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

Investment analysts at StockNews.com began 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 Stock Up 0.2 %

Shares of NYSE:BRN opened at $1.83 on Wednesday. Barnwell Industries has a 12 month low of $1.31 and a 12 month high of $3.20. The firm has a market cap of $18.43 million, a P/E ratio of -3.27 and a beta of 0.02. The company’s 50-day moving average price is $1.65 and its two-hundred day moving average price is $1.98.

Institutional Investors Weigh In On Barnwell Industries

An institutional investor recently raised its position in Barnwell Industries stock. Renaissance Technologies LLC raised its holdings in Barnwell Industries, Inc. (NYSE:BRN) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 355,534 shares of the company’s stock after acquiring an additional 6,612 shares during the quarter. Renaissance Technologies LLC owned about 3.55% of Barnwell Industries worth $836,000 as of its most recent SEC filing. 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.