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

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

Barnwell Industries Trading Up 2.3 %

Shares of Barnwell Industries stock opened at $1.77 on Tuesday. Barnwell Industries has a 12 month low of $1.62 and a 12 month high of $3.20. The firm has a market capitalization of $17.75 million, a P/E ratio of -4.66 and a beta of 0.14. The business has a fifty day simple moving average of $1.98 and a two-hundred day simple moving average of $2.27.

Institutional Investors Weigh In On Barnwell Industries

An institutional investor recently raised its position in Barnwell Industries stock. Renaissance Technologies LLC lifted its stake in Barnwell Industries, Inc. (NYSE:BRN) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 355,534 shares of the company’s stock after purchasing 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 filing with the Securities & Exchange Commission. 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.