| BRY Stock | | | USD 8.00 0.03 0.38% |
This module uses fundamental data of Berry Petroleum to approximate its Piotroski F score. Berry Petroleum F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Berry Petroleum Corp. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Berry Petroleum financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out
Berry Petroleum Altman Z Score,
Berry Petroleum Correlation,
Berry Petroleum Valuation, as well as analyze
Berry Petroleum Alpha and Beta and
Berry Petroleum Hype Analysis.
At this time, Berry Petroleum's
Long Term Debt is fairly stable compared to the past year.
Long Term Debt Total is likely to rise to about 415.1
M in 2024, whereas
Short and Long Term Debt is likely to drop slightly above 324
M in 2024. At this time, Berry Petroleum's
Interest Coverage is fairly stable compared to the past year.
Payout Ratio is likely to rise to 2.20 in 2024, whereas
Price To Sales Ratio is likely to drop 0.58 in 2024.
At this time, it appears that Berry Petroleum's Piotroski F Score is Poor. Although some professional money managers and academia have recently criticized
Piotroski F-Score model, we still consider it an effective method of
predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
4.0
Piotroski F Score - Poor
| Change in Return on Assets | |
| Cash Flow Return on Assets | |
| Current Quality of Earnings (accrual) | |
| Long Term Debt Over Assets Change | Higher Leverage| Focus | |
| Change In Outstending Shares | |
Berry Petroleum Piotroski F Score Drivers
The critical factor to consider when applying the Piotroski F Score to Berry Petroleum is to make sure Berry is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Berry Petroleum's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Berry Petroleum's financial numbers are properly reported.
Berry Petroleum Corp F Score Driver Matrix
One of the toughest challenges investors face today is learning how to quickly synthesize historical
financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Berry Petroleum's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Berry Petroleum in a much-optimized way.
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About Berry Petroleum Piotroski F Score
F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled
Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.
About Berry Petroleum Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Berry Petroleum Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Berry Petroleum using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at
the intrinsic value of Berry Petroleum Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing
financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our
fundamental analysis page.
Pair Trading with Berry Petroleum
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Berry Petroleum position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Berry Petroleum will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Berry Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Berry Petroleum when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Berry Petroleum - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Berry Petroleum Corp to buy it.
The correlation of Berry Petroleum is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Berry Petroleum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Berry Petroleum Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Berry Petroleum can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
When determining whether Berry Petroleum Corp
offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Berry Petroleum's
financial statements, including income statements, balance sheets, and cash flow statements, to assess its
financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Berry Petroleum Corp Stock.
Outlined below are crucial reports that will aid in making a well-informed decision on Berry Petroleum Corp Stock: Complementary Tools for Berry Stock analysis
When running Berry Petroleum's price analysis, check to
measure Berry Petroleum's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Berry Petroleum is operating at the current time. Most of Berry Petroleum's value examination focuses on studying past and present price action to
predict the probability of Berry Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Berry Petroleum's price. Additionally, you may evaluate how the addition of Berry Petroleum to your portfolios can decrease your overall portfolio volatility.
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Is Berry Petroleum's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost
the valuation of Berry Petroleum. If investors know Berry will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Berry Petroleum listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth | Dividend Share | Earnings Share | Revenue Per Share | Quarterly Revenue Growth |
The market value of Berry Petroleum Corp is measured differently than its book value, which is the value of Berry that is recorded on the company's balance sheet. Investors also form their own opinion of Berry Petroleum's value that differs from its market value or its book value, called intrinsic value, which is Berry Petroleum's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Berry Petroleum's market value can be influenced by many factors that don't directly affect Berry Petroleum's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Berry Petroleum's value and its price as these two are different measures arrived at by different means. Investors typically determine
if Berry Petroleum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Berry Petroleum's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.