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

StockNews.com assumed coverage on shares of Barnwell Industries (NYSE:BRN) in a research report sent to investors on Friday. The brokerage issued a hold rating on the stock.

Barnwell Industries Price Performance

NYSE BRN opened at $1.74 on Friday. The stock’s fifty day moving average price is $1.67 and its 200 day moving average price is $1.94. Barnwell Industries has a 1 year low of $1.31 and a 1 year high of $3.20. The company has a market cap of $17.45 million, a price-to-earnings ratio of -3.10 and a beta of 0.02.

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.