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

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

Separately, TheStreet downgraded Barnwell Industries from a “b-” rating to a “c” rating in a research report on Monday, September 11th.

Barnwell Industries Stock Down 0.8 %

NYSE BRN opened at $2.47 on Wednesday. Barnwell Industries has a 52 week low of $1.89 and a 52 week high of $3.28. The firm has a market capitalization of $24.68 million, a P/E ratio of -27.44 and a beta of 0.36. The company has a 50-day moving average price of $2.59 and a 200-day moving average price of $2.60.

Barnwell Industries (NYSE:BRN) last announced its quarterly earnings data on Friday, August 11th. The company reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $5.68 million for the quarter. Barnwell Industries had a negative net margin of 3.76% and a negative return on equity of 5.28%.

Insider Buying and Selling at Barnwell Industries

In other Barnwell Industries news, major shareholder Ned L. Sherwood acquired 38,297 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was acquired at an average cost of $2.57 per share, for a total transaction of $98,423.29. Following the completion of the transaction, the insider now directly owns 2,205,709 shares of the company’s stock, valued at $5,668,672.13. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, major shareholder Ned L. Sherwood purchased 38,297 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was purchased at an average cost of $2.57 per share, for a total transaction of $98,423.29. Following the completion of the transaction, the insider now owns 2,205,709 shares of the company’s stock, valued at $5,668,672.13. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Ned L. Sherwood bought 28,093 shares of the company’s stock in a transaction on Monday, October 16th. The stock was bought at an average price of $2.56 per share, with a total value of $71,918.08. Following the completion of the acquisition, the insider now owns 2,446,257 shares in the company, valued at $6,262,417.92. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 236,608 shares of company stock valued at $619,277. 16.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Barnwell Industries

A number of hedge funds have recently bought and sold shares of BRN. EA Series Trust purchased a new position in shares of Barnwell Industries in the 2nd quarter valued at about $88,000. Susquehanna International Group LLP purchased a new position in Barnwell Industries during the 1st quarter worth approximately $75,000. Stilwell Value LLC purchased a new position in Barnwell Industries during the 1st quarter worth approximately $220,000. Dimensional Fund Advisors LP grew its stake in Barnwell Industries by 7.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 57,848 shares of the company’s stock worth $127,000 after buying an additional 4,144 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new position in Barnwell Industries during the 3rd quarter worth approximately $40,000. Institutional investors and hedge funds own 9.38% of the company’s stock.

Barnwell Industries Company Profile

Barnwell Industries, Inc acquires, develops, produces, and sells oil and natural gas in Canada. It operates through three segments: Oil and Natural Gas, Land Investment, and Contract Drilling. The company acquires and develops crude oil and natural gas assets in the province of Alberta; and invests in land interests in Hawaii.