New Concept Energy (NYSE:GBR) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of New Concept Energy (NYSE:GBRFree Report) in a research report sent to investors on Monday morning. The firm issued a sell rating on the stock.

New Concept Energy Price Performance

GBR stock opened at $1.29 on Monday. The stock has a market capitalization of $6.62 million, a P/E ratio of -40.33 and a beta of 0.30. New Concept Energy has a fifty-two week low of $0.95 and a fifty-two week high of $1.82. The business has a 50-day moving average of $1.28 and a 200-day moving average of $1.34.

New Concept Energy (NYSE:GBRGet Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.01 EPS for the quarter. The firm had revenue of $0.04 million for the quarter. New Concept Energy had a negative net margin of 18.62% and a negative return on equity of 0.59%.

Insiders Place Their Bets

In related news, major shareholder Realty Advisors Inc sold 250,000 shares of New Concept Energy stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $1.30, for a total transaction of $325,000.00. Following the completion of the transaction, the insider now owns 1,144,934 shares in the company, valued at $1,488,414.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On New Concept Energy

An institutional investor recently raised its position in New Concept Energy stock. PFG Investments LLC grew its holdings in New Concept Energy, Inc. (NYSE:GBRFree Report) by 69.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 152,600 shares of the company’s stock after acquiring an additional 62,400 shares during the quarter. PFG Investments LLC owned 2.97% of New Concept Energy worth $244,000 as of its most recent SEC filing.

New Concept Energy Company Profile

(Get Free Report)

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.

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