Equities research analysts at StockNews.com initiated coverage on shares of Barnwell Industries (NYSE:BRN – Get Free Report) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the stock.
Separately, TheStreet cut Barnwell Industries from a “c” rating to a “d+” rating in a research note on Thursday, March 14th.
View Our Latest Stock Analysis on Barnwell Industries
Barnwell Industries Stock Performance
Barnwell Industries (NYSE:BRN – Get Free Report) last issued its quarterly earnings results on Monday, February 12th. The company reported ($0.07) EPS for the quarter. The business had revenue of $6.16 million for the quarter. Barnwell Industries had a negative net margin of 11.35% and a negative return on equity of 14.70%.
Insider Buying and Selling
In other Barnwell Industries news, major shareholder Ned L. Sherwood acquired 10,650 shares of Barnwell Industries stock in a transaction that occurred on Wednesday, April 17th. The stock was purchased at an average cost of $2.78 per share, with a total value of $29,607.00. Following the purchase, the insider now owns 2,617,827 shares in the company, valued at $7,277,559.06. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, major shareholder Ned L. Sherwood purchased 10,650 shares of the business’s stock in a transaction dated Wednesday, April 17th. The stock was bought at an average cost of $2.78 per share, with a total value of $29,607.00. Following the purchase, the insider now directly owns 2,617,827 shares of the company’s stock, valued at $7,277,559.06. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Ned L. Sherwood acquired 71,050 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was bought at an average cost of $2.67 per share, for a total transaction of $189,703.50. Following the completion of the purchase, the insider now directly owns 2,600,466 shares in the company, valued at approximately $6,943,244.22. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 92,822 shares of company stock valued at $248,839. Corporate insiders own 17.60% of the company’s stock.
About Barnwell Industries
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.
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