Barnwell Industries (NYSE:BRN) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Barnwell Industries (NYSE:BRN) in a report released on Thursday. The brokerage set a “hold” rating on the stock.

Separately, TheStreet lowered Barnwell Industries from a “c” rating to a “d+” rating in a research note on Thursday, March 14th.

Barnwell Industries Stock Performance

Shares of NYSE BRN opened at $2.67 on Thursday. The stock has a market cap of $26.86 million, a PE ratio of -9.89 and a beta of 0.15. The business has a fifty day moving average of $2.51 and a two-hundred day moving average of $2.47. Barnwell Industries has a 52-week low of $2.06 and a 52-week high of $2.99.

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

Insider Activity

In other news, major shareholder Ned L. Sherwood acquired 71,050 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was purchased at an average cost of $2.67 per share, for a total transaction of $189,703.50. Following the completion of the transaction, the insider now directly owns 2,600,466 shares in the company, valued at $6,943,244.22. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, major shareholder Ned L. Sherwood acquired 17,048 shares of the stock in a transaction that occurred on Wednesday, April 24th. The stock was purchased at an average cost of $2.71 per share, for a total transaction of $46,200.08. Following the completion of the transaction, the insider now directly owns 2,687,025 shares in the company, valued at $7,281,837.75. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Ned L. Sherwood acquired 71,050 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was purchased at an average price of $2.67 per share, with a total value of $189,703.50. Following the completion of the transaction, the insider now owns 2,600,466 shares of the company’s stock, valued at $6,943,244.22. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 109,870 shares of company stock worth $295,039. 17.60% of the stock is owned by corporate insiders.

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.