Isramco (NASDAQ:ISRL) Upgraded at BidaskClub

BidaskClub upgraded shares of Isramco (NASDAQ:ISRL) from a sell rating to a hold rating in a research report released on Wednesday, March 27th, BidAskClub reports.

NASDAQ:ISRL traded down $1.75 during trading on Wednesday, reaching $118.00. The company’s stock had a trading volume of 722 shares