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

Research analysts at StockNews.com assumed coverage on shares of Barnwell Industries (NYSE:BRN) in a research note issued on Saturday. The brokerage set a “hold” rating on the stock.

Barnwell Industries Stock Down 2.4 %

NYSE:BRN opened at $1.65 on Friday. The company has a fifty day simple moving average of $1.67 and a two-hundred day simple moving average of $1.92. The company has a market cap of $16.58 million, a price-to-earnings ratio of -2.43 and a beta of 0.02. Barnwell Industries has a 52 week low of $1.31 and a 52 week high of $3.20.

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.