Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) Raised to Buy at Johnson Rice

Key Points

• Johnson Rice upgraded BSIN from “accumulate” to “buy” and set a $2.00 price target, implying approximately 39.9% upside from the reported $1.43 share price.
• Analyst sentiment remains mixed: the stock has an average “hold” rating and a consensus price target of $2.75, based on two buy ratings, one hold, and one sell rating.
• In its latest quarter, the company reported an adjusted loss of $0.04 per share and revenue of $2.13 million, beating analyst estimates, though it continued to post negative profitability metrics and analysts expect a full-year loss.

Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN - Get Free Report) was upgraded by investment analysts at Johnson Rice from an "accumulate" rating to a "buy" rating in a research report issued on Monday,Benzinga reports. The firm presently has a $2.00 target price on the energy company's stock. Johnson Rice's price objective would suggest a potential upside of 39.86% from the stock's current price.

Several other analysts have also issued reports on the stock. Weiss Ratings upgraded shares of Big Sky Industrial Inc. Common Stock from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, June 30th. Wall Street Zen raised shares of Big Sky Industrial Inc. Common Stock from a "strong sell" rating to a "sell" rating in a report on Saturday, May 9th. Finally, Zacks Research raised shares of Big Sky Industrial Inc. Common Stock from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $2.75.

Big Sky Industrial Inc. Common Stock Stock Performance

BSIN opened at $1.43 on Monday. The company has a fifty day moving average price of $1.16 and a two-hundred day moving average price of $1.05. Big Sky Industrial Inc. Common Stock has a 1-year low of $0.66 and a 1-year high of $1.52. The company has a market cap of $74.82 million, a P/E ratio of -5.11 and a beta of 0.74. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.12.

Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN - Get Free Report) last issued its earnings results on Tuesday, August 11th. The energy company reported ($0.04) earnings per share for the quarter, topping analysts' consensus estimates of ($0.05) by $0.01. The company had revenue of $2.13 million for the quarter, compared to analyst estimates of $2.04 million. Big Sky Industrial Inc. Common Stock had a negative return on equity of 34.42% and a negative net margin of 156.23%. Analysts predict that Big Sky Industrial Inc. Common Stock will post -0.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Big Sky Industrial Inc. Common Stock

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Thompson Davis & CO. Inc. bought a new position in shares of Big Sky Industrial Inc. Common Stock during the first quarter valued at $71,000. Two Sigma Investments LP purchased a new position in Big Sky Industrial Inc. Common Stock in the 3rd quarter worth about $54,000. United Asset Strategies Inc. bought a new position in Big Sky Industrial Inc. Common Stock during the 4th quarter valued at about $27,000. Citadel Advisors LLC bought a new stake in shares of Big Sky Industrial Inc. Common Stock in the third quarter worth approximately $26,000. Finally, XTX Topco Ltd raised its holdings in shares of Big Sky Industrial Inc. Common Stock by 61.5% during the second quarter. XTX Topco Ltd now owns 44,841 shares of the energy company's stock valued at $63,000 after purchasing an additional 17,080 shares during the last quarter. 3.00% of the stock is owned by institutional investors.

Big Sky Industrial Inc. Common Stock Company Profile

U.S. Energy Corp. NASDAQ: USEG is an independent oil and natural gas exploration and production company that acquires, develops and operates hydrocarbon properties across onshore regions in the United States. The company's activities encompass geological evaluation, drilling, completion and working-interest management, with an emphasis on cost-efficient development of discovered reserves and maximizing production from existing assets.

Over time, U.S. Energy has pursued growth through disciplined lease acquisitions, joint-venture partnerships and targeted drilling programs.

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