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

Equities research analysts at StockNews.com began coverage on shares of New Concept Energy (NYSE:GBR) in a note issued to investors on Tuesday. The brokerage set a “sell” rating on the stock.

New Concept Energy Price Performance

Shares of New Concept Energy stock opened at $1.38 on Tuesday. The business’s fifty day moving average price is $1.09 and its two-hundred day moving average price is $1.08. The company has a market capitalization of $7.08 million, a P/E ratio of -46.00 and a beta of 0.39. New Concept Energy has a 1-year low of $0.91 and a 1-year high of $1.67.

New Concept Energy (NYSE:GBR) last announced its earnings results on Monday, April 1st. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $0.04 million for the quarter. New Concept Energy had a negative net margin of 13.82% and a negative return on equity of 0.46%.

Institutional Trading of New Concept Energy

A hedge fund recently bought a new stake in New Concept Energy stock. PFG Investments LLC acquired a new position in New Concept Energy, Inc. (NYSE:GBR) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 90,200 shares of the company’s stock, valued at approximately $95,000.

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.