Barnwell Industries, Inc. (NYSE:BRN) Major Shareholder Ned L. Sherwood Buys 6,524 Shares

Barnwell Industries, Inc. (NYSE:BRN) major shareholder Ned L. Sherwood bought 6,524 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were acquired at an average price of $2.79 per share, with a total value of $18,201.96. Following the completion of the transaction, the insider now directly owns 2,714,825 shares of the company’s stock, valued at $7,574,361.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Barnwell Industries Stock Performance

Shares of BRN stock remained flat at $2.85 on Wednesday. 12,097 shares of the stock were exchanged, compared to its average volume of 17,597. The company has a market cap of $28.62 million, a P/E ratio of -10.63 and a beta of 0.15. The firm has a 50-day moving average of $2.53 and a 200-day moving average of $2.47. Barnwell Industries, Inc. has a twelve month low of $2.06 and a twelve month high of $2.99.

Barnwell Industries (NYSE:BRN) last announced its quarterly earnings data on Monday, February 12th. The company reported ($0.07) earnings per share (EPS) for the quarter. Barnwell Industries had a negative net margin of 11.35% and a negative return on equity of 14.70%. The business had revenue of $6.16 million for the quarter.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Barnwell Industries in a research report on Thursday, May 2nd. They issued a “hold” rating for the company. TheStreet downgraded shares of Barnwell Industries from a “c” rating to a “d+” rating in a research 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.