Initiates Coverage on Barnwell Industries (NYSE:BRN)

Equities researchers at started coverage on shares of Barnwell Industries (NYSE:BRNGet Rating) in a research note issued on Thursday. The brokerage set a “hold” rating on the stock.

Barnwell Industries Stock Performance

NYSE BRN opened at $2.65 on Thursday. Barnwell Industries has a 52-week low of $1.89 and a 52-week high of $3.33. The stock has a market cap of $26.39 million, a P/E ratio of 11.52 and a beta of 0.39.

Barnwell Industries Company Profile

(Get Rating)

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.

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