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

Equities researchers at StockNews.com started coverage on shares of Barnwell Industries (NYSE:BRN) in a note issued to investors on Saturday. The brokerage set a “hold” rating on the stock.

Barnwell Industries Stock Down 2.4 %

NYSE:BRN opened at $1.65 on Friday. Barnwell Industries has a 52 week low of $1.31 and a 52 week high of $3.20. The company has a market capitalization of $16.59 million, a P/E ratio of -2.43 and a beta of 0.02. The stock’s fifty day moving average is $1.67 and its two-hundred day moving average is $1.93.

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.