Barnwell Industries
About: Barnwell Industries Inc is an oil and gas firm. Its areas of operations include acquiring, developing, producing, and selling oil and natural gas. The company acquires and develops crude oil and natural gas assets. The company's operating segment includes Oil and natural gas, Contract drilling, Land investment, and Others. It generates maximum revenue from the Oil and natural gas segment. It operates in two geographical segments the United States, which generates a majority of revenue, and Canada.
Employees: 28
0
Funds holding %
of 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
3% more capital invested
Capital invested by funds: $1.93M [Q4 2024] → $1.99M (+$61.6K) [Q1 2025]
0% more funds holding
Funds holding: 23 [Q4 2024] → 23 (+0) [Q1 2025]
0.48% less ownership
Funds ownership: 12.68% [Q4 2024] → 12.2% (-0.48%) [Q1 2025]
38% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 8
Research analyst outlook
We haven’t received any recent analyst ratings for BRN.
Financial journalist opinion
Based on 5 articles about BRN published over the past 30 days
Neutral
PRNewsWire
1 week ago
Barnwell Announces Second Adjournment of 2025 Annual Meeting Due to Ned Sherwood's Refusal to Submit Votes Solicited from Shareholders
HONOLULU , June 2, 2025 /PRNewswire/ -- Barnwell Industries, Inc. (NYSE American: BRN) ("Barnwell" or the "Company") today announced that its 2025 Annual Meeting of Shareholders, which reconvened today, has been adjourned to Tuesday, June 17, 2025. This is the second adjournment necessitated by the deliberate refusal of Ned Sherwood and his affiliates (collectively, the "Sherwood Group") to vote the proxies they actively solicited from Barnwell shareholders.
Neutral
PRNewsWire
2 weeks ago
Barnwell Shareholders Adjourn 2025 Annual Meeting Due to Ned Sherwood's Refusal to Submit Votes Solicited from Shareholders
HONOLULU , May 30, 2025 /PRNewswire/ -- Barnwell Industries, Inc. (NYSE American: BRN) ("Barnwell" or the "Company") today announced that its 2025 Annual Meeting of Shareholders, held yesterday, Thursday, May 29, 2025, has been adjourned to Monday, June 2, 2025. The adjournment was necessitated by the deliberate refusal of Ned Sherwood and his affiliates (collectively, the "Sherwood Group") to vote the proxies they actively and aggressively solicited from Barnwell shareholders.
Neutral
PRNewsWire
3 weeks ago
Barnwell Announces Delaware Court of Chancery Rules in Favor of Barnwell and its Board of Directors
Court Agrees Board Acted Reasonably to Reject Sherwood's Director Nominations for Failure to Comply with Bylaws Uncontested 2025 Annual Meeting to be Held as Scheduled on May 29, 2025 Alex Kinzler Informs Board of His Decision Not to Stand for Election at the 2025 Annual Meeting HONOLULU , May 22, 2025 /PRNewswire/ -- Barnwell Industries, Inc. (NYSE American: BRN) ("Barnwell" or the "Company") today announced that the Delaware Court of Chancery (the "Court") has ruled in favor of Barnwell and its Board of Directors in determining that the director nomination notice submitted by Ned Sherwood and certain of his affiliates (the "Sherwood Group") in connection with the Company's 2025 Annual Meeting of Stockholders was deficient and did not comply with the Company's bylaws. As a result, the Company will disqualify the Sherwood Group's nominees from standing for election at the 2025 Annual Meeting, which will be held as an uncontested election on its currently scheduled date of May 29, 2025.
Neutral
Newsfile Corp
3 weeks ago
Governance Spin Can't Hide Underperformance at Barnwell Industries, Inc.
Vero Beach, Florida--(Newsfile Corp. - May 19, 2025) - The Sherwood Group, a long-term and significant shareholder with approximately 29.90% of the issued and outstanding shares of Barnwell Industries, Inc. ("Barnwell", "BRN" or the "Company") today issued the following letter to Barnwell shareholders. Dear Barnwell Shareholders: In response to Barnwell Industries' (NYSE American: BRN) latest attempt to deflect attention from the Company's deteriorating financial position, the Sherwood Group urges shareholders to focus on what truly matters: results.
