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

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

Barnwell Industries Price Performance

Shares of Barnwell Industries stock opened at $1.70 on Monday. The firm has a fifty day moving average price of $1.67 and a 200 day moving average price of $1.85. Barnwell Industries has a 1 year low of $1.27 and a 1 year high of $3.20. The stock has a market cap of $17.09 million, a PE ratio of -2.50 and a beta of -0.18.

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.