Barnwell Industries, Inc. (NYSE:BRN – Get Free Report) major shareholder Ned L. Sherwood purchased 71,050 shares of the stock in a transaction on Monday, April 15th. The stock was bought at an average price of $2.67 per share, for a total transaction of $189,703.50. Following the completion of the transaction, the insider now directly owns 2,600,466 shares of the company’s stock, valued at $6,943,244.22. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Barnwell Industries Price Performance
NYSE BRN opened at $2.79 on Friday. The stock’s 50 day simple moving average is $2.38 and its 200 day simple moving average is $2.44. Barnwell Industries, Inc. has a one year low of $2.06 and a one year high of $2.90. The firm has a market cap of $28.07 million, a PE ratio of -10.33 and a beta of 0.19.
Barnwell Industries (NYSE:BRN – Get Free Report) last announced its earnings results on Monday, February 12th. The company reported ($0.07) EPS for the quarter. Barnwell Industries had a negative return on equity of 14.70% and a negative net margin of 11.35%. The business had revenue of $6.16 million for the quarter.
Institutional Investors Weigh In On Barnwell Industries
Wall Street Analyst Weigh In
BRN has been the topic of several recent analyst reports. StockNews.com began coverage on shares of Barnwell Industries in a research note on Tuesday. They issued a “hold” rating on the stock. TheStreet lowered shares of Barnwell Industries from a “c” rating to a “d+” rating in a research report on Thursday, March 14th.
View Our Latest Analysis on Barnwell Industries
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.
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