Berry Petroleum Company, LLC, an independent energy company, engages in the acquisition, development, and production of conventional oil and natural gas reserves in the western United States. It holds interests in various petroleum assets that cover 119,290 net acres located in California, Utah, Colorado, and Texas. The company was founded in 1909 and is based in Bakersfield, California. Berry Petroleum Company, LLC operates as a subsidiary of Berry Petroleum Corporation.
BRY Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Berry Corp (bry) with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Berry Corp (bry) ranked in the 2th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. In terms of the factors that were most noteworthy in this DCF analysis for BRY, they are:
Its compound free cash flow growth rate, as measured over the past 0.75 years, is -0.53% -- higher than only 1.44% of stocks in our DCF forecasting set.
As a business, Berry Corp (bry) experienced a tax rate of about 117% over the past twelve months; relative to its sector (Energy), this tax rate is higher than 97.86% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of Berry Corp (bry)? See DVN, EXTN, SM, SNP, and CCLP.
Thank you for joining us for Berry's first quarter earnings teleconference. Yesterday afternoon, Berry issued an earnings release with our 2020 first quarter results and highlighting our current and planned response to the financial and operating uncertainties caused by COVID-19 and the oil price environment. Addressing these and other issues this morning will be Trem Smith, Board Chair and CEO; Gary Grove, Chief Operating Officer and Executive Vice President; and Cary Baetz, Chief Financial Officer and Executive Vice President.