New Concept Energy (NYSE:GBR) Earns Sell Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of New Concept Energy (NYSE:GBR) in a research report report published on Friday morning. The firm issued a sell rating on the stock.

New Concept Energy Price Performance

Shares of NYSE:GBR opened at $1.16 on Friday. The company’s fifty day moving average is $1.20 and its two-hundred day moving average is $1.36. New Concept Energy has a 12-month low of $0.95 and a 12-month high of $1.82.

New Concept Energy (NYSE:GBR) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.01 earnings per share (EPS) for the quarter. New Concept Energy had a negative net margin of 18.62% and a negative return on equity of 0.59%. The business had revenue of $0.04 million during the quarter.

Insider Activity at New Concept Energy

In other news, major shareholder Realty Advisors Inc sold 250,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1.30, for a total transaction of $325,000.00. Following the transaction, the insider now owns 1,144,934 shares in the company, valued at approximately $1,488,414.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On New Concept Energy

An institutional investor recently raised its position in New Concept Energy stock. PFG Investments LLC lifted its holdings in shares of New Concept Energy, Inc. (NYSE:GBR) by 69.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 152,600 shares of the company’s stock after acquiring an additional 62,400 shares during the period. PFG Investments LLC owned approximately 2.97% of New Concept Energy worth $244,000 as of its most recent filing with the SEC.

New Concept Energy Company Profile

New Concept Energy, Inc engages in real estate rental business. The company owns approximately 190 acres of land located in Parkersburg West Virginia. It also provides advisory and management services for an independent oil and gas company. The company was formerly known as CabelTel International Corporation and changed its name to New Concept Energy, Inc in May 2008.