Analysts at StockNews.com initiated coverage on shares of New Concept Energy (NYSE:GBR – Get Free Report) in a report issued on Thursday. The firm set a “sell” rating on the stock.
New Concept Energy Stock Performance
Shares of NYSE:GBR opened at $1.17 on Thursday. The company has a 50-day simple moving average of $1.23 and a 200-day simple moving average of $1.35. New Concept Energy has a one year low of $0.95 and a one year high of $1.82. The stock has a market capitalization of $6.00 million, a price-to-earnings ratio of -39.00 and a beta of 0.30.
New Concept Energy (NYSE:GBR – Get Free Report) last announced its earnings results on Tuesday, August 13th. The company reported $0.01 EPS for the quarter. The business had revenue of $0.04 million during the quarter. New Concept Energy had a negative net margin of 18.62% and a negative return on equity of 0.59%.
Insider Buying and Selling
Institutional Trading of New Concept Energy
A hedge fund recently raised its stake in New Concept Energy stock. PFG Investments LLC increased its position in shares of New Concept Energy, Inc. (NYSE:GBR – Free Report) by 69.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 152,600 shares of the company’s stock after acquiring an additional 62,400 shares during the quarter. PFG Investments LLC owned approximately 2.97% of New Concept Energy worth $244,000 as of its most recent filing with the SEC.
About New Concept Energy
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.
See Also
- Five stocks we like better than New Concept Energy
- ETF Screener: Uses and Step-by-Step Guide
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- Are Penny Stocks a Good Fit for Your Portfolio?
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- What Are Growth Stocks and Investing in Them
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
Receive News & Ratings for New Concept Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Concept Energy and related companies with MarketBeat.com's FREE daily email newsletter.