraging its expertise in thermal enhanced oil recovery methods to efficiently extract reserves from its assets.

How the Company Makes Money

Berry Petroleum makes money through the exploration, production, and sale of crude oil, natural gas, and natural gas liquids. The company's revenue model is primarily driven by the sale of these commodities, with crude oil accounting for the majority of its revenues. Prices for these commodities are influenced by market conditions, which can fluctuate due to various factors such as supply and demand dynamics, geopolitical events, and regulatory changes. Berry Petroleum also engages in hedging activities to mitigate the risks associated with volatile commodity prices. Additionally, the company may engage in strategic partnerships or joint ventures to optimize its operational efficiencies and enhance its revenue-generating capabilities.

Berry Petroleum Financial Statement Overview

Summary

Berry Petroleum shows strong operational efficiency and cash flow management, but faces profitability challenges due to a net loss. The balance sheet is stable, with manageable leverage, yet profitability concerns persist.

Income Statement

The company's income statement shows a mixed performance. The gross profit margin for TTM is exceptionally high, indicating efficient cost management, but the net profit margin is negative due to a net loss, signaling profitability issues. Revenue has experienced fluctuations, with a decline in the latest TTM period compared to the previous year. EBIT and EBITDA margins are relatively strong, showing operational efficiency despite revenue challenges.

Balance Sheet

The balance sheet appears stable with a moderate debt-to-equity ratio, indicating a balanced approach to leverage. The equity ratio suggests a strong capital structure with a substantial portion of assets financed by equity. However, the return on equity is negative in the TTM period due to the net loss, highlighting profitability concerns.

Cash Flow

Cash flow analysis reveals a positive trend in free cash flow, showing improvement in cash generation capabilities. The operating cash flow to net income ratio is robust, indicating strong cash flow relative to reported earnings. However, the free cash flow to net income ratio is affected by the negative net income, reflecting challenges in translating profits into cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	751.37M	776.50M	863.45M	1.06B	701.35M	406.05M
Gross Profit	767.26M	776.50M	237.34M	431.62M	269.32M	63.92M
EBITDA	52.93M	161.05M	251.38M	401.10M	163.58M	-96.64M
Net Income	-37.34M	19.25M	37.40M	250.17M	-15.54M	-262.89M
Balance Sheet
Total Assets	1.40B	1.52B	1.59B	1.63B	1.46B	1.42B
Cash, Cash Equivalents and Short-Term Investments	39.00M	15.34M	4.83M	46.25M	15.28M	80.56M
Total Debt	376.41M	386.67M	436.06M	397.40M	394.57M	393.48M
Total Liabilities	772.87M	787.05M	836.18M	830.54M	763.83M	705.77M
Stockholders Equity	631.47M	730.64M	757.98M	800.49M	692.65M	714.04M
Cash Flow
Free Cash Flow	120.86M	107.87M	117.59M	222.31M	-10.63M	102.73M
Operating Cash Flow	228.82M	210.22M	198.66M	360.94M	122.49M	196.53M
Investing Cash Flow	-106.67M	-105.56M	-175.27M	-164.55M	-168.79M	-93.62M
Financing Cash Flow	-86.35M	-79.46M	-64.80M	-165.42M	-18.98M	-22.35M

Berry Petroleum Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BRY, the sentiment is Positive. The current price of 3.06 is above the 20-day moving average (MA) of 2.92, above the 50-day MA of 2.72, and below the 200-day MA of 3.81, indicating a neutral trend. The MACD of 0.06 indicates Positive momentum. The RSI at 57.42 is Neutral, neither overbought nor oversold. The STOCH value of 30.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BRY.

Berry Petroleum Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NC	75 Outperform	$313.78M	9.12	8.62%	2.40%	14.70%	―
BRY	70 Neutral	$237.44M	9.56	-5.66%	3.92%	-31.28%	-1265.13%
REI	69 Neutral	$167.45M	2.29	8.52%	―	-4.51%	-10.09%
FET	58 Neutral	$240.96M	―	-32.34%	―	7.31%	-326.94%
WTI	54 Neutral	$249.53M	―	203.83%	2.22%	-5.05%	-383.38%
Sector *	52 Neutral	C$2.91B	-0.93	-3.26%	6.13%	2.20%	-43.43%
TBN	39 Underperform	$246.67M	―	-10.70%	―	―	57.82%

Berry Petroleum Corporate Events

Berry Petroleum Updates Hedging Program and Liquidity

On April 23, 2025, Berry Corporation announced updates to its hedging program and liquidity position, highlighting its financial strength amidst market volatility. The company has increased its average hedged price for 2026 and 2027 by $6 per barrel and reported a liquidity position of $120 million as of March 31, 2025. Berry’s oil volumes are significantly hedged for the remainder of 2025 and into 2026, ensuring stable cash flow and continued debt reduction. Additionally, Berry’s executives will participate in upcoming investor conferences, further engaging with stakeholders.