Barnwell Industries (NYSE:BRN) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Barnwell Industries (NYSE:BRNFree Report) in a report issued on Friday. The firm issued a hold rating on the stock.

Barnwell Industries Trading Up 4.1 %

NYSE:BRN opened at $2.03 on Friday. The company has a 50-day moving average price of $2.22 and a 200-day moving average price of $2.43. The stock has a market cap of $20.36 million, a price-to-earnings ratio of -6.15 and a beta of 0.10. Barnwell Industries has a 12 month low of $1.87 and a 12 month high of $3.20.

Barnwell Industries (NYSE:BRNGet Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.12) EPS for the quarter. Barnwell Industries had a negative return on equity of 22.12% and a negative net margin of 15.55%. The company had revenue of $5.53 million during the quarter.

Hedge Funds Weigh In On Barnwell Industries

An institutional investor recently raised its position in Barnwell Industries stock. Renaissance Technologies LLC lifted its holdings in Barnwell Industries, Inc. (NYSE:BRNFree Report) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 355,534 shares of the company’s stock after buying an additional 6,612 shares during the quarter. Renaissance Technologies LLC owned approximately 3.55% of Barnwell Industries worth $836,000 as of its most recent SEC filing. 40.71% of the stock is owned by institutional investors and hedge funds.

Barnwell Industries Company Profile

(Get Free Report)

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.

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