Barnwell Industries (NYSE:BRN) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Barnwell Industries (NYSE:BRN) in a report issued on Friday. The brokerage set a “hold” rating on the stock.

Barnwell Industries Trading Down 0.6 %

BRN stock opened at $1.76 on Friday. The firm has a 50 day moving average of $1.67 and a 200-day moving average of $1.95. The company has a market cap of $17.69 million, a price-to-earnings ratio of -3.14 and a beta of 0.02. Barnwell Industries has a 12-month low of $1.31 and a 12-month high of $3.20.

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.