Berry Petroleum

0.15 (1.34%)

NASDAQ:BRY | Last traded on 11-15-2019 4:00 PM

Market Reaction

Offer Price

$14.00

Today Open Price

$11.25

Change Since IPO

Market Cap

$937M

Day High

$11.50

Day Low

$11.24

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Featured Analysis

Ouch. I have to say I do not do a good job with these types of energy companies. I am giving it a 3 out of 5 Hippos because at least it is making money. We need input from our users on this one. It seems to me that a business like this would have pretty choppy profits given the nature of the business.

Company Data

Location

Bakersfield, CA

Valuation

$1.1B

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Founded

1909

Total Shares Offered

81,336,762

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Employees

278

IPO Date

2018-07-26

Background Information

Berry Petroleum Corporation is a explorer, developer, and producer of petroleum, natural gas, and natural gas liquids in the Western United States. This upstream energy producer, founded over a century ago, has participated in many acquisitions, including acquiring Tannehill Oil in 2003 and being acquired by Linn Energy in 2013. In 2017, Linn Energy completed a financial restructuring which led to Berry Petroleum becoming its own separate company.

Financial Analysis

Years 2016 2017
Revenue growth -- 28%
Net profit margin -6.56%35.77%
Valuation -- $1.14B
Revenue multiple -- 2.8x
Profit multiple ---2.2x

Financial Information

Income Statement ($M) 2016 2017
Revenue411413
Cost of goods sold244221
Gross profit168192
Total operating expense1,560401
EBIT(1,149)12
Pretax profit(1,283)(521)
Net income(1,283)(524)
Balance Sheet ($M) 2016 2017
Total current assets98138
Cash and cash equivalents3034
Total assets2,6521,546
Total current liabilities969183
Total liabilities2,149687
Total shareholder equity503859
Total liabilities and equity2,6521,546
Cash Flow Statement ($M) 20162017
Net cash from operating activities 13130
Net cash from investing activities (35)(84)
Net cash from financing activities (2)(206)
Net increase in cash and cash equivalents (23)(160)