Isramco (NASDAQ:ISRL) Upgraded at BidaskClub

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BidaskClub upgraded shares of Isramco (NASDAQ:ISRL) from a sell rating to a hold rating in a report issued on Saturday, BidAskClub reports.

Shares of Isramco stock opened at $119.85 on Friday. The company’s 50 day moving average price is $121.04. Isramco has a 12 month low of $98.11 and a 12 month high of $125.55. The company has a market capitalization of $329.92 million, a price-to-earnings ratio of 19.52 and a beta of 0.36.

Isramco (NASDAQ:ISRL) last announced its quarterly earnings results on Friday, May 10th. The oil and natural gas company reported $1.48 EPS for the quarter. Isramco had a negative return on equity of 194.85% and a net margin of 19.95%. The company had revenue of $21.02 million during the quarter.

A number of institutional investors have recently made changes to their positions in ISRL. Bank of America Corp DE lifted its stake in shares of Isramco by 34.0% in the 4th quarter. Bank of America Corp DE now owns 800 shares of the oil and natural gas company’s stock valued at $95,000 after purchasing an additional 203 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Isramco by 13.1% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the oil and natural gas company’s stock valued at $113,000 after purchasing an additional 116 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Isramco by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 7,728 shares of the oil and natural gas company’s stock valued at $915,000 after purchasing an additional 368 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Isramco by 3.1% in the 4th quarter. BlackRock Inc. now owns 47,748 shares of the oil and natural gas company’s stock valued at $5,658,000 after purchasing an additional 1,458 shares during the last quarter. 5.01% of the stock is owned by institutional investors.

About Isramco

Isramco, Inc, an independent oil and natural gas company, engages in the exploration, development, and production of oil and natural gas properties located onshore in the United States and offshore Israel. It operates in two segments, Oil and Gas Exploration and Production; and Production Services. The Oil and Gas Exploration and Production segment owns working interests in oil and gas wells in Louisiana, Texas, New Mexico, Oklahoma, Wyoming, Utah, and Colorado; and operates approximately 422 producing wells located primarily in Texas and New Mexico.

Further Reading: Bear Market

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