Barnwell Industries (NYSE:BRN) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Barnwell Industries (NYSE:BRN) in a research note issued on Tuesday. The firm set a “hold” rating on the stock.

Separately, TheStreet downgraded Barnwell Industries from a “c” rating to a “d+” rating in a research report on Thursday, March 14th.

Barnwell Industries Stock Up 4.2 %

NYSE BRN opened at $2.73 on Tuesday. Barnwell Industries has a fifty-two week low of $2.06 and a fifty-two week high of $2.90. The stock has a market cap of $27.46 million, a price-to-earnings ratio of -10.11 and a beta of 0.19. The business has a fifty day moving average of $2.36 and a 200-day moving average of $2.44.

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

Institutional Trading of Barnwell Industries

Institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of Barnwell Industries by 7.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 62,447 shares of the company’s stock worth $152,000 after purchasing an additional 4,591 shares during the period. Susquehanna International Group LLP bought a new position in Barnwell Industries in the 1st quarter worth approximately $75,000. Stilwell Value LLC bought a new position in Barnwell Industries in the 1st quarter worth approximately $220,000. Two Sigma Investments LP bought a new position in Barnwell Industries in the 3rd quarter worth approximately $40,000. Finally, Renaissance Technologies LLC grew its holdings in Barnwell Industries by 15.0% in the 1st quarter. Renaissance Technologies LLC now owns 637,622 shares of the company’s stock worth $1,639,000 after buying an additional 83,286 shares in the last quarter. Institutional investors and hedge funds own 40.71% of the company’s stock.

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.