New Concept Energy (NYSE:GBR) Now Covered by StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of New Concept Energy (NYSE:GBR) in a research report issued to clients and investors on Friday. The firm set a “sell” rating on the stock.

New Concept Energy Trading Up 3.3 %

Shares of GBR opened at $1.24 on Friday. The stock’s 50-day moving average price is $1.21 and its two-hundred day moving average price is $1.35. The company has a market capitalization of $6.36 million, a PE ratio of -124.00 and a beta of 0.30. New Concept Energy has a 12 month low of $0.95 and a 12 month high of $1.82.

New Concept Energy (NYSE:GBR) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.01 earnings per share (EPS) for the quarter. New Concept Energy had a negative return on equity of 0.59% and a negative net margin of 18.62%. The company had revenue of $0.04 million for the quarter.

Insider Activity

In other New Concept Energy news, major shareholder Realty Advisors Inc sold 250,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1.30, for a total transaction of $325,000.00. Following the completion of the sale, the insider now owns 1,144,934 shares in the company, valued at approximately $1,488,414.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in New Concept Energy stock. PFG Investments LLC grew its stake in shares of New Concept Energy, Inc. (NYSE:GBR) by 69.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 152,600 shares of the company’s stock after acquiring an additional 62,400 shares during the period. PFG Investments LLC owned about 2.97% of New Concept Energy worth $244,000 at the end of the most recent reporting period.

New Concept Energy Company Profile

New Concept Energy, Inc engages in real estate rental business. The company owns approximately 190 acres of land located in Parkersburg West Virginia. It also provides advisory and management services for an independent oil and gas company. The company was formerly known as CabelTel International Corporation and changed its name to New Concept Energy, Inc in May 2008.