Wall Street Zen Initiates Coverage on Barnwell Industries (NYSE:BRN)

Equities researchers at Wall Street Zen started coverage on shares of Barnwell Industries (NYSE:BRN) in a report released on Wednesday. The brokerage set a “hold” rating on the stock.

Barnwell Industries Price Performance

Shares of NYSE:BRN opened at $1.27 on Wednesday. Barnwell Industries has a fifty-two week low of $1.20 and a fifty-two week high of $3.20. The business has a 50-day moving average of $1.44 and a two-hundred day moving average of $1.59. The stock has a market capitalization of $12.72 million, a P/E ratio of -1.86 and a beta of -0.30.

About Barnwell Industries

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.