Barnwell Industries (NYSE:BRN) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Barnwell Industries (NYSE:BRN) in a research report report published on Wednesday morning. The firm issued a hold rating on the stock.

Separately, TheStreet lowered shares of Barnwell Industries from a c rating to a d+ rating in a report on Thursday, March 14th.

Barnwell Industries Trading Down 2.0 %

Shares of Barnwell Industries stock opened at $2.75 on Wednesday. The stock’s fifty day moving average price is $2.42 and its 200-day moving average price is $2.45. The firm has a market cap of $27.61 million, a P/E ratio of -10.17 and a beta of 0.19. Barnwell Industries has a 12 month low of $2.06 and a 12 month high of $2.95.

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

Insider Buying and Selling

In related news, major shareholder Ned L. Sherwood bought 10,650 shares of the business’s stock in a transaction on Wednesday, April 17th. The shares were bought at an average price of $2.78 per share, for a total transaction of $29,607.00. Following the completion of the purchase, the insider now directly owns 2,617,827 shares of the company’s stock, valued at $7,277,559.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, major shareholder Ned L. Sherwood purchased 71,050 shares of the business’s stock in a transaction on Monday, April 15th. The shares were acquired at an average cost of $2.67 per share, with a total value of $189,703.50. Following the completion of the acquisition, the insider now owns 2,600,466 shares of the company’s stock, valued at $6,943,244.22. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Ned L. Sherwood purchased 10,650 shares of Barnwell Industries stock in a transaction dated Wednesday, April 17th. The shares were acquired at an average cost of $2.78 per share, for a total transaction of $29,607.00. Following the completion of the transaction, the insider now owns 2,617,827 shares of the company’s stock, valued at approximately $7,277,559.06. The disclosure for this purchase can be found here. Insiders purchased 92,822 shares of company stock worth $248,839 in the last three months. 17.60% of the stock is owned by 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.