November 18, 2016 - By Vivian Park · 0 Comments
Barnwell Industries Inc (NYSEMKT:BRN) institutional sentiment increased to 1 in Q2 2016. Its up 0.25, from 0.75 in 2016Q1. The ratio improved, as 3 active investment managers increased or started new stock positions, while 4 sold and decreased stock positions in Barnwell Industries Inc. The active investment managers in our partner’s database now hold: 800,104 shares, down from 813,392 shares in 2016Q1. Also, the number of active investment managers holding Barnwell Industries Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 2 Increased: 3 New Position: 0.
Barnwell Industries, Inc. is engaged in the acquisition and development of oil and natural gas properties. The company has a market cap of $12.72 million. The Company’s four principal divisions are Oil and Natural Gas Segment, Land Investment Segment, Contract Drilling Segment and Residential Real Estate Segment. It has a 24.18 P/E ratio. The Company’s Oil and Natural segment is engaged in oil and natural gas development, acquisitions and sales in Canada.
About 5,216 shares traded hands or 24.43% up from the average. Barnwell Industries, Inc. (NYSEMKT:BRN) has declined 6.63% since April 18, 2016 and is downtrending. It has underperformed by 11.06% the S&P500.
Analysts await Barnwell Industries, Inc. (NYSEMKT:BRN) to report earnings on December, 21.
According to Zacks Investment Research, “BARNWELL INDUSTRIES is engaged in oil and natural gas exploration, development, production and sales in Canada and the United States, investment in leasehold land in Hawaii, and water well drilling and water pumping system installation and repair in Hawaii. Additionally, they provide contract labor for the drilling and workovers of geothermal wells. Their oil and natural gas activities comprises its largest business segment. The other business segment is land investment activities and contract drilling activities.”
Acadian Asset Management Llc holds 0% of its portfolio in Barnwell Industries, Inc. for 2,267 shares. Bank Of America Corp De owns 182 shares or 0% of their US portfolio. Moreover, Bank Of New York Mellon Corp has 0% invested in the company for 13,003 shares. The Delaware-based Blackrock Advisors Llc has invested 0% in the stock. Blackrock Fund Advisors, a California-based fund reported 690 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 10 insider buys, and 0 selling transactions for $24,000 net activity.
Barnwell Industries, Inc., incorporated on December 5, 1956, is engaged in the acquisition and development of oil and natural gas properties. The Company’s four principal divisions are Oil and Natural Gas Segment, Land Investment Segment, Contract Drilling Segment and Residential Real Estate Segment. The Company’s Oil and Natural segment is engaged in oil and natural gas development, acquisitions and sales in Canada. The Company’s Land Investment Segment invests in land interests in Hawaii. The Company’s Contract Drilling Segment provides well drilling services and water pumping system installation and repairs in Hawaii. The Company’s Residential Real Estate segment develops homes for sale in Hawaii.
More notable recent Barnwell Industries, Inc. (NYSEMKT:BRN) news were published by: Seekingalpha.com which released: “Barnwell Industries: Could Double With An SG&A Cut” on September 15, 2016, also Prnewswire.com with their article: “Barnwell Industries, Inc.’s Largest Independent Stockholder Recommends …” published on March 03, 2016, Streetinsider.com published: “Form 4 BARNWELL INDUSTRIES INC For: Nov 09 Filed by: Inglima Robert J. Jr.” on November 14, 2016. More interesting news about Barnwell Industries, Inc. (NYSEMKT:BRN) were released by: Seekingalpha.com and their article: “Barnwell Industries: A Case Of Hawaii Five-0 On Sale For 3.5 (BRN)” published on December 23, 2014 as well as Seekingalpha.com‘s news article titled: “A Bright Future for Barnwell Industries” with publication date: January 21, 2011.
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By Vivian Park