StockNews.com Begins Coverage on Barnwell Industries (NYSE:BRN)

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

Barnwell Industries Stock Up 5.5 %

Shares of NYSE BRN opened at $1.44 on Monday. The firm has a market capitalization of $14.48 million, a P/E ratio of -2.12 and a beta of -0.18. The stock’s 50-day simple moving average is $1.66 and its two-hundred day simple moving average is $1.86. Barnwell Industries has a twelve month low of $1.27 and a twelve month high of $3.20.

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.