Barnwell Industries announces planned chief financial officer transition
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Barnwell Industries, Inc. announced a planned transition in its financial leadership, with CFO Russell M. Gifford retiring on December 31, 2025, and Executive Vice President-Finance Philip F. Patman, Jr. succeeding him. The latest analyst rating for Barnwell (BRN) is a Hold with a $1.50 price target. Despite some short-term positive signals, the company faces significant financial challenges, including declining revenues and profitability, necessitating strategic improvements to enhance performance and investor appeal.
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