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

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

Barnwell Industries Stock Performance

Shares of BRN stock opened at $1.62 on Wednesday. Barnwell Industries has a 52 week low of $1.27 and a 52 week high of $3.20. The stock has a market capitalization of $16.29 million, a PE ratio of -2.38 and a beta of -0.18. The stock’s fifty day moving average is $1.69 and its 200-day moving average is $1.80.

About Barnwell Industries

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.