Barnwell Industries, Inc. (NYSE:BRN – Get Free Report) major shareholder Ned L. Sherwood bought 10,650 shares of Barnwell Industries stock in a transaction on Wednesday, April 17th. The shares were acquired at an average cost of $2.78 per share, with a total value of $29,607.00. Following the completion of the acquisition, the insider now owns 2,617,827 shares of the company’s stock, valued at approximately $7,277,559.06. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Barnwell Industries Price Performance
BRN opened at $2.79 on Thursday. The firm has a market cap of $28.06 million, a P/E ratio of -10.33 and a beta of 0.19. Barnwell Industries, Inc. has a 1-year low of $2.06 and a 1-year high of $2.90. The company has a 50 day simple moving average of $2.37 and a two-hundred day simple moving average of $2.44.
Barnwell Industries (NYSE:BRN – Get Free Report) last posted its quarterly earnings results on Monday, February 12th. The company reported ($0.07) earnings per share for the quarter. The firm had revenue of $6.16 million during the quarter. Barnwell Industries had a negative return on equity of 14.70% and a negative net margin of 11.35%.
Hedge Funds Weigh In On Barnwell Industries
Analysts Set New Price Targets
A number of analysts have commented on the stock. TheStreet cut shares of Barnwell Industries from a “c” rating to a “d+” rating in a report on Thursday, March 14th. StockNews.com initiated coverage on shares of Barnwell Industries in a report on Tuesday. They set a “hold” rating for the company.
Check Out Our Latest Stock Analysis on BRN
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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