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:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Berry Corp (bry). To summarize, we found that Berry Corp (bry) ranked in the 83th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. As for the metrics that stood out in our discounted cash flow analysis of Berry Corp (bry), consider:
41% of the company's capital comes from equity, which is greater than merely 17.36% of stocks in our cash flow based forecasting set.
Berry Corp (bry)'s interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -6.69. This coverage rate is greater than that of merely 10.75% of stocks we're observing for the purpose of forecasting via discounted cash flows.
As a business, Berry Corp (bry) experienced a tax rate of about 19% over the past twelve months; relative to its sector (Energy), this tax rate is higher than 82.14% 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 CHX, NBR, SD, GEL, and SM.
Shareholder rights law firm Robbins LLP informs shareholders that it is investigating Berry Corporation (NYSE: BRY) for potential material misstatements and violations of federal securities laws pursuant to its July 2018 initial public offering ("IPO"). On July 30, 2018, Berry completed its IPO offering shares at $14 per share and raising $112 million in net proceeds. Since its IPO, Berry's stock has precipitously declined and by June 29, 2020, shares of Berry closed at only $4.76 per share, representing a staggering decline of approximately 66% from its IPO share price.