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

Stock analysts at StockNews.com initiated coverage on shares of Barnwell Industries (NYSE:BRNGet Free Report) in a report released on Sunday. The firm set a “hold” rating on the stock.

Separately, TheStreet lowered Barnwell Industries from a “c” rating to a “d+” rating in a research report on Thursday, March 14th.

Get Our Latest Report on BRN

Barnwell Industries Stock Performance

BRN opened at $2.36 on Friday. Barnwell Industries has a one year low of $2.06 and a one year high of $3.10. The stock’s fifty day moving average is $2.34 and its 200-day moving average is $2.45. The company has a market capitalization of $23.67 million, a PE ratio of -8.74 and a beta of 0.19.

Barnwell Industries (NYSE:BRNGet Free Report) last announced its earnings results on Monday, February 12th. The company reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $6.16 million for the quarter. Barnwell Industries had a negative return on equity of 14.70% and a negative net margin of 11.35%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BRN. Two Sigma Investments LP purchased a new position in Barnwell Industries in the third quarter valued at about $40,000. Susquehanna International Group LLP purchased a new position in Barnwell Industries in the first quarter valued at about $75,000. Dimensional Fund Advisors LP purchased a new position in Barnwell Industries in the first quarter valued at about $78,000. Acadian Asset Management LLC grew its stake in Barnwell Industries by 145.1% in the first quarter. Acadian Asset Management LLC now owns 40,745 shares of the company’s stock valued at $104,000 after purchasing an additional 24,118 shares in the last quarter. Finally, Stilwell Value LLC purchased a new position in Barnwell Industries in the first quarter valued at about $220,000. Hedge funds and other institutional investors own 40.71% of the company’s stock.

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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