Barnwell Industries (NYSE:BRN) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Barnwell Industries (NYSE:BRN) in a report published on Thursday. The firm issued a hold rating on the stock.

Separately, TheStreet cut shares of Barnwell Industries from a c rating to a d+ rating in a research note on Thursday, March 14th.

Barnwell Industries Stock Down 5.0 %

BRN stock opened at $2.67 on Thursday. The business has a 50 day moving average of $2.51 and a 200-day moving average of $2.47. The firm has a market cap of $26.86 million, a PE ratio of -9.89 and a beta of 0.15. Barnwell Industries has a 12-month low of $2.06 and a 12-month high of $2.99.

Barnwell Industries (NYSE:BRN) last announced its quarterly earnings data on Monday, February 12th. The company reported ($0.07) EPS for the quarter. Barnwell Industries had a negative return on equity of 14.70% and a negative net margin of 11.35%. The company had revenue of $6.16 million during the quarter.

Insider Transactions at Barnwell Industries

In other news, major shareholder Ned L. Sherwood purchased 17,048 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The shares were bought at an average price of $2.71 per share, for a total transaction of $46,200.08. Following the purchase, the insider now directly owns 2,687,025 shares in the company, valued at approximately $7,281,837.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Barnwell Industries news, major shareholder Ned L. Sherwood purchased 17,048 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was purchased at an average price of $2.71 per share, for a total transaction of $46,200.08. Following the completion of the purchase, the insider now directly owns 2,687,025 shares of the company’s stock, valued at $7,281,837.75. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Ned L. Sherwood purchased 71,050 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were bought at an average cost of $2.67 per share, for a total transaction of $189,703.50. Following the acquisition, the insider now owns 2,600,466 shares in the company, valued at $6,943,244.22. The disclosure for this purchase can be found here. Insiders have acquired 109,870 shares of company stock valued at $295,039 in the last three months. 17.60% of the stock is currently 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.