StockNews.com assumed coverage on shares of Barnwell Industries (NYSE:BRN – Free Report) in a research note issued to investors on Wednesday morning. The brokerage issued a hold rating on the stock.
Separately, TheStreet cut Barnwell Industries from a c rating to a d+ rating in a research note on Thursday, March 14th.
View Our Latest Analysis on Barnwell Industries
Barnwell Industries Trading Up 1.4 %
Barnwell Industries (NYSE:BRN – Get Free Report) last issued its earnings results on Monday, February 12th. The company reported ($0.07) earnings per share (EPS) for the quarter. Barnwell Industries had a negative return on equity of 14.70% and a negative net margin of 11.35%. The firm had revenue of $6.16 million during the quarter.
Insiders Place Their Bets
In other Barnwell Industries news, major shareholder Ned L. Sherwood bought 10,650 shares of the business’s stock in a transaction dated Wednesday, April 17th. The shares were purchased at an average price of $2.78 per share, with a total value of $29,607.00. Following the completion of the purchase, the insider now owns 2,617,827 shares in the company, valued at approximately $7,277,559.06. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Barnwell Industries news, major shareholder Ned L. Sherwood bought 10,650 shares of the business’s stock in a transaction dated Wednesday, April 17th. The shares were purchased at an average price of $2.78 per share, with a total value of $29,607.00. Following the completion of the purchase, the insider now owns 2,617,827 shares in the company, valued at approximately $7,277,559.06. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Ned L. Sherwood bought 17,048 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were acquired at an average cost of $2.71 per share, for a total transaction of $46,200.08. Following the purchase, the insider now owns 2,687,025 shares of the company’s stock, valued at approximately $7,281,837.75. The disclosure for this purchase can be found here. Insiders have purchased 109,870 shares of company stock valued at $295,039 over the last ninety days. 17.60% of the stock is owned by insiders.
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.
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