Barnwell Industries (NYSEAMERICAN:BRN) Stock Passes Above 50-Day Moving Average of $0.00

Barnwell Industries, Inc. (NYSEAMERICAN:BRNGet Rating) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $0.00 and traded as high as $3.12. Barnwell Industries shares last traded at $3.05, with a volume of 43,560 shares changing hands.

Analysts Set New Price Targets

Separately, TheStreet raised shares of Barnwell Industries from a “c+” rating to a “b-” rating in a report on Tuesday, August 30th.

Barnwell Industries Trading Down 7.6 %

The company has a market cap of $27.98 million, a PE ratio of 3.90 and a beta of 0.60.

Barnwell Industries (NYSEAMERICAN:BRNGet Rating) last posted its earnings results on Friday, August 12th. The energy company reported $0.25 earnings per share for the quarter. The business had revenue of $8.03 million during the quarter. Barnwell Industries had a return on equity of 244.31% and a net margin of 34.52%.

Barnwell Industries Announces Dividend

The company also recently announced a — dividend, which was paid on Tuesday, September 6th. Investors of record on Tuesday, August 23rd were paid a $0.015 dividend. The ex-dividend date of this dividend was Monday, August 22nd. Barnwell Industries’s payout ratio is 8.33%.

Insider Buying and Selling at Barnwell Industries

In related news, major shareholder Ned L. Sherwood purchased 61,366 shares of the firm’s stock in a transaction on Monday, August 15th. The stock was purchased at an average price of $2.91 per share, for a total transaction of $178,575.06. Following the acquisition, the insider now directly owns 1,643,932 shares in the company, valued at $4,783,842.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 75,590 shares of company stock worth $220,580 in the last 90 days. 13.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC purchased a new position in shares of Barnwell Industries in the fourth quarter worth approximately $48,000. Dimensional Fund Advisors LP bought a new stake in Barnwell Industries in the first quarter worth $78,000. Finally, Renaissance Technologies LLC raised its holdings in Barnwell Industries by 15.0% during the first quarter. Renaissance Technologies LLC now owns 637,622 shares of the energy company’s stock valued at $1,639,000 after buying an additional 83,286 shares in the last quarter. 8.56% of the stock is owned by institutional investors and hedge funds.

Barnwell Industries Company Profile

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Barnwell Industries, Inc acquires, develops, produces, and sells oil and natural gas in Canada. It operates through three segments: Oil and Natural Gas, Land Investment, and Contract Drilling. The company acquires and develops crude and natural gas assets in the province of Alberta; and invests in land interests in Hawaii.

Further Reading

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