Barnwell Industries (NYSE:BRN) Earns Hold Rating from Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Barnwell Industries (NYSE:BRN) in a note issued to investors on Wednesday. The firm set a “hold” rating on the stock.

Barnwell Industries Trading Up 9.1%

NYSE BRN opened at $1.32 on Wednesday. The company has a 50-day moving average price of $1.46 and a two-hundred day moving average price of $1.59. Barnwell Industries has a 52 week low of $1.20 and a 52 week high of $3.20. The stock has a market cap of $13.27 million, a price-to-earnings ratio of -1.94 and a beta of -0.30.

Barnwell Industries Company Profile

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.