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

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

Barnwell Industries Price Performance

NYSE:BRN opened at $1.62 on Monday. Barnwell Industries has a fifty-two week low of $1.31 and a fifty-two week high of $3.20. The stock’s 50-day moving average is $1.64 and its two-hundred day moving average is $2.02. The stock has a market cap of $16.29 million, a PE ratio of -4.26 and a beta of 0.02.

Institutional Investors Weigh In On Barnwell Industries

An institutional investor recently raised its position in Barnwell Industries stock. Renaissance Technologies LLC lifted its position in Barnwell Industries, Inc. (NYSE:BRN) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. 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 about 3.55% of Barnwell Industries worth $836,000 as of its most recent filing with the SEC. 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.