New Concept Energy (NYSE:GBR) Receives New Coverage from Analysts at StockNews.com

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

New Concept Energy Price Performance

GBR stock opened at $1.20 on Friday. The business has a 50-day moving average price of $1.40 and a 200 day moving average price of $1.33. The company has a market capitalization of $6.16 million, a P/E ratio of -40.00 and a beta of 0.30. New Concept Energy has a 1-year low of $0.95 and a 1-year high of $1.82.

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

Insider Activity at New Concept Energy

In other New Concept Energy news, major shareholder Realty Advisors Inc sold 250,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1.30, for a total value of $325,000.00. Following the completion of the transaction, the insider now directly owns 1,144,934 shares of the company’s stock, valued at $1,488,414.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in New Concept Energy stock. PFG Investments LLC boosted its position in shares of New Concept Energy, Inc. (NYSE:GBR) by 69.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (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 at the end of the most recent quarter.

About New Concept Energy

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.