Streetbeat News

BRN

Barnwell Industries, Inc.

https://www.brninc.com

Industry

Oil & Gas Exploration & Production

Barnwell Industries, Inc. acquires, develops, produces, and sells oil and natural gas in Canada. It operates through three segments: Oil and Natural Gas, Land Investment, and Contract Drilling. The company acquires and develops crude and natural gas assets in the province of Alberta; and invests in land interests in Hawaii. It also owns and operates five water well drilling rigs, two pump rigs, and other ancillary drilling and pump equipment; drills water and water monitoring wells of varying depths; installs and repairs water pumping systems; and distributes trillium flow technologies. Barnwell Industries, Inc. was incorporated in 1956 and is headquartered in Honolulu, Hawaii.

Open

1.80

Mkt cap

17M

Volume

2.2K

High

1.80

P/E Ratio

-2.54

52-wk high

3.20

Low

1.73

Div yield

N/A

52-wk low

1.26

Insiders at Barnwell Industries, IZEA Worldwide, and Earth Science Tech have recently made significant stock purchases. These transactions indicate insider confidence in these companies, despite varied recent news such as Barnwell's CEO succession, IZEA's disappointing quarterly results, and Earth Science Tech's stock repurchase program.

Portfolio Pulse from Avi Kapoor

April 29, 2024 | 10:41 am

Insiders at Barnwell Industries, Mobile Infrastructure Corporation, and Galectin Therapeutics have recently made significant stock purchases. These transactions indicate insider confidence in the companies' prospects. Barnwell Industries announced a CEO succession, Mobile Infrastructure is set to release Q1 2024 earnings, and Galectin Therapeutics received a buy rating with a maintained price target from HC Wainwright & Co.

Portfolio Pulse from Avi Kapoor

April 23, 2024 | 10:53 am

Barnwell Industries announces a leadership transition with CEO and President Alexander Kinzler passing the roles to Craig Hopkins on April 1, 2024. Kinzler will become Executive Chairman and currently owns 9.2% of the company's shares, with relatives owning about 4%.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 11:03 am

Barnwell Industries (AMEX:BRN) reported a Q1 EPS of $(0.07), a significant decrease from $0.11 YoY. Sales also fell to $6.16M from $7.51M YoY, marking an 18.05% decline.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 11:05 am

West Maui has terminated the purchase agreement with Barnwell Industries according to a notice sent by the law firm representing West Maui, as disclosed in an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:29 pm

Barnwell Industries (AMEX:BRN) reported Q4 earnings with an EPS of $(0.01), which is unchanged from the previous year. However, sales decreased by 18.37% to $6.84M from $8.38M in the same quarter last year.

Portfolio Pulse from Happy Mohamed

December 16, 2023 | 11:44 pm

Barnwell Industries has entered into an agreement to sell its subsidiary Water Resources International for gross proceeds of $2 million. This transaction is part of Barnwell's strategic initiatives to optimize its asset portfolio.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 11:03 am

Insiders have recently bought shares in four penny stocks: Butler National Corporation (OTC:BUKS), Blend Labs, Inc. (NYSE:BLND), Tecogen Inc. (OTC:TGEN), and Barnwell Industries, Inc. (NYSE:BRN). Butler National disclosed the acquisition of KC Machine, Blend announced an integration with MeridianLink, Tecogen signed a $1.5 million Credit Agreement, and Barnwell Industries reported a net loss of $717,000.

Portfolio Pulse from Lisa Levin

October 18, 2023 | 12:34 pm

Insiders at four companies have recently made significant purchases of their own stocks. These include Barnwell Industries (BRN), Cadrenal Therapeutics (CVKD), BrightRock Gold (BRGC), and Martin Midstream Partners (MMLP). The purchases indicate the insiders' confidence in their companies' prospects.

Portfolio Pulse from Lisa Levin

September 06, 2023 | 1:25 pm

Barnwell Industries (AMEX:BRN) has announced a quarterly dividend of 1.5 cents per share. The stock will go ex-dividend on Wednesday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on September 11, 2023.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 2:45 pm

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