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

StockNews.com assumed coverage on shares of Barnwell Industries (NYSE:BRN) in a research note released on Monday. The firm issued a hold rating on the stock.

Barnwell Industries Price Performance

Shares of NYSE BRN opened at $1.69 on Monday. The business has a fifty day moving average price of $2.04 and a two-hundred day moving average price of $2.31. The stock has a market capitalization of $16.95 million, a PE ratio of -4.45 and a beta of 0.14. Barnwell Industries has a fifty-two week low of $1.62 and a fifty-two week high of $3.20.

Institutional Investors Weigh In On Barnwell Industries

An institutional investor recently raised its position in Barnwell Industries stock. Renaissance Technologies LLC lifted its holdings in shares of Barnwell Industries, Inc. (NYSE:BRN) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 355,534 shares of the company’s stock after purchasing an additional 6,612 shares during the period. 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 institutional investors and hedge funds.

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.