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Barnwell
(BRN)
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Rating:48Neutral
Price Target:
$0.95
▼(-3.37% Downside)
Action:Reiterated
Date:10/07/26
BRN scores low primarily due to materially weakened financial performance—sharp revenue contraction, heavy net losses, and renewed cash burn in the latest TTM period. Technicals add a modest headwind with the stock trading below key moving averages and slightly negative MACD. Offsetting these negatives, corporate actions (asset divestitures and pension plan termination) appear to improve flexibility and reduce legacy obligations, but they do not fully offset current operating losses; valuation is also constrained by negative earnings and no provided dividend yield.
Positive Factors
Very low leverage
Barnwell’s minimal debt burden reduces solvency and refinancing pressure while preserving financial flexibility. Although losses have eroded equity, the low leverage profile leaves the company less exposed to interest costs and gives management more room to allocate proceeds toward strategic priorities.
Negative Factors
Sharp revenue and profit deterioration
The sustained decline in revenue and near-breakeven gross margin indicate materially weaker operating economics than in prior profitable periods. A large net loss reduces internally generated capital, can erode the equity base and limits Barnwell’s ability to fund growth without relying on asset proceeds.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Barnwell’s minimal debt burden reduces solvency and refinancing pressure while preserving financial flexibility. Although losses have eroded equity, the low leverage profile leaves the company less exposed to interest costs and gives management more room to allocate proceeds toward strategic priorities.
Read all positive factors
Barnwell Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breaks down sales across the company’s business units, revealing which parts drive profits and which are most exposed to operational issues or market downturns. Reveals concentration risk, differences in margins between segments, and where management is allocating capital for growth.
Breaks down sales across the company’s business units, revealing which parts drive profits and which are most exposed to operational issues or market downturns. Reveals concentration risk, differences in margins between segments, and where management is allocating capital for growth.
Data provided by:
The Fly
The FlyBarnwell (BRN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$14.08M
Dividend Yield2.44%
Average Volume (3M)374.23K
Price to Earnings (P/E)―
Beta (1Y)-0.45
Revenue Growth-25.24%
EPS Growth25.19%
CountryUS
Employees17
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.49
Shares Outstanding14,434,310
10 Day Avg. Volume1,033,462
30 Day Avg. Volume374,231
Financial Highlights & Ratios
PEG Ratio-0.08
Price to Book (P/B)1.87
Price to Sales (P/S)0.95
P/FCF Ratio-2.65
Enterprise Value/Market Cap0.72
Enterprise Value/Revenue0.87
Enterprise Value/Gross Profit6.69
Enterprise Value/Ebitda-2.78
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Barnwell Business Overview & Revenue Model
Company Description
Barnwell Industries, Inc., established in 1956 and based in Honolulu, Hawaii, is a diversified company operating across three distinct business areas: oil and natural gas, land investment, and contract drilling. The company's energy operations inv...
How the Company Makes Money
Barnwell primarily makes money through (1) oil and natural gas operations and (2) land operations. In its oil and natural gas segment, revenue is generated from selling produced hydrocarbons (crude oil and natural gas) into the market; cash flow i...
Barnwell Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.66M | 13.70M | 21.72M | 25.04M | 27.09M | 16.16M |
| Gross Profit | 1.51M | 1.58M | 2.29M | 4.48M | 10.28M | 3.09M |
| EBITDA | -3.63M | -3.90M | -10.00K | 3.60M | 7.84M | 6.56M |
| Net Income | -5.45M | -6.91M | -5.57M | -961.00K | 5.51M | 6.25M |
Balance Sheet | ||||||
| Total Assets | 21.49M | 20.81M | 30.67M | 35.42M | 37.22M | 24.43M |
| Cash, Cash Equivalents and Short-Term Investments | 4.47M | 2.89M | 4.50M | 2.83M | 12.80M | 11.28M |
| Total Debt | 53.00K | 264.00K | 7.00K | 47.00K | 266.00K | 344.00K |
| Total Liabilities | 12.55M | 13.79M | 17.61M | 16.66M | 18.05M | 14.93M |
| Stockholders Equity | 8.87M | 7.01M | 13.04M | 18.74M | 19.14M | 9.50M |
Cash Flow | ||||||
| Free Cash Flow | -3.76M | -4.94M | 1.18M | -9.69M | -2.93M | -1.10M |
| Operating Cash Flow | -3.64M | -1.87M | 4.71M | 1.94M | 7.29M | 831.00K |
| Investing Cash Flow | 2.75M | 773.00K | -2.83M | -11.18M | -7.11M | 3.69M |
| Financing Cash Flow | 4.24M | -418.00K | -226.00K | -786.00K | 1.56M | 2.19M |
Barnwell Technical Analysis
Neutral
0.98
Price Trends
0.98
Positive
1.01
Negative
1.06
Negative
Market Momentum
>-0.01
Negative
52.16
Neutral
70.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BRN, the sentiment is Neutral. The current price of 0.98 is above the 20-day moving average (MA) of 0.97, above the 50-day MA of 0.98, and below the 200-day MA of 1.06, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 52.16 is Neutral, neither overbought nor oversold. The STOCH value of 70.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for BRN.
Barnwell Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $21.07M | 13.47 | 7.95% | 0.97% | -9.59% | -5.69% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
51 Neutral | $57.85M | -0.20 | -29.92% | ― | -12.20% | -140.47% | |
48 Neutral | $14.08M | -1.99 | -67.70% | 2.44% | -25.24% | 25.19% | |
43 Neutral | $2.28M | ― | -207.59% | ― | -27.81% | -139.21% |
* Energy Sector Average
BRN
Barnwell
0.98
-0.34
-25.57%
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10.30
1.39
15.64%
MTR
Mesa Royalty
2.07
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-57.29%
VIVK
Vivakor
3.80
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-99.97%
BATL
Battalion Oil
1.01
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TPET
Trio Petroleum Corp.
1.62
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-83.10%
Barnwell Corporate Events
Business Operations and StrategyM&A Transactions
Barnwell Streamlines Operations With Canadian Asset Divestiture
Positive
Oct 6, 2026
On October 5, 2026, Barnwell Industries entered into an agreement to sell its Canadian oil and natural gas business to 2798913 Alberta Ltd. for a base purchase price of C$9 million, subject to working capital and debt adjustments. The consideratio...
Business Operations and StrategyFinancial Disclosures
Barnwell Announces Termination of Defined Benefit Pension Plan
Positive
Oct 5, 2026
On September 30, 2026, Barnwell’s Board of Directors approved the termination of the company’s qualified defined benefit pension plan, with an effective date on or about November 30, 2026, and publicly announced the move in a press rel...
Business Operations and StrategyM&A Transactions
Barnwell Exits Hawaii Real Estate Through Asset Divestiture
Positive
Sep 16, 2026
On September 15, 2026, Barnwell Industries completed the sale of its remaining Hawaii development interests and related project rights, receiving a gross purchase price of about $1.77 million. After minority interest adjustments and pre-closing di...
Business Operations and StrategyM&A Transactions
Barnwell exits Hawaii real estate, refocuses on energy
Positive
Aug 4, 2026
Barnwell Hawaiian Properties, a subsidiary of Barnwell Industries, and Ka‘upulehu Developments agreed on July 31, 2026 to sell their remaining Hawaii development interests and related project rights to buyer David Johnston for $1.77 million ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.