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

Analysts at StockNews.com began coverage on shares of Barnwell Industries (NYSE:BRN) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the stock.

Barnwell Industries Stock Performance

BRN opened at $1.51 on Thursday. The stock has a fifty day moving average of $1.66 and a 200-day moving average of $1.77. The company has a market capitalization of $15.13 million, a P/E ratio of -2.21 and a beta of -0.18. Barnwell Industries has a fifty-two week low of $1.27 and a fifty-two week high of $3.20.

About Barnwell Industries

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.