Barnwell Industries, Inc. (NYSE:BRN) Stock Holdings Lifted by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its position in Barnwell Industries, Inc. (NYSE:BRN) by 1.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

Barnwell Industries Price Performance

Shares of Barnwell Industries stock opened at $2.27 on Tuesday. Barnwell Industries, Inc. has a 52-week low of $2.06 and a 52-week high of $3.20. The company’s fifty day moving average price is $2.29 and its two-hundred day moving average price is $2.47. The firm has a market capitalization of $22.76 million, a PE ratio of -6.88 and a beta of 0.10.

Barnwell Industries (NYSE:BRN) last announced its quarterly earnings results on Tuesday, August 13th. The company reported ($0.12) EPS for the quarter. Barnwell Industries had a negative net margin of 15.55% and a negative return on equity of 22.12%. The company had revenue of $5.53 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Barnwell Industries in a report on Tuesday, October 1st. They set a “hold” rating for the company.

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.