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

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

Barnwell Industries Price Performance

Barnwell Industries stock opened at $1.65 on Friday. The company has a market cap of $16.58 million, a P/E ratio of -2.43 and a beta of 0.02. The firm’s 50 day simple moving average is $1.67 and its 200-day simple moving average is $1.92. Barnwell Industries has a fifty-two week low of $1.31 and a fifty-two week high of $3.20.

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.