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

StockNews.com started coverage on shares of Barnwell Industries (NYSE:BRN) in a research note issued to investors on Sunday. The firm set a “hold” rating on the stock.

Barnwell Industries Stock Performance

Shares of NYSE BRN opened at $2.20 on Friday. The company has a 50-day moving average of $2.30 and a 200 day moving average of $2.48. Barnwell Industries has a 12-month low of $2.06 and a 12-month high of $3.20. The stock has a market cap of $22.06 million, a PE ratio of -6.67 and a beta of 0.09.

Barnwell Industries (NYSE:BRN) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.12) EPS for the quarter. Barnwell Industries had a negative return on equity of 22.12% and a negative net margin of 15.55%. The company had revenue of $5.53 million during the quarter.

Institutional Investors Weigh In On Barnwell Industries

An institutional investor recently raised its position in Barnwell Industries stock. Renaissance Technologies LLC grew its position in Barnwell Industries, Inc. (NYSE:BRN) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 355,534 shares of the company’s stock after purchasing an additional 6,612 shares during the quarter. Renaissance Technologies LLC owned approximately 3.55% of Barnwell Industries worth $836,000 at the end of the most recent reporting period. 40.71% of the stock is owned by institutional investors and hedge funds.

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.