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

Stock analysts at StockNews.com assumed coverage on shares of Barnwell Industries (NYSE:BRN) in a research note issued to investors on Thursday. The firm set a “hold” rating on the stock.

Barnwell Industries Trading Down 2.4 %

Shares of NYSE:BRN opened at $1.64 on Thursday. Barnwell Industries has a 1-year low of $1.50 and a 1-year high of $3.20. The stock has a market capitalization of $16.45 million, a P/E ratio of -4.32 and a beta of 0.07. The business has a 50-day moving average price of $1.87 and a two-hundred day moving average price of $2.20.

Institutional Trading of Barnwell Industries

An institutional investor recently raised its position in Barnwell Industries stock. Renaissance Technologies LLC raised its stake in Barnwell Industries, Inc. (NYSE:BRN) by 1.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 355,534 shares of the company’s stock after purchasing an additional 6,612 shares during the period. Renaissance Technologies LLC owned 3.55% of Barnwell Industries worth $836,000 at the end of the most recent 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.