Isramco (NASDAQ:ISRL) Upgraded by BidaskClub to “Hold”

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

ISRL stock traded up $1.24 during midday trading on Friday, hitting $121.40. The stock had a trading volume of 666 shares, compared to its average volume of 477. The company has a market cap of $326.55 million, a price-to-earnings ratio of 19.32 and a beta of 0.36. Isramco has a 12-month low of $98.11 and a 12-month high of $125.55. The business has a 50-day moving average price of $120.98.

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

A number of hedge funds have recently added to or reduced their stakes in ISRL. BlackRock Inc. boosted its holdings 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. Geode Capital Management LLC boosted its holdings 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. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Isramco by 22.4% in the 2nd 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. Finally, Bank of America Corp DE boosted its holdings 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. 5.01% of the stock is owned by hedge funds and other 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.

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