StockNews.com began coverage on shares of Barnwell Industries (NYSE:BRN – Free Report) in a research report report published on Wednesday. The firm issued a hold rating on the stock.
Separately, TheStreet lowered Barnwell Industries from a c rating to a d+ rating in a research note on Thursday, March 14th.
View Our Latest Report on Barnwell Industries
Barnwell Industries Stock Up 1.4 %
Barnwell Industries (NYSE:BRN – Get Free Report) last announced its quarterly earnings results on Monday, February 12th. The company reported ($0.07) EPS for the quarter. The firm had revenue of $6.16 million for the quarter. Barnwell Industries had a negative return on equity of 14.70% and a negative net margin of 11.35%.
Insider Activity
In related news, major shareholder Ned L. Sherwood bought 17,048 shares of the stock in a transaction dated Wednesday, April 24th. The stock was acquired at an average price of $2.71 per share, for a total transaction of $46,200.08. Following the completion of the purchase, the insider now owns 2,687,025 shares in the company, valued at $7,281,837.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Barnwell Industries news, major shareholder Ned L. Sherwood acquired 10,650 shares of the stock in a transaction on 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 purchase, the insider now directly owns 2,617,827 shares in the company, valued at $7,277,559.06. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Ned L. Sherwood acquired 17,048 shares of the stock in a transaction on Wednesday, April 24th. The shares were acquired at an average price of $2.71 per share, with a total value of $46,200.08. Following the purchase, the insider now owns 2,687,025 shares in the company, valued at $7,281,837.75. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 109,870 shares of company stock worth $295,039. 17.60% of the stock is currently owned by corporate 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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