New Concept Energy (NYSE:GBR) Earns Sell Rating from Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of New Concept Energy (NYSE:GBR) in a report released on Thursday. The brokerage set a “sell” rating on the stock.

New Concept Energy Stock Performance

New Concept Energy stock opened at $1.70 on Thursday. New Concept Energy has a 12 month low of $0.95 and a 12 month high of $1.81. The business has a 50 day simple moving average of $1.41 and a 200-day simple moving average of $1.18.

New Concept Energy (NYSE:GBR) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.01 EPS for the quarter. New Concept Energy had a negative return on equity of 0.79% and a negative net margin of 25.17%. The business had revenue of $0.04 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in New Concept Energy stock. PFG Investments LLC acquired a new position in New Concept Energy, Inc. (NYSE:GBR) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 90,200 shares of the company’s stock, valued at approximately $95,000.

New Concept Energy Company Profile

New Concept Energy, Inc engages in real estate rental business. The company owns approximately 190 acres of land located in Parkersburg West Virginia. It also provides advisory and management services for an independent oil and gas company. The company was formerly known as CabelTel International Corporation and changed its name to New Concept Energy, Inc in May 2008.