Barnwell Industries, Inc. (NYSE:BRN - Get Free Report) major shareholder Ned L. Sherwood purchased 5,011 shares of the business's stock in a transaction that occurred on Friday, April 19th. The stock was acquired at an average price of $2.80 per share, with a total value of $14,030.80. Following the purchase, the insider now owns 2,667,277 shares in the company, valued at $7,468,375.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
Barnwell Industries Trading Up 3.2 %
Shares of Barnwell Industries stock opened at $2.92 on Tuesday. Barnwell Industries, Inc. has a twelve month low of $2.06 and a twelve month high of $2.95. The firm has a market capitalization of $29.36 million, a PE ratio of -10.81 and a beta of 0.19. The firm's 50-day moving average price is $2.40 and its 200 day moving average price is $2.45.
Barnwell Industries (NYSE:BRN - Get Free Report) last released its earnings results on Monday, February 12th. The company reported ($0.07) earnings per share for the quarter. Barnwell Industries had a negative net margin of 11.35% and a negative return on equity of 14.70%. The firm had revenue of $6.16 million during the quarter.
Analysts Set New Price Targets
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Several analysts have commented on the company. TheStreet lowered Barnwell Industries from a "c" rating to a "d+" rating in a report on Thursday, March 14th. StockNews.com began coverage on shares of Barnwell Industries in a report on Tuesday, April 16th. They issued a "hold" rating for the company.
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About Barnwell Industries
(
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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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