BRN Stock Summary and Trading Ideas (Barnwell Industries | AMEX:BRN)

Barnwell Industries Inc is an oil and gas firm. Its areas of operations include acquiring, developing, producing, and selling oil and natural gas. The company acquires and develops crude oil and natural gas assets. The company's operating segment includes Oil and natural gas, Contract drilling, Land investment, and Others. It generates maximum revenue from the Oil and natural gas segment. It operates in two geographical segments the United States, which generates a majority of revenue, and Canada.

Barnwell Industries trades on the AMEX stock market under the symbol BRN.

As of May 3, 2024, BRN stock price declined to $2.67 with 9,652 million shares trading.

BRN has a beta of -0.18, meaning it tends to be less sensitive to market movements. BRN has a correlation of 0.00 to the broad based SPY ETF.

BRN has a market cap of $26.85 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, BRN stock traded as high as $6.38 and as low as $1.89.

The top ETF exchange traded funds that BRN belongs to (by Net Assets): VTI, VXF, BSVO, DFAC, DCOR.

BRN has underperformed the market in the last year with a price return of +1.5% while the SPY ETF gained +27.0%. However, in the short term, BRN had mixed performance relative to the market. It has outperformed in the last 3 months, returning +6.8% vs +3.7% return in SPY. But in the last 2 weeks, BRN shares have been beat by the market, returning -5.7% compared to an SPY return of +3.3%.

BRN support price is $2.70 and resistance is $2.93 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BRN stock will trade within this expected range on the day.