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

Research analysts at StockNews.com started coverage on shares of Barnwell Industries (NYSE:BRN) in a research note issued on Sunday. The brokerage set a “hold” rating on the stock.

Barnwell Industries Price Performance

Shares of NYSE BRN opened at $1.35 on Friday. The company has a 50 day simple moving average of $1.68 and a 200 day simple moving average of $1.89. Barnwell Industries has a 1 year low of $1.31 and a 1 year high of $3.20. The firm has a market cap of $13.57 million, a PE ratio of -1.99 and a beta of 0.02.

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.