Barnwell Industries (NYSE:BRN) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Barnwell Industries (NYSE:BRN) in a report released on Friday. The brokerage set a “hold” rating on the stock.

Barnwell Industries Stock Down 0.6 %

Shares of NYSE BRN opened at $1.76 on Friday. Barnwell Industries has a 52-week low of $1.31 and a 52-week high of $3.20. The firm’s 50-day moving average price is $1.67 and its two-hundred day moving average price is $1.95. The stock has a market capitalization of $17.69 million, a P/E ratio of -3.14 and a beta of 0.02.

About Barnwell Industries

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.