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 note issued to investors on Tuesday morning. The brokerage issued a sell rating on the stock.

New Concept Energy Price Performance

NYSE GBR opened at $1.31 on Tuesday. The stock has a fifty day moving average of $1.08 and a 200-day moving average of $1.08. New Concept Energy has a 52 week low of $0.91 and a 52 week high of $1.67.

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

Institutional Investors Weigh In On New Concept Energy

A hedge fund recently bought a new stake in New Concept Energy stock. PFG Investments LLC acquired a new position in shares of New Concept Energy, Inc. (NYSE:GBR) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 90,200 shares of the company’s stock, valued at approximately $95,000.

About New Concept Energy

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.