Barnwell Industries, Inc. (NYSE:BRN) Major Shareholder Ned L. Sherwood Buys 5,011 Shares of Stock

Posted by Defense World Staff on Apr 23rd, 2024

Barnwell Industries, Inc. (NYSE:BRN – Get Free Report) major shareholder Ned L. Sherwood purchased 5,011 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The shares were purchased at an average price of $2.80 per share, for a total transaction of $14,030.80. Following the completion of the acquisition, the insider now directly owns 2,667,277 shares in the company, valued at approximately $7,468,375.60. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Barnwell Industries Trading Up 3.2 %

NYSE BRN opened at $2.92 on Tuesday. The stock has a market cap of $29.36 million, a PE ratio of -10.81 and a beta of 0.19. Barnwell Industries, Inc. has a 12 month low of $2.06 and a 12 month high of $2.95. The company’s 50-day moving average price is $2.40 and its 200-day moving average price is $2.45.

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

Analyst Ratings Changes

Several research analysts have issued reports on BRN shares. StockNews.com assumed coverage on Barnwell Industries in a research report on Tuesday, April 16th. They set a “hold” rating for the company. TheStreet cut Barnwell Industries from a “c” rating to a “d+” rating in a report on Thursday, March 14th.

Read Our Latest Analysis on BRN

Barnwell Industries Company Profile

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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.