Neutral
PRNewsWire
4 weeks ago
Barnwell Industries Remains Committed to Sound Corporate Governance
Announces Glass Lewis - For the Second Time in Three Weeks - Rejected Yet Another Attempt by the Sherwood Group to Take Control of Barnwell Sets the Record Straight in Response to the Sherwood Group's Misleading Claims Company Welcomes Heather Isidoro to the Board HONOLULU , May 16, 2025 /PRNewswire/ -- Barnwell Industries, Inc. (NYSE American: BRN) ("Barnwell" or the "Company") today reiterated its commitment to serving the best interests of all shareholders, upholding governance best practices and creating value through its ongoing strategic execution around its Alberta energy assets, in response to continued misleading and inflammatory communications from Ned Sherwood and certain of his affiliates (the "Sherwood Group"). Over the past several months, the Sherwood Group has attempted to rewrite the history of its engagement with Barnwell, distorting facts, denying clear public records, and ignoring the fundamentals of governance and fiduciary responsibility.
Neutral
GlobeNewsWire
1 month ago
Barnwell Industries, Inc. Reports Results for its Second Quarter Ended March 31, 2025
HONOLULU, May 15, 2025 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) today reported financial results for its second quarter ended March 31, 2025. For the quarter, the Company had revenue from continuing operations of $3,569,000 and a net loss from continuing operations of $1,538,000 or $0.15 per share. In the prior year quarter ended March 31, 2024, the Company reported quarterly revenue from continuing operations of $4,678,000 and a net loss from continuing operations of $1,306,000 or $0.13 per share.
Neutral
PRNewsWire
1 month ago
Barnwell Industries Shareholders Reject Ned Sherwood's Attempt to Take Full Control of the Company
Announces Preliminary Results of Consent Solicitation HONOLULU , May 14, 2025 /PRNewswire/ -- Barnwell Industries, Inc. (NYSE American: BRN) ("Barnwell" or the "Company") today announced that, based on preliminary results from the Company's proxy solicitor, Barnwell shareholders have rejected the attempt by Ned Sherwood and certain of his affiliates (the "Sherwood Group") to remove and replace the entire Barnwell Board of Directors. While preliminary results indicate that shareholders consented to remove directors Alexander Kinzler and former Sherwood Group nominee Douglas Woodrum, and to elect Sherwood Group nominee Heather Isidoro, the Sherwood Group failed to elect a majority of the Board.
Neutral
PRNewsWire
1 month ago
Barnwell Industries Urges Shareholders to Vote in Accordance with ISS Recommendation and Reject Ned Sherwood's Attempt to Take Over the Company
HONOLULU , May 12, 2025 /PRNewswire/ -- Barnwell Industries, Inc. (NYSE American: BRN) ("Barnwell" or the "Company") today urged shareholders to follow the recommendation by leading proxy advisory firm Institutional Shareholder Services Inc. ("ISS") in its May 7, 2025, report in which it recommended just one candidate, Heather Isidoro, from the slate put forward by Ned Sherwood and his affiliates (the "Sherwood Group"). In its report, ISS stated1: As such, votes on the dissident card for the removal of [Alex] Kinzler, and against the removal of Kenneth Grossman, Joshua Horowitz, and Douglas Woodrum are warranted; as is support for dissident nominee Isidoro, and votes against dissident nominees James Cornell, Stuart Oran, Sherwood, and Gregory Sullivan.
Neutral
Newsfile Corp
1 month ago
Barnwell Industries Claims Open to Resolution - All Talk, No Action
Vero Beach, Florida--(Newsfile Corp. - May 1, 2025) - The Sherwood Group, a long-term and significant shareholder with approximately 29.90% of the issued and outstanding shares of Barnwell Industries, Inc. ("Barnwell" or "BRN") today issued the following letter to Barnwell shareholders: Dear Barnwell Shareholders: To set the record straight, the Sherwood Group has made repeated efforts to work constructively with this management team. Over the last four years, the Sherwood Group has entered into two separate cooperation agreements and offered strategic recommendations aimed at strengthening the business, improving operational efficiency, and reducing costs.
Neutral
PRNewsWire
1 month ago
Barnwell Industries Reiterates Willingness to Amicably Resolve Proxy Contest with Ned Sherwood
Focused on Moving Forward without Further Distraction to Drive Value for ALL Shareholders HONOLULU , April 30, 2025 /PRNewswire/ -- Barnwell Industries, Inc. (NYSE American: BRN) ("Barnwell" or the "Company") today issued the following statement in response to recent developments in the proxy contest initiated by Ned Sherwood and his affiliated entities. Barnwell is pleased that Glass Lewis & Co., a leading independent proxy advisory firm, has declared the removal of all three of the Company's highly qualified incumbent director nominees — Alexander C.
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