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

StockNews.com initiated coverage on shares of Barnwell Industries (NYSE:BRN) in a report issued on Thursday. 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 research note on Thursday, March 14th.

Barnwell Industries Stock Performance

NYSE BRN opened at $2.35 on Thursday. Barnwell Industries has a twelve month low of $2.06 and a twelve month high of $3.20. The stock has a market cap of $23.57 million, a price-to-earnings ratio of -7.12 and a beta of 0.11. The firm’s 50 day moving average price is $2.70 and its two-hundred day moving average price is $2.51.

Barnwell Industries (NYSE:BRN) last issued its earnings results on Tuesday, May 14th. The company reported ($0.18) earnings per share (EPS) for the quarter. The company had revenue of $5.77 million for the quarter. Barnwell Industries had a negative net margin of 13.29% and a negative return on equity of 18.20%.

Insider Activity at Barnwell Industries

In other news, major shareholder Ned L. Sherwood acquired 24,011 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were purchased at an average cost of $2.89 per share, with a total value of $69,391.79. Following the completion of the purchase, the insider now owns 2,767,995 shares of the company’s stock, valued at $7,999,505.55. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Ned L. Sherwood bought 10,650 shares of Barnwell Industries stock in a transaction dated Wednesday, April 17th. The shares were bought 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 $7,277,559.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Ned L. Sherwood bought 24,011 shares of Barnwell Industries stock in a transaction dated Friday, May 31st. The shares were bought at an average price of $2.89 per share, for a total transaction of $69,391.79. Following the completion of the transaction, the insider now directly owns 2,767,995 shares of the company’s stock, valued at approximately $7,999,505.55. The disclosure for this purchase can be found here. Insiders have acquired a total of 161,140 shares of company stock valued at $442,854 over the last quarter. 17.60% of the stock is owned by company 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.