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

StockNews.com began coverage on shares of Barnwell Industries (NYSE:BRN) in a research note issued on Monday. The brokerage set a “hold” rating on the stock.

Barnwell Industries Stock Performance

Shares of Barnwell Industries stock opened at $1.71 on Monday. The firm has a fifty day moving average of $2.07 and a two-hundred day moving average of $2.34. The stock has a market capitalization of $17.15 million, a price-to-earnings ratio of -4.50 and a beta of 0.14. Barnwell Industries has a 52 week low of $1.62 and a 52 week high of $3.20.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Barnwell Industries stock. Renaissance Technologies LLC boosted its stake in shares of Barnwell Industries, Inc. (NYSE:BRN) by 1.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 355,534 shares of the company’s stock after buying an additional 6,612 shares during the period. Renaissance Technologies LLC owned approximately 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.