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

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

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

Barnwell Industries Price Performance

Shares of NYSE:BRN opened at $2.76 on Friday. Barnwell Industries has a 52-week low of $2.06 and a 52-week high of $3.20. The stock has a market cap of $27.68 million, a price-to-earnings ratio of -8.36 and a beta of 0.15. The business has a 50-day moving average price of $2.66 and a 200-day moving average price of $2.49.

Barnwell Industries (NYSE:BRN) last announced its quarterly earnings data on Tuesday, May 14th. The company reported ($0.18) earnings per share (EPS) for the quarter. Barnwell Industries had a negative return on equity of 18.20% and a negative net margin of 13.29%. The firm had revenue of $5.77 million during the quarter.

Insider Activity at Barnwell Industries

In related news, major shareholder Ned L. Sherwood purchased 71,050 shares of Barnwell Industries stock in a transaction that occurred on Monday, April 15th. The stock was bought 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 owns 2,600,466 shares in the company, valued at $6,943,244.22. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Ned L. Sherwood purchased 17,048 shares of Barnwell Industries stock in a transaction that occurred on Wednesday, April 24th. The stock was bought 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 owns 2,687,025 shares in the company, valued at $7,281,837.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Ned L. Sherwood acquired 71,050 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was acquired 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 directly 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 purchased 137,335 shares of company stock worth $372,182. 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.