StockNews.com analysts began reporting on shares of New Concept Energy (NYSE:GBR – Get Free Report) in a report released Saturday. The brokerage set a “sell” rating on the stock.

New Concept Energy stock performance

Shares of New Concept Energy opened at $1.57 on Friday. The company’s 50-day simple moving average is $1.51 and its 200-day simple moving average is $1.23. New Concept Energy has a 12-month low of $0.95 and a 12-month high of $1.82.

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

Hedge funds weigh in on new energy concept

A hedge fund recently purchased a new stake in shares of New Concept Energy. PFG Investments LLC bought a new stake in shares of New Concept Energy, Inc. (NYSE:GBR – Free Report) in the first quarter, according to the company’s most recent filing with the Securities & Exchange Commission. The company bought 90,200 shares of the company’s stock, valued at approximately $95,000.

Company Profile of New Concept Energy

(Get free report)

New Concept Energy, Inc. is engaged in real estate leasing. The company owns approximately 190 acres of land in Parkersburg West Virginia. It also provides consulting 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.

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