Barnwell Industries, Inc. (NYSE:BRN – Get Free Report) major shareholder Ned L. Sherwood purchased 10,650 shares of the stock in a transaction dated Wednesday, April 17th. The stock was purchased at an average price of $2.78 per share, for a total transaction of $29,607.00. Following the completion of the acquisition, the insider now directly owns 2,617,827 shares in the company, valued at approximately $7,277,559.06. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Barnwell Industries Stock Up 2.2 %
BRN stock opened at $2.79 on Thursday. The firm has a 50 day moving average of $2.37 and a 200 day moving average of $2.44. The stock has a market capitalization of $28.06 million, a PE ratio of -10.33 and a beta of 0.19. Barnwell Industries, Inc. has a 52 week low of $2.06 and a 52 week high of $2.90.
Barnwell Industries (NYSE:BRN – Get Free Report) last released its earnings results on Monday, February 12th. The company reported ($0.07) EPS for the quarter. The company 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%.
Institutional Trading of Barnwell Industries
Analyst Upgrades and Downgrades
BRN has been the topic of a number of recent analyst reports. 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 issued a “hold” rating on the stock.
Read Our Latest Stock Report on Barnwell Industries
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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