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California Reforms And Utah Projects Will Unlock Drilling Opportunities

Published
09 Feb 25
Updated
17 Sep 25
AnalystConsensusTarget's Fair Value
US$3.84
4.2% undervalued intrinsic discount
17 Sep
US$3.68
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1Y
-32.1%
7D
-0.5%

Author's Valuation

US$3.844.2% undervalued intrinsic discount

AnalystConsensusTarget Fair Value

Shared on17 Sep 25
Fair value Decreased 14%

Analyst price targets for Berry have been revised down from $4.44 to $3.84 as initial optimism over cost synergies and operational alignment from the California Resources acquisition is tempered by concerns over deal valuation and the diminished standalone upside for Berry. Analyst Commentary Bullish analysts highlight that the announced acquisition of Berry by California Resources is strategically logical given the asset overlap and adjacency in California, supporting operational integration.

Shared on01 May 25
Fair value Decreased 3.27%

Shared on23 Apr 25

AnalystConsensusTarget has increased revenue growth from -8.1% to -5.3%.

Shared on17 Apr 25
Fair value Decreased 9.47%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on09 Apr 25
Fair value Increased 5.63%

AnalystConsensusTarget has increased revenue growth from -11.7% to -8.1% and decreased profit margin from 8.5% to 7.2%.

Shared on02 Apr 25
Fair value Decreased 19%

Shared on26 Mar 25
Fair value Decreased 3.28%

AnalystConsensusTarget has increased revenue growth from -7.6% to -11.7% and increased future PE multiple from 11.3x to 13.8x.

Shared on19 Mar 25
Fair value Increased 0.83%

AnalystConsensusTarget has increased profit margin from 4.7% to 9.3% and decreased future PE multiple from 21.7x to 11.3x.

Shared on12 Mar 25
Fair value Increased 31%

AnalystConsensusTarget has increased discount rate from 9.9% to 10.9%.