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

StockNews.com began coverage on shares of Barnwell Industries (NYSE:BRN) in a research report issued on Monday. The brokerage set a “hold” rating on the stock.

Barnwell Industries Trading Down 4.7 %

BRN stock opened at $1.64 on Monday. Barnwell Industries has a one year low of $1.31 and a one year high of $3.20. The firm has a market capitalization of $16.49 million, a PE ratio of -4.32 and a beta of 0.02. The firm has a 50-day moving average of $1.65 and a two-hundred day moving average of $2.03.

Institutional Trading of Barnwell Industries

A hedge fund recently raised its stake in Barnwell Industries stock. Renaissance Technologies LLC raised its stake in shares of Barnwell Industries, Inc. (NYSE:BRN) by 1.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 SEC filing. 40.71% of the stock is currently owned by hedge funds and other institutional investors.

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.