Barnwell Industries (NYSE:BRN) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Barnwell Industries (NYSE:BRN) in a report released on Thursday morning. The firm issued a hold rating on the stock.

Separately, TheStreet downgraded shares of Barnwell Industries from a b- rating to a c rating in a research report on Monday, September 11th.

Barnwell Industries Stock Performance

Shares of NYSE:BRN opened at $2.61 on Thursday. The company has a market capitalization of $26.07 million, a PE ratio of -29.00 and a beta of 0.36. Barnwell Industries has a twelve month low of $1.89 and a twelve month high of $3.20. The firm has a 50 day simple moving average of $2.58 and a 200-day simple moving average of $2.59.

Insider Transactions at Barnwell Industries

In other Barnwell Industries news, major shareholder Ned L. Sherwood purchased 14,890 shares of Barnwell Industries stock in a transaction that occurred on Tuesday, November 14th. The stock was purchased at an average price of $2.62 per share, for a total transaction of $39,011.80. Following the transaction, the insider now directly owns 2,484,542 shares in the company, valued at $6,509,500.04. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Barnwell Industries news, major shareholder Ned L. Sherwood purchased 14,890 shares of Barnwell Industries stock in a transaction that occurred on Tuesday, November 14th. The stock was purchased at an average price of $2.62 per share, for a total transaction of $39,011.80. Following the transaction, the insider now directly owns 2,484,542 shares in the company, valued at $6,509,500.04. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Ned L. Sherwood purchased 21,151 shares of Barnwell Industries stock in a transaction that occurred on Friday, September 8th. The stock was acquired at an average price of $2.70 per share, with a total value of $57,107.70. Following the transaction, the insider now owns 2,395,647 shares in the company, valued at $6,468,246.90. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 194,960 shares of company stock worth $509,411. 16.30% of the stock is currently owned by insiders.

Institutional Trading of Barnwell Industries

Several institutional investors and hedge funds have recently bought and sold shares of BRN. Renaissance Technologies LLC increased its stake in Barnwell Industries by 15.0% in the 1st quarter. Renaissance Technologies LLC now owns 637,622 shares of the company’s stock valued at $1,639,000 after buying an additional 83,286 shares during the period. Stilwell Value LLC acquired a new position in Barnwell Industries in the 1st quarter valued at $220,000. Dimensional Fund Advisors LP increased its stake in Barnwell Industries by 7.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 57,848 shares of the company’s stock valued at $127,000 after buying an additional 4,144 shares during the period. Acadian Asset Management LLC increased its stake in Barnwell Industries by 145.1% in the 1st quarter. Acadian Asset Management LLC now owns 40,745 shares of the company’s stock valued at $104,000 after buying an additional 24,118 shares during the period. Finally, Susquehanna International Group LLP acquired a new position in Barnwell Industries in the 1st quarter valued at $75,000. Hedge funds and other institutional investors own 9.38% of the company’s stock.

About Barnwell Industries

Barnwell Industries, Inc acquires, develops, produces, and sells oil and natural gas in Canada. It operates through three segments: Oil and Natural Gas, Land Investment, and Contract Drilling. The company acquires and develops crude oil and natural gas assets in the province of Alberta; and invests in land interests in Hawaii.