New Concept Energy (NYSE:GBR) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of New Concept Energy (NYSE:GBR) in a research note released on Wednesday morning. The brokerage issued a sell rating on the stock.

New Concept Energy Stock Performance

NYSE:GBR opened at $1.18 on Wednesday. The stock’s 50 day moving average price is $1.11 and its 200 day moving average price is $1.08. New Concept Energy has a 52 week low of $0.91 and a 52 week high of $1.67.

New Concept Energy (NYSE:GBR) last posted its earnings results on Monday, April 1st. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $0.04 million for the quarter. New Concept Energy had a negative net margin of 13.82% and a negative return on equity of 0.46%.

Institutional Trading of New Concept Energy

A hedge fund recently bought a new stake in New Concept Energy stock. PFG Investments LLC purchased a new stake in shares of New Concept Energy, Inc. (NYSE:GBR) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 90,200 shares of the company’s stock, valued at approximately $95,000.

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.