StockNews.com Initiates Coverage on Barnwell Industries (NYSE:BRN)

Equities researchers at StockNews.com started coverage on shares of Barnwell Industries (NYSE:BRN – Get 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

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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.