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

Analysts at StockNews.com started coverage on shares of New Concept Energy (NYSE:GBR) in a note issued to investors on Thursday. The brokerage set a “sell” rating on the stock.

New Concept Energy Stock Performance

GBR stock opened at $1.71 on Thursday. New Concept Energy has a 1-year low of $0.95 and a 1-year high of $1.82. The business has a fifty day moving average price of $1.42 and a 200-day moving average price of $1.19.

New Concept Energy (NYSE:GBR) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.01 earnings per share for the quarter. New Concept Energy had a negative return on equity of 0.79% and a negative net margin of 25.17%. The firm had revenue of $0.04 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in New Concept Energy stock. PFG Investments LLC acquired a new stake in shares of New Concept Energy, Inc. (NYSE:GBR) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 90,200 shares of the company’s stock, valued at approximately $95,000.

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.