Barnwell Industries (NYSEAMERICAN:BRN) Stock Passes Above Fifty Day Moving Average of $0.00

Shares of Barnwell Industries, Inc. (NYSEAMERICAN:BRNGet Rating) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $0.00 and traded as high as $3.12. Barnwell Industries shares last traded at $3.05, with a volume of 43,560 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, TheStreet raised shares of Barnwell Industries from a “c+” rating to a “b-” rating in a research report on Tuesday, August 30th.

Barnwell Industries Trading Down 7.6 %

The firm has a market cap of $27.98 million, a PE ratio of 3.90 and a beta of 0.60.

Barnwell Industries (NYSEAMERICAN:BRNGet Rating) last announced its earnings results on Friday, August 12th. The energy company reported $0.25 earnings per share (EPS) for the quarter. Barnwell Industries had a net margin of 34.52% and a return on equity of 244.31%. The company had revenue of $8.03 million during the quarter.

Barnwell Industries Announces Dividend

The company also recently declared a — dividend, which was paid on Tuesday, September 6th. Investors of record on Tuesday, August 23rd were given a dividend of $0.015 per share. The ex-dividend date of this dividend was Monday, August 22nd. Barnwell Industries’s dividend payout ratio is presently 8.33%.

Insiders Place Their Bets

In other news, major shareholder Ned L. Sherwood acquired 61,366 shares of Barnwell Industries stock in a transaction that occurred on Monday, August 15th. The stock was bought at an average price of $2.91 per share, for a total transaction of $178,575.06. Following the completion of the transaction, the insider now owns 1,643,932 shares in the company, valued at $4,783,842.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have purchased 75,590 shares of company stock valued at $220,580. 13.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC purchased a new stake in shares of Barnwell Industries during the fourth quarter valued at about $48,000. Dimensional Fund Advisors LP acquired a new stake in shares of Barnwell Industries during the first quarter worth $78,000. Finally, Renaissance Technologies LLC lifted its position in Barnwell Industries by 15.0% during the first quarter. Renaissance Technologies LLC now owns 637,622 shares of the energy company’s stock valued at $1,639,000 after purchasing an additional 83,286 shares during the period. Institutional investors own 8.56% of the company’s stock.

Barnwell Industries Company Profile

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Barnwell Industries, Inc acquires, develops, produces, and sells oil and natural gas in Canada. It operates through three segments: Oil and Natural Gas, Land Investment, and Contract Drilling. The company acquires and develops crude and natural gas assets in the province of Alberta; and invests in land interests in Hawaii.

Further Reading

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