StockNews.com began coverage on shares of Barnwell Industries (NYSE:BRN – Free Report) in a research report sent to investors on Thursday morning. The firm issued a hold rating on the stock.
Separately, TheStreet downgraded Barnwell Industries from a c rating to a d+ rating in a report on Thursday, March 14th.
View Our Latest Research Report on Barnwell Industries
Barnwell Industries Stock Performance
Barnwell Industries (NYSE:BRN – Get Free Report) last announced its earnings results on Tuesday, May 14th. The company reported ($0.18) EPS for the quarter. The company had revenue of $5.77 million for the quarter. Barnwell Industries had a negative net margin of 13.29% and a negative return on equity of 18.20%.
Insiders Place Their Bets
In other Barnwell Industries news, major shareholder Ned L. Sherwood acquired 71,050 shares of the company’s stock in a transaction on Monday, April 15th. The shares were bought at an average cost of $2.67 per share, for a total transaction of $189,703.50. Following the acquisition, the insider now directly owns 2,600,466 shares of the company’s stock, valued at $6,943,244.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Barnwell Industries news, major shareholder Ned L. Sherwood acquired 10,650 shares of the company’s stock in a transaction on Wednesday, April 17th. The shares were bought at an average cost of $2.78 per share, for a total transaction of $29,607.00. Following the acquisition, the insider now directly owns 2,617,827 shares of the company’s stock, valued at $7,277,559.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Ned L. Sherwood acquired 71,050 shares of the company’s stock in a transaction on Monday, April 15th. The shares were acquired at an average price of $2.67 per share, for a total transaction of $189,703.50. Following the completion of the acquisition, the insider now directly owns 2,600,466 shares in the company, valued at $6,943,244.22. The disclosure for this purchase can be found here. Insiders have acquired 161,140 shares of company stock worth $442,854 in the last three months. 17.60% of the stock is owned by insiders.
Barnwell Industries Company Profile
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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