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

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

Barnwell Industries Stock Performance

Shares of NYSE BRN 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 market capitalization of $17.59 million, a P/E ratio of -2.57 and a beta of -0.18. The stock’s fifty day moving average is $1.69 and its 200 day moving average is $1.83.

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.