Barnwell Industries (NYSE:BRN) Shares Down 1.9% – Here’s What Happened

Posted by Tyrone Williams on Jun 11th, 2026

Shares of Barnwell Industries, Inc. (NYSE:BRN – Get Free Report) dropped 1.9% during mid-day trading on Tuesday . The company traded as low as $1.03 and last traded at $1.03. Approximately 23,596 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 509,323 shares. The stock had previously closed at $1.05.

Barnwell Industries Price Performance

The stock has a market capitalization of $15.33 million, a P/E ratio of -1.57 and a beta of -0.04. The stock has a 50 day moving average price of $1.10 and a 200-day moving average price of $1.11.

Hedge Funds Weigh In On Barnwell Industries

Large investors have recently made changes to their positions in the business. Aspen Grove Capital LLC bought a new stake in shares of Barnwell Industries during the fourth quarter valued at approximately $29,000. DRW Securities LLC bought a new position in Barnwell Industries during the 4th quarter valued at about $37,000. Renaissance Technologies LLC grew its stake in Barnwell Industries by 9.4% in the 1st quarter. Renaissance Technologies LLC now owns 323,713 shares of the company’s stock worth $350,000 after acquiring an additional 27,726 shares in the last quarter. Finally, JCP Investment Management LLC bought a new position in shares of Barnwell Industries during the first quarter valued at approximately $442,000. 40.71% of the stock is currently owned by hedge funds and other institutional investors.

Barnwell Industries Company Profile

(Get Free Report)

Barnwell Industries, Inc (NYSE: BRN) is an independent energy company headquartered in Houston, Texas. The company specializes in the acquisition, development and operation of onshore oil and natural gas properties. Its strategy centers on purchasing and managing producing assets that offer stable, cash‐flow characteristics in mature U.S. resource plays.

Barnwell’s core activities include the identification and evaluation of undervalued or under-drilled leases, followed by the implementation of low-cost development programs to enhance production.