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Why Barnwell Industries Stock Is Trading Higher Today

Barnwell Industries (NYSE: BRN) shares are trading higher after the company reported second-quarter EPS and sales results up from last year.

Benzinga · -

Barnwell Industries (NYSE:BRN) shares are trading higher after the company reported second-quarter EPS and sales results up from last year.

Barnwell’s EPS was $(0.18), up from $(0.26) from the same quarter last year. The company’s sales were $4.58 million, up from $2.96 million in the same quarter last year.

Barnwell Industries is an oil and gas firm. Its areas of operations include acquiring, developing, producing and selling oil and natural gas. Geographically, it derives a majority of revenue from Canada.

Barnwell Industries was trading 96.28% higher at $1.53 at time of publication on Tuesday. The stock has a 52-week high of $2.68 and a 52-week low of $0.30.