Barnwell Industries (NYSE:BRN) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Barnwell Industries (NYSE:BRN) in a report issued on Saturday morning. The brokerage issued a hold rating on the stock.

Barnwell Industries Trading Down 1.8 %

BRN stock opened at $1.62 on Friday. Barnwell Industries has a twelve month low of $1.31 and a twelve month high of $3.20. The company has a market capitalization of $16.28 million, a P/E ratio of -2.38 and a beta of 0.02. The firm has a 50 day simple moving average of $1.67 and a 200-day simple moving average of $1.91.

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.