Barnwell Industries (NYSE:BRN) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Barnwell Industries (NYSE:BRN – Get Rating) in a research report issued on Monday. The brokerage set a “hold” rating on the stock.

Barnwell Industries Stock Performance

Shares of BRN stock opened at $2.67 on Monday. Barnwell Industries has a fifty-two week low of $2.12 and a fifty-two week high of $6.38. The firm has a market capitalization of $26.59 million, a price-to-earnings ratio of 4.77 and a beta of 0.54. The stock’s 50-day simple moving average is $2.97 and its 200-day simple moving average is $2.87.

Barnwell Industries Company Profile

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Barnwell Industries, Inc engages in the oil and natural gas exploration, land investment, and contract drilling services. It operates through the following segments: Oil & Natural Gas, Land Investment, and Contract Drilling. The Oil & Natural Gas segment engages in the exploration, development, production and sale of oil and natural gas in Canada.