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

Posted by Thomas Dobrow on May 2nd, 2024

StockNews.com began coverage on shares of New Concept Energy (NYSE:GBR – Free Report) in a research note released on Wednesday morning. The brokerage issued a sell rating on the stock.

New Concept Energy Trading Down 1.7 %

Shares of NYSE GBR opened at $1.18 on Wednesday. New Concept Energy has a 12 month low of $0.91 and a 12 month high of $1.67. The stock has a 50 day moving average of $1.11 and a 200-day moving average of $1.08.

New Concept Energy (NYSE:GBR – Get Free Report) last released its quarterly earnings data on Monday, April 1st. The company reported ($0.04) EPS for the quarter. The company 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%.

Hedge Funds Weigh In On New Concept Energy

An institutional investor recently bought a new position in New Concept Energy stock. PFG Investments LLC acquired a new stake in New Concept Energy, Inc. (NYSE:GBR – Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 90,200 shares of the company’s stock, valued at approximately $95,000.

New Concept Energy Company Profile

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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.