New Concept Energy (NYSE:GBR) Coverage Initiated at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of New Concept Energy (NYSE:GBR) in a research note issued on Thursday. The firm set a “sell” rating on the stock.

New Concept Energy Price Performance

Shares of NYSE:GBR opened at $1.27 on Thursday. New Concept Energy has a 1 year low of $0.91 and a 1 year high of $1.67. The firm’s 50-day moving average is $1.14 and its two-hundred day moving average is $1.08. The firm has a market capitalization of $6.52 million, a PE ratio of -42.33 and a beta of 0.38.

New Concept Energy (NYSE:GBR) last issued its earnings results on Monday, April 1st. The company reported ($0.04) earnings per share for the quarter. The firm had revenue of $0.04 million during the quarter. New Concept Energy had a negative net margin of 13.82% and a negative return on equity of 0.46%.

Hedge Funds Weigh In On New Concept Energy

An institutional investor recently bought a new position in New Concept Energy stock. PFG Investments LLC bought a new stake in New Concept Energy, Inc. (NYSE:GBR) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 90,200 shares of the company’s stock, valued at approximately $95,000.

New Concept Energy Company Profile

New Concept Energy, Inc engages in real estate rental business. The company owns approximately 190 acres of land located in Parkersburg West Virginia. It also provides advisory and management services for an independent oil and gas company. The company was formerly known as CabelTel International Corporation and changed its name to New Concept Energy, Inc in May 2008.