Barnwell Industries, Inc. (NYSE:BRN) Major Shareholder Ned L. Sherwood Buys 17,048 Shares of Stock

Barnwell Industries, Inc. (NYSE:BRN) major shareholder Ned L. Sherwood bought 17,048 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was bought 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 directly owns 2,687,025 shares of the company’s stock, valued at approximately $7,281,837.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Barnwell Industries Trading Up 1.4 %

Shares of NYSE BRN opened at $2.95 on Friday. Barnwell Industries, Inc. has a twelve month low of $2.06 and a twelve month high of $2.99. The firm has a 50-day moving average of $2.45 and a two-hundred day moving average of $2.46. The company has a market capitalization of $29.68 million, a price-to-earnings ratio of -10.93 and a beta of 0.19.

Barnwell Industries (NYSE:BRN) last released its earnings results on Monday, February 12th. The company reported ($0.07) EPS for the quarter. The business had revenue of $6.16 million for 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

BRN has been the topic of several recent research reports. StockNews.com began coverage on shares of Barnwell Industries in a research report on Wednesday. They issued a “hold” rating on the stock. TheStreet downgraded shares of Barnwell Industries from a “c” rating to a “d+” rating in a report on Thursday, March 14th.

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.