New Concept Energy (NYSE:GBR) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of New Concept Energy (NYSE:GBR) in a research note issued to investors on Thursday. The brokerage set a “sell” rating on the stock.

New Concept Energy Trading Up 3.7 %

Shares of NYSE GBR opened at $1.70 on Thursday. The company has a 50-day moving average price of $1.41 and a 200-day moving average price of $1.18. New Concept Energy has a 1 year low of $0.95 and a 1 year high of $1.81.

New Concept Energy (NYSE:GBR) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $0.04 million during the quarter. New Concept Energy had a negative net margin of 25.17% and a negative return on equity of 0.79%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in New Concept Energy stock. PFG Investments LLC purchased a new stake in New Concept Energy, Inc. (NYSE:GBR) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 90,200 shares of the company’s stock, valued at approximately $95,000.

New Concept Energy Company Profile

New Concept Energy, Inc engages in real estate rental business. The company owns approximately 190 acres of land located in Parkersburg West Virginia. It also provides advisory and management services for an independent oil and gas company. The company was formerly known as CabelTel International Corporation and changed its name to New Concept Energy, Inc in May 2008.