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

Equities researchers at StockNews.com initiated coverage on shares of Barnwell Industries (NYSE:BRN) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the stock.

Barnwell Industries Stock Performance

Barnwell Industries stock opened at $1.75 on Tuesday. Barnwell Industries has a 52 week low of $1.27 and a 52 week high of $3.20. The stock has a 50-day simple moving average of $1.69 and a 200 day simple moving average of $1.83. The stock has a market capitalization of $17.59 million, a P/E ratio of -2.57 and a beta of -0.18.

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.