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

StockNews.com began coverage on shares of New Concept Energy (NYSE:GBR) in a research note published on Wednesday morning. The brokerage issued a sell rating on the stock.

New Concept Energy Price Performance

Shares of GBR stock opened at $1.19 on Wednesday. New Concept Energy has a 12-month low of $0.95 and a 12-month high of $1.82. The firm has a market capitalization of $6.08 million, a price-to-earnings ratio of -39.50 and a beta of 0.30. The business has a 50 day simple moving average of $1.25 and a 200 day simple moving average of $1.35.

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

Insiders Place Their Bets

In other New Concept Energy news, major shareholder Realty Advisors Inc sold 250,000 shares of the company’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 sale, the insider now directly owns 1,144,934 shares in the company, valued at $1,488,414.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On New Concept Energy

An institutional investor recently raised its position in New Concept Energy stock. PFG Investments LLC raised its position in shares of New Concept Energy, Inc. (NYSE:GBR) by 69.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 152,600 shares of the company’s stock after purchasing 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.

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.