StockNews.com assumed coverage on shares of Barnwell Industries (NYSE:BRN – Free Report) in a report issued on Tuesday. The brokerage issued a hold rating on the stock.
Barnwell Industries Price Performance
Shares of BRN stock traded down $0.16 during trading hours on Tuesday, reaching $2.31. 3,459 shares of the company were exchanged, compared to its average volume of 14,377. Barnwell Industries has a fifty-two week low of $2.06 and a fifty-two week high of $3.20. The stock’s fifty day moving average is $2.40 and its two-hundred day moving average is $2.48. The company has a market cap of $23.16 million, a price-to-earnings ratio of -7.00 and a beta of 0.15.
Barnwell Industries (NYSE:BRN – Get Free Report) last posted its quarterly earnings data on Tuesday, May 14th. The company reported ($0.18) earnings per share (EPS) for the quarter. The firm had revenue of $5.77 million for the quarter. Barnwell Industries had a negative return on equity of 18.20% and a negative net margin of 13.29%.
Insider Buying and Selling at Barnwell Industries
Hedge Funds Weigh In On Barnwell Industries
A hedge fund recently raised its stake in Barnwell Industries stock. Renaissance Technologies LLC increased its holdings in shares of Barnwell Industries, Inc. (NYSE:BRN – Free Report) by 1.9% in the second quarter, according to the company in its most recent filing with the SEC. 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 3.55% of Barnwell Industries worth $836,000 as of its most recent filing with the SEC. 40.71% of the stock is currently owned by hedge funds and other institutional investors.
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.
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