Barnwell Industries (NYSE:BRN) Now Covered by StockNews.com

StockNews.com started coverage on shares of Barnwell Industries (NYSE:BRN) in a report published on Monday morning. The firm issued a hold rating on the stock.

Barnwell Industries Price Performance

Shares of BRN stock opened at $1.68 on Monday. Barnwell Industries has a 1-year low of $1.62 and a 1-year high of $3.20. The company has a 50-day moving average of $2.05 and a two-hundred day moving average of $2.32. The firm has a market cap of $16.85 million, a PE ratio of -4.42 and a beta of 0.14.

Institutional Trading of Barnwell Industries

A hedge fund recently raised its stake in Barnwell Industries stock. Renaissance Technologies LLC boosted its holdings in shares of Barnwell Industries, Inc. (NYSE:BRN) by 1.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 355,534 shares of the company’s stock after buying an additional 6,612 shares during the quarter. Renaissance Technologies LLC owned 3.55% of Barnwell Industries worth $836,000 as of its most recent SEC filing. Hedge funds and other institutional investors 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.