New Concept Energy (NYSE:GBR) Now Covered by Analysts at began coverage on shares of New Concept Energy (NYSE:GBRFree Report) in a research note published on Sunday morning. The firm issued a sell rating on the stock.

New Concept Energy Price Performance

Shares of NYSE GBR opened at $1.07 on Friday. The company has a market cap of $5.46 million, a price-to-earnings ratio of 53.25 and a beta of 0.40. The stock’s 50-day moving average is $1.02 and its two-hundred day moving average is $1.09. New Concept Energy has a 1-year low of $0.91 and a 1-year high of $1.45.

New Concept Energy (NYSE:GBRGet Free Report) last released its earnings results on Thursday, November 9th. The company reported $0.01 earnings per share for the quarter. New Concept Energy had a net margin of 16.86% and a return on equity of 0.63%. The firm had revenue of $0.04 million for the quarter.

Institutional Trading of New Concept Energy

Several institutional investors have recently modified their holdings of GBR. Millennium Management LLC raised its stake in New Concept Energy by 129.4% during the 4th quarter. Millennium Management LLC now owns 24,068 shares of the company’s stock worth $26,000 after acquiring an additional 13,576 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of New Concept Energy during the second quarter worth about $30,000. Finally, Virtu Financial LLC purchased a new stake in shares of New Concept Energy in the 1st quarter valued at about $95,000.

About New Concept Energy

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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.

Further Reading

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