Berry Petroleum Corporation, an independent upstream energy company, engages in the development and production of conventional oil reserves located in the western United States.
Very undervalued average dividend payer.
Share Price & News
How has Berry Petroleum's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1P6's share price has been volatile over the past 3 months.
7 Day Return
DE Oil and Gas
1 Year Return
DE Oil and Gas
Return vs Industry: 1P6 underperformed the German Oil and Gas industry which returned 74.7% over the past year.
Return vs Market: 1P6 underperformed the German Market which returned 12.8% over the past year.
Price Volatility Vs. Market
How volatile is Berry Petroleum's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Berry Petroleum undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1P6 (€6.9) is trading below our estimate of fair value (€16.36)
Significantly Below Fair Value: 1P6 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 1P6 is good value based on its PE Ratio (3.3x) compared to the Oil and Gas industry average (10.7x).
PE vs Market: 1P6 is good value based on its PE Ratio (3.3x) compared to the German market (20.8x).
Price to Earnings Growth Ratio
PEG Ratio: 1P6 is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: 1P6 is good value based on its PB Ratio (0.6x) compared to the DE Oil and Gas industry average (1.4x).
How is Berry Petroleum forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1P6's forecast earnings growth (5.5% per year) is above the savings rate (-0.4%).
Earnings vs Market: 1P6's earnings (5.5% per year) are forecast to grow slower than the German market (13% per year).
High Growth Earnings: 1P6's earnings are forecast to grow, but not significantly.
Revenue vs Market: 1P6's revenue (5.5% per year) is forecast to grow faster than the German market (5.2% per year).
High Growth Revenue: 1P6's revenue (5.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1P6's Return on Equity is forecast to be low in 3 years time (10.9%).
How has Berry Petroleum performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1P6 has high quality earnings.
Growing Profit Margin: 1P6 became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: 1P6 has become profitable over the past 5 years, growing earnings by 36.4% per year.
Accelerating Growth: 1P6 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 1P6 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-5.1%).
Return on Equity
High ROE: 1P6's Return on Equity (18.3%) is considered low.
Return on Assets
Return on Capital Employed
How is Berry Petroleum's financial position?
Financial Position Analysis
Short Term Liabilities: 1P6's short term assets ($130.0M) do not cover its short term liabilities ($148.9M).
Long Term Liabilities: 1P6's short term assets ($130.0M) do not cover its long term liabilities ($619.3M).
Debt to Equity History and Analysis
Debt Level: 1P6's debt to equity ratio (40.3%) is considered high.
Reducing Debt: 1P6's debt to equity ratio has reduced from 76.4% to 40.3% over the past 5 years.
Inventory Level: 1P6 has a high level of physical assets or inventory.
Debt Coverage by Assets: 1P6's debt is not covered by short term assets (assets are 0.3x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 1P6 is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: 1P6 is profitable, therefore cash runway is not a concern.
What is Berry Petroleum's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 1P6's dividend (6.67%) is higher than the bottom 25% of dividend payers in the German market (1.31%).
High Dividend: 1P6's dividend (6.67%) is in the top 25% of dividend payers in the German market (3.63%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 1P6 has been paying a dividend for less than 10 years.
Growing Dividend: 1P6 has only been paying a dividend for 2 years, and since then payments have not increased.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (21.7%), 1P6's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 1P6's dividends in 3 years are forecast to be well covered by earnings (29.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Trem Smith (63yo)
Mr. Arthur T. Smith, also known as Trem, has been the President, Chief Executive Officer and Director at Berry Petroleum Company, LLC and Berry Petroleum Corporation since March 2017. Mr. Smith serves as C ...
CEO Compensation Analysis
Compensation vs Market: Trem's total compensation ($USD5.57M) is above average for companies of similar size in the German market ($USD802.74K).
Compensation vs Earnings: Trem's compensation has been consistent with company performance over the past year.
|Executive VP||2.8yrs||US$3.04m||0.23% $1.2m|
|Executive VP & COO||2.8yrs||US$2.71m||0.19% $1.0m|
|Chief Accounting Officer||2.3yrs||no data||0.016% $85.7k|
|Manager of Investor Relations||0yrs||no data||no data|
|Executive VP||0.08yrs||no data||no data|
|Executive Vice President of Business Development||2.8yrs||no data||no data|
|Executive Vice President of Corporate Affairs||0yrs||no data||0.0081% $43.6k|
Experienced Management: 1P6's management team is considered experienced (2.5 years average tenure).
|Executive VP||2.8yrs||US$3.04m||0.23% $1.2m|
|Independent Director||1yrs||no data||no data|
|Lead Independent Director||0.9yrs||US$133.74k||0.024% $131.1k|
|Independent Director||2.7yrs||US$276.45k||0.058% $308.9k|
|Independent Director||1.4yrs||US$133.74k||0.0079% $42.2k|
|Independent Director||3yrs||no data||no data|
Experienced Board: 1P6's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 1P6 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 83.2%.
Berry Petroleum Corporation's company bio, employee growth, exchange listings and data sources
- Name: Berry Petroleum Corporation
- Ticker: 1P6
- Exchange: DB
- Founded: 1909
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: US$583.181m
- Listing Market Cap: US$536.877m
- Shares outstanding: 81.00m
- Website: https://www.berrypetroleum.com
Number of Employees
- Berry Petroleum Corporation
- 16000 North Dallas Parkway
- Suite 500
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BRY||NasdaqGS (Nasdaq Global Select)||Yes||New Common Stock||US||USD||Jul 2017|
|1P6||DB (Deutsche Boerse AG)||Yes||New Common Stock||DE||EUR||Jul 2017|
Berry Petroleum Corporation, an independent upstream energy company, engages in the development and production of conventional oil reserves located in the western United States. The company’s properties are located in the San Joaquin and Ventura basins, California; Uinta basin, Utah; and Piceance basin, Colorado. As of December 31, 2018, it had a total of 3,743 net producing wells. The company was founded in 1909 and is headquartered in Dallas, Texas.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 00:31|
|End of Day Share Price||2020/02/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.