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

StockNews.com initiated coverage on shares of Barnwell Industries (NYSE:BRN) in a research note released on Saturday morning. The brokerage issued a hold rating on the stock.

Barnwell Industries Stock Performance

Shares of BRN opened at $1.62 on Friday. Barnwell Industries has a 1 year low of $1.31 and a 1 year high of $3.20. The company has a market cap of $16.28 million, a price-to-earnings ratio of -2.38 and a beta of 0.02. The firm has a fifty day moving average of $1.67 and a 200-day moving average of $1.91.

About Barnwell Industries

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.