New Concept Energy (NYSE:GBR) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of New Concept Energy (NYSE:GBR) in a research report sent to investors on Tuesday. The brokerage issued a sell rating on the stock.

New Concept Energy Price Performance

Shares of New Concept Energy stock opened at $1.31 on Tuesday. The stock’s fifty day moving average is $1.08 and its 200-day moving average is $1.08. New Concept Energy has a 12-month low of $0.91 and a 12-month high of $1.67.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in New Concept Energy stock. PFG Investments LLC purchased a new stake in shares of New Concept Energy, Inc. (NYSE:GBR) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 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.