Isramco (NASDAQ:ISRL) Raised to “Hold” at BidaskClub

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

ISRL opened at $122.63 on Tuesday. The business’s 50-day moving average is $121.25 and its two-hundred day moving average is $118.03. Isramco has a 1 year low of $98.11 and a 1 year high of $125.00. The firm has a market capitalization of $332.69 million, a PE ratio of 23.01 and a beta of 0.35.

Isramco (NASDAQ:ISRL) last posted its earnings results on Friday, August 9th. The oil and natural gas company reported $0.83 earnings per share (EPS) for the quarter. Isramco had a negative return on equity of 263.45% and a net margin of 17.35%. The company had revenue of $18.62 million for the quarter.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its stake in Isramco by 4.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 4,789 shares of the oil and natural gas company’s stock valued at $568,000 after purchasing an additional 199 shares during the last quarter. Bank of America Corp DE grew its stake in Isramco by 34.0% in the fourth 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. grew its stake in Isramco by 22.4% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,224 shares of the oil and natural gas company’s stock valued at $145,000 after purchasing an additional 224 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Isramco by 171.4% in the second quarter. Tower Research Capital LLC TRC now owns 589 shares of the oil and natural gas company’s stock valued at $70,000 after purchasing an additional 372 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Isramco by 14.7% in the second quarter. Bank of New York Mellon Corp now owns 3,435 shares of the oil and natural gas company’s stock valued at $407,000 after purchasing an additional 441 shares during the last quarter. Institutional investors own 5.14% of the company’s stock.

Isramco Company Profile

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.

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