Barnwell Industries (NYSE:BRN) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Barnwell Industries (NYSE:BRN) in a research note issued to investors on Tuesday. The brokerage issued a hold rating on the stock.

Barnwell Industries Stock Performance

Shares of BRN stock opened at $1.71 on Tuesday. The firm’s 50-day moving average is $1.69 and its 200-day moving average is $1.82. The stock has a market cap of $17.14 million, a price-to-earnings ratio of -2.51 and a beta of -0.18. Barnwell Industries has a 52-week low of $1.27 and a 52-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.