BidaskClub Downgrades Isramco (ISRL) to Hold

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

Shares of NASDAQ ISRL opened at $115.50 on Wednesday. Isramco has a twelve month low of $92.00 and a twelve month high of $135.05. The firm has a market cap of $322.45 million, a P/E ratio of 17.71 and a beta of 0.61.

Isramco (NASDAQ:ISRL) last posted its quarterly earnings results 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 during the quarter. Isramco had a negative net margin of 25.70% and a negative return on equity of 109.51%.

Large investors have recently bought and sold shares of the business. Worth Venture Partners LLC acquired a new position in shares of Isramco during the third quarter valued at about $167,000. BlackRock Inc. grew its holdings in shares of Isramco by 1.0% during the third quarter. BlackRock Inc. now owns 46,290 shares of the oil and natural gas company’s stock valued at $5,648,000 after buying an additional 465 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Isramco by 4.6% during the second quarter. Northern Trust Corp now owns 16,104 shares of the oil and natural gas company’s stock valued at $1,979,000 after buying an additional 712 shares during the last quarter. Finally, Ramsey Quantitative Systems grew its holdings in shares of Isramco by 227.6% during the third quarter. Ramsey Quantitative Systems now owns 2,293 shares of the oil and natural gas company’s stock valued at $280,000 after buying an additional 1,593 shares during the last quarter. Institutional investors and hedge funds own 57.94% 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.

Further Reading: What is net income?

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