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

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

Barnwell Industries Trading Down 4.1 %

Barnwell Industries stock opened at $1.62 on Wednesday. The business’s 50 day simple moving average is $1.69 and its 200 day simple moving average is $1.80. Barnwell Industries has a 12 month low of $1.27 and a 12 month high of $3.20. The company has a market cap of $16.29 million, a price-to-earnings ratio of -2.38 and a beta of -0.18.

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.