Isramco (ISRL) Downgraded to Hold at BidaskClub

Isramco (NASDAQ:ISRL) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Shares of ISRL stock opened at $115.50 on Wednesday. The stock has a market capitalization of $322.45 million, a price-to-earnings ratio of 17.71 and a beta of 0.61. Isramco has a 52 week low of $92.00 and a 52 week high of $135.05.

Isramco (NASDAQ:ISRL) last announced its quarterly earnings data on Friday, November 9th. The oil and natural gas company reported $2.27 EPS for the quarter. The business had revenue of $22.85 million for the quarter. Isramco had a negative net margin of 25.70% and a negative return on equity of 109.51%.

Institutional investors have recently bought and sold shares of the stock. Ramsey Quantitative Systems increased its holdings in Isramco by 227.6% during the 3rd quarter. Ramsey Quantitative Systems now owns 2,293 shares of the oil and natural gas company’s stock worth $280,000 after acquiring an additional 1,593 shares during the period. Northern Trust Corp grew its stake in Isramco by 4.6% in the 2nd quarter. Northern Trust Corp now owns 16,104 shares of the oil and natural gas company’s stock worth $1,979,000 after buying an additional 712 shares in the last quarter. BlackRock Inc. grew its stake in Isramco by 6.5% in the 2nd quarter. BlackRock Inc. now owns 45,825 shares of the oil and natural gas company’s stock worth $5,633,000 after buying an additional 2,817 shares in the last quarter. Finally, Worth Venture Partners LLC purchased a new position in Isramco in the 3rd quarter worth approximately $167,000. 57.94% of the stock is currently owned by institutional investors and hedge funds.

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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