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

Analysts at StockNews.com initiated coverage on shares of New Concept Energy (NYSE:GBR) 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) 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

In other New Concept Energy news, major shareholder Realty Advisors Inc sold 250,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $1.30, for a total value of $325,000.00. Following the completion of the transaction, the insider now directly owns 1,144,934 shares of the company’s stock, valued at approximately $1,488,414.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.10% of the stock is currently owned by corporate insiders.

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) 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.