Contrasting Barnwell Industries (NYSE:BRN) & Carbon Energy (OTCMKTS:CRBOD)

Earnings & Valuation

This table compares Barnwell Industries and Carbon Energy”s gross revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Barnwell Industries	$18.07 million	0.64	-$5.57 million	($0.65)	-1.77
Carbon Energy	$116.63 million	0.00	$1.10 million	N/A	N/A

Carbon Energy has higher revenue and earnings than Barnwell Industries.

Profitability

This table compares Barnwell Industries and Carbon Energy’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Barnwell Industries	-34.01%	-48.90%	-22.57%
Carbon Energy	-38.38%	-8.44%	-2.43%

Institutional and Insider Ownership

40.7% of Barnwell Industries shares are held by institutional investors. Comparatively, 10.5% of Carbon Energy shares are held by institutional investors. 17.6% of Barnwell Industries shares are held by company insiders. Comparatively, 7.1% of Carbon Energy shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Volatility and Risk

Barnwell Industries has a beta of -0.31, suggesting that its stock price is 131% less volatile than the S&P 500. Comparatively, Carbon Energy has a beta of 0.15, suggesting that its stock price is 85% less volatile than the S&P 500.

Summary

Carbon Energy beats Barnwell Industries on 5 of the 9 factors compared between the two stocks.

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. In addition, the company owns and operates threes water well drilling rigs, two pump rigs, and other ancillary drilling and pump equipment; and drills water and water monitoring wells of varying depths. Further, it installs and repairs water pumping systems; and distributes trillium flow technologies. Barnwell Industries, Inc. was incorporated in 1956 and is based in Honolulu, Hawaii.

About Carbon Energy

Carbon Energy Corporation, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids properties in the United States. It focuses on conventional and unconventional reservoirs, including shale, tight sand, and coalbed methane located in the Appalachian, Illinois, and Ventura Basins. As of December 31, 2018, it owned working interests in 7,100 net wells and royalty interests in approximately 900 wells located in California, Illinois, Indiana, Kentucky, Ohio, Tennessee, Virginia, and West Virginia, as well as had leasehold positions in approximately 340,700 net developed acres and approximately 1,319,200 net undeveloped acres. The company was formerly known as Carbon Natural Gas Company and changed its name to Carbon Energy Corporation in June 2018. Carbon Energy Corporation was founded in 2007 and is based in Denver, Colorado.