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 released on Monday. The brokerage issued a sell rating on the stock.

New Concept Energy Stock Performance

Shares of GBR opened at $1.21 on Monday. New Concept Energy has a 1 year low of $0.95 and a 1 year high of $1.82. The company has a market cap of $6.21 million, a price-to-earnings ratio of -40.33 and a beta of 0.30. The firm has a fifty day moving average of $1.29 and a 200-day moving average of $1.34.

New Concept Energy (NYSE:GBR) last announced 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 company had revenue of $0.04 million during the quarter.

Insider Activity

In other news, major shareholder Realty Advisors Inc sold 250,000 shares of the business’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 completion of the transaction, the insider now 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 SEC, which is accessible through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On New Concept Energy

An institutional investor recently raised its position in New Concept Energy stock. PFG Investments LLC increased its stake in New Concept Energy, Inc. (NYSE:GBR) by 69.2% in the 2nd quarter, according to its most recent Form 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 about 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.