Barnwell Announces Asset Sale and Provides Update on Its Oil and Gas Operations in the Current Low Commodity Price Environment
Barnwell Industries, Inc. (BRN)
NASDAQ:AMEX Investor Relations:
brninc.com
Company Research
Source: Business Wire
HONOLULU--(BUSINESS WIRE)--Barnwell Industries, Inc. (“Barnwell” or the “Company”) (NYSE American: BRN) is pleased to provide a business update, including announcing that its wholly-owned contract water well drilling subsidiary closed on the sale of its leasehold interest in a maintenance yard in Honolulu, Hawaii to an unrelated third party for a $1,100,000 cash payment. The Company will recognize a gain on the transaction in its second quarter ended March 31, 2020. Additionally, given the current uncertain market conditions, the Company has been assessing, and implementing where appropriate, ways to alleviate strain on the Company.Mr. Alexander C. Kinzler, Chief Executive Officer of Barnwell, commented, “As a result of the unprecedented contraction of global oil demand combined with the price war between OPEC and Russia, we are evaluating additional measures to be taken with respect to our oil and gas properties. Because of the extreme uncertainty of the current situation and the
Show less
Read more
Impact Snapshot
Event Time:
BRN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BRN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BRN alerts
High impacting Barnwell Industries, Inc. news events
Weekly update
A roundup of the hottest topics
BRN
News
- Barnwell Industries, Inc. (NYSE: BRN) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Barnwell Industries, Inc. (NYSE: BRN) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Barnwell Industries, Inc. (NYSE: BRN) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Barnwell Industries, Inc. (NYSE: BRN) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Barnwell Industries, Inc. (NYSE: BRN) was downgraded by analysts at TheStreet from a "c" rating to a "d+" rating.MarketBeat
BRN
Analyst Actions
- 3/15/24 - TheStreet
BRN
Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form SC
- 4/22/24 - Form 4
- BRN's page on the SEC website