Ned L. Sherwood Acquires 5,011 Shares of Barnwell Industries, Inc. (NYSE:BRN) Stock

Barnwell Industries, Inc. (NYSE:BRN) major shareholder Ned L. Sherwood bought 5,011 shares of the stock in a transaction dated Friday, April 19th. The shares were purchased at an average price of $2.80 per share, with a total value of $14,030.80. Following the completion of the transaction, the insider now directly owns 2,667,277 shares in the company, valued at approximately $7,468,375.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Barnwell Industries Stock Down 4.1 %

Shares of BRN opened at $2.80 on Wednesday. The company has a market cap of $28.17 million, a PE ratio of -10.37 and a beta of 0.19. The business has a fifty day moving average of $2.41 and a 200 day moving average of $2.45. Barnwell Industries, Inc. has a 52-week low of $2.06 and a 52-week high of $2.95.

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

Analysts Set New Price Targets

BRN has been the subject of a number of research reports. TheStreet downgraded Barnwell Industries from a “c” rating to a “d+” rating in a research report on Thursday, March 14th. StockNews.com initiated coverage on Barnwell Industries in a research report on Wednesday. They set a “hold” rating for the company.

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.