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

Barnwell Industries, Inc. (NYSE:BRN) major shareholder Ned L. Sherwood bought 17,048 shares of Barnwell Industries stock in a transaction on Wednesday, April 24th. The stock was purchased at an average price of $2.71 per share, for a total transaction of $46,200.08. Following the completion of the acquisition, the insider now owns 2,687,025 shares in the company, valued at approximately $7,281,837.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Barnwell Industries Stock Up 1.4 %

Shares of BRN stock traded up $0.04 during mid-day trading on Friday, reaching $2.95. 62,169 shares of the company were exchanged, compared to its average volume of 18,098. The business’s 50 day simple moving average is $2.44 and its 200 day simple moving average is $2.46. Barnwell Industries, Inc. has a fifty-two week low of $2.06 and a fifty-two week high of $2.99.

Barnwell Industries (NYSE:BRN) last posted its earnings results on Monday, February 12th. The company reported ($0.07) earnings per share (EPS) for the quarter. The company 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%.

Wall Street Analysts Forecast Growth

BRN has been the topic of several recent analyst reports. StockNews.com initiated coverage on shares of Barnwell Industries in a report on Wednesday. They set a “hold” rating on the stock. 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.