New Concept Energy (NYSE:GBR) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of New Concept Energy (NYSE:GBR) in a research note issued to investors on Thursday. The brokerage issued a sell rating on the stock.

New Concept Energy Stock Up 0.9 %

GBR opened at $1.18 on Thursday. The company has a fifty day moving average of $1.22 and a 200 day moving average of $1.35. New Concept Energy has a fifty-two week low of $0.95 and a fifty-two week high of $1.82.

New Concept Energy (NYSE:GBR) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.01 EPS for the quarter. New Concept Energy had a negative net margin of 18.62% and a negative return on equity of 0.59%. The business had revenue of $0.04 million during the quarter.

Insider Buying and Selling at New Concept Energy

In other New Concept Energy news, major shareholder Realty Advisors Inc sold 250,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1.30, for a total transaction of $325,000.00. Following the completion of the transaction, the insider now owns 1,144,934 shares in the company, valued at $1,488,414.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On New Concept Energy

An institutional investor recently raised its position in New Concept Energy stock. PFG Investments LLC lifted its position in New Concept Energy, Inc. (NYSE:GBR) by 69.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 152,600 shares of the company’s stock after acquiring an additional 62,400 shares during the quarter. PFG Investments LLC owned 2.97% of New Concept Energy worth $244,000 at the end of the most recent reporting period.

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.