Isramco (NASDAQ:ISRL) Downgraded by BidaskClub to “Sell”

Isramco (NASDAQ:ISRL) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, October 15th, BidAskClub reports.

Shares of NASDAQ:ISRL traded down $0.59 during midday trading on Tuesday, reaching $121.65. The company had a trading volume of 19,000 shares, compared to its average volume of 1,778. Isramco has a 52-week low of $98.11 and a 52-week high of $125.00. The company’s 50 day moving average price is $122.06 and its 200 day moving average price is $120.24. The stock has a market cap of $330.60 million, a P/E ratio of 22.87 and a beta of 0.34.

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

Large investors have recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Isramco by 22.4% during 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 period. Bank of New York Mellon Corp lifted 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 worth $407,000 after acquiring an additional 441 shares during the period. Vanguard Group Inc. lifted its stake in Isramco by 3.4% in the second quarter. Vanguard Group Inc. now owns 30,176 shares of the oil and natural gas company’s stock worth $3,576,000 after acquiring an additional 991 shares during the period. Tower Research Capital LLC TRC lifted 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 worth $70,000 after acquiring an additional 372 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted 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 worth $568,000 after acquiring an additional 199 shares during the period. 5.14% of the stock is owned by hedge funds and other institutional investors.

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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