New Concept Energy (NYSE:GBR) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com began coverage on shares of New Concept Energy (NYSE:GBR) in a research note issued on Saturday. The firm set a “sell” rating on the stock.

New Concept Energy Stock Down 3.7 %

Shares of GBR opened at $1.56 on Friday. New Concept Energy has a fifty-two week low of $0.95 and a fifty-two week high of $1.82. The firm’s 50 day moving average price is $1.51 and its 200 day moving average price is $1.24.

New Concept Energy (NYSE:GBR) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $0.04 million for the quarter. New Concept Energy had a negative return on equity of 0.79% and a negative net margin of 25.17%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in New Concept Energy stock. PFG Investments LLC acquired a new stake in New Concept Energy, Inc. (NYSE:GBR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 90,200 shares of the company’s stock, valued at approximately $95,000.

New Concept Energy Company Profile

New Concept Energy, Inc engages in real estate rental business. The company owns approximately 190 acres of land located in Parkersburg West Virginia. It also provides advisory and management services for an independent oil and gas company. The company was formerly known as CabelTel International Corporation and changed its name to New Concept Energy, Inc in May 2008.