Barnwell Industries (NYSE:BRN) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Barnwell Industries (NYSE:BRN) in a research note published on Wednesday. The firm issued a hold rating on the stock.

Barnwell Industries Price Performance

NYSE BRN opened at $1.62 on Wednesday. The company’s fifty day moving average is $1.69 and its two-hundred day moving average is $1.80. The firm has a market capitalization of $16.29 million, a price-to-earnings ratio of -2.38 and a beta of -0.18. Barnwell Industries has a 52-week low of $1.27 and a 52-week 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.