Barnwell Industries, Inc. (NYSE:BRN – Get Free Report) major shareholder Ned L. Sherwood purchased 17,048 shares of the stock in a transaction on Wednesday, April 24th. The shares were purchased at an average price of $2.71 per share, with a total value of $46,200.08. Following the acquisition, the insider now directly owns 2,687,025 shares in the company, valued at $7,281,837.75. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Barnwell Industries Price Performance
BRN stock opened at $2.95 on Friday. The company has a fifty day moving average price of $2.45 and a 200 day moving average price of $2.46. Barnwell Industries, Inc. has a 12 month low of $2.06 and a 12 month high of $2.99. The company has a market cap of $29.67 million, a price-to-earnings ratio of -10.93 and a beta of 0.19.
Barnwell Industries (NYSE:BRN – Get Free Report) last released its quarterly earnings results on Monday, February 12th. The company reported ($0.07) EPS for the quarter. The business had revenue of $6.16 million during the quarter. Barnwell Industries had a negative net margin of 11.35% and a negative return on equity of 14.70%.
Analyst Ratings Changes
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About Barnwell Industries
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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