Research analysts at StockNews.com started coverage on shares of New Concept Energy (NYSE:GBR – Get Free Report) in a research note issued to investors on Thursday. The brokerage set a “sell” rating on the stock.
New Concept Energy Stock Performance
NYSE:GBR opened at $1.19 on Thursday. The firm has a fifty day simple moving average of $1.22 and a two-hundred day simple moving average of $1.35. New Concept Energy has a 12 month low of $0.95 and a 12 month high of $1.82.
New Concept Energy (NYSE:GBR – Get Free Report) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.01 EPS for the quarter. The business had revenue of $0.04 million during the quarter. New Concept Energy had a negative net margin of 18.62% and a negative return on equity of 0.59%.
Insiders Place Their Bets
Institutional Inflows and Outflows
An institutional investor recently raised its position in New Concept Energy stock. PFG Investments LLC raised its holdings in New Concept Energy, Inc. (NYSE:GBR – Free Report) by 69.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 152,600 shares of the company’s stock after buying an additional 62,400 shares during the period. PFG Investments LLC owned about 2.97% of New Concept Energy worth $244,000 as of its most recent filing with the Securities and Exchange Commission.
New Concept Energy Company Profile
New Concept Energy, Inc engages in real estate rental business. The company owns approximately 190 acres of land located in Parkersburg West Virginia. It also provides advisory and management services for an independent oil and gas company. The company was formerly known as CabelTel International Corporation and changed its name to New Concept Energy, Inc in May 2008.
Featured Stories
- Five stocks we like better than New Concept Energy
- How Can Investors Benefit From After-Hours Trading
- Texas Roadhouse Stock Steering for New Highs This Year
- What is the NASDAQ Stock Exchange?
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for New Concept Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Concept Energy and related companies with MarketBeat.com's FREE daily email newsletter.