Barnwell Industries, Inc. (NYSE:BRN – Get Free Report) major shareholder Ned L. Sherwood bought 17,048 shares of the firm’s stock in a transaction on Wednesday, April 24th. The shares were bought at an average cost of $2.71 per share, for a total transaction of $46,200.08. Following the purchase, the insider now owns 2,687,025 shares of the company’s stock, valued at approximately $7,281,837.75. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Barnwell Industries Price Performance
Shares of NYSE:BRN traded up $0.04 during mid-day trading on Friday, reaching $2.95. 62,169 shares of the company’s stock were exchanged, compared to its average volume of 18,098. The business’s fifty day moving average price is $2.44 and its 200-day moving average price is $2.46. Barnwell Industries, Inc. has a twelve month low of $2.06 and a twelve month high of $2.99.
Barnwell Industries (NYSE:BRN – Get Free Report) last released its earnings results on Monday, February 12th. The company reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $6.16 million during the quarter. Barnwell Industries had a negative net margin of 11.35% and a negative return on equity of 14.70%.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on BRN
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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