Investment analysts at StockNews.com began coverage on shares of New Concept Energy (NYSE:GBR – Get Free Report) in a research report issued to clients and investors on Tuesday. The brokerage set a “sell” rating on the stock.
New Concept Energy Price Performance
Shares of NYSE:GBR opened at $1.46 on Tuesday. New Concept Energy has a 1 year low of $0.95 and a 1 year high of $1.82. The firm has a market capitalization of $7.49 million, a price-to-earnings ratio of -47.67 and a beta of 0.34. The business’s 50 day moving average price is $1.53 and its 200-day moving average price is $1.28.
Institutional Inflows and Outflows
An institutional investor recently raised its position in New Concept Energy stock. PFG Investments LLC raised its position in New Concept Energy, Inc. (NYSE:GBR – Free Report) by 69.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 152,600 shares of the company’s stock after purchasing an additional 62,400 shares during the period. PFG Investments LLC owned 2.97% of New Concept Energy worth $244,000 at the end of the most recent quarter.
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.
Recommended Stories
- Five stocks we like better than New Concept Energy
- Dividend Capture Strategy: What You Need to Know
- Brinker International’s Price Dip is an Appetizing Entry Point
- What Does a Stock Split Mean?
- 3 Stocks That Could Beat the September Blues
- High Dividend REITs: Are They an Ideal Way to Diversify?
- Canopy Growth Stock: Can It Sustain Recent Gains?
Receive News & Ratings for New Concept Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Concept Energy and related companies with MarketBeat.com's FREE daily email newsletter.
