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

StockNews.com started coverage on shares of Barnwell Industries (NYSE:BRN) in a research report report published on Tuesday. The firm issued a hold rating on the stock.

Separately, TheStreet lowered shares of Barnwell Industries from a c rating to a d+ rating in a report on Thursday, March 14th.

Barnwell Industries Price Performance

NYSE:BRN opened at $2.73 on Tuesday. The firm has a market capitalization of $27.46 million, a price-to-earnings ratio of -10.11 and a beta of 0.19. The company’s 50-day moving average is $2.36 and its two-hundred day moving average is $2.44. Barnwell Industries has a 1-year low of $2.06 and a 1-year high of $2.90.

Barnwell Industries (NYSE:BRN) last posted its earnings results on Monday, February 12th. The company reported ($0.07) earnings per share for the quarter. The firm had revenue of $6.16 million during the quarter. Barnwell Industries had a negative net margin of 11.35% and a negative return on equity of 14.70%.

Hedge Funds Weigh In On Barnwell Industries

Several large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC lifted its holdings in Barnwell Industries by 15.0% during the 1st quarter. Renaissance Technologies LLC now owns 637,622 shares of the company’s stock worth $1,639,000 after buying an additional 83,286 shares in the last quarter. Stilwell Value LLC acquired a new stake in Barnwell Industries during the 1st quarter worth approximately $220,000. Dimensional Fund Advisors LP lifted its holdings in Barnwell Industries by 7.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 62,447 shares of the company’s stock worth $152,000 after buying an additional 4,591 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Barnwell Industries by 145.1% during the 1st quarter. Acadian Asset Management LLC now owns 40,745 shares of the company’s stock worth $104,000 after buying an additional 24,118 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in Barnwell Industries during the 1st quarter worth approximately $75,000. 40.71% of the stock is currently owned by institutional investors and hedge funds.

Barnwell Industries Company Profile

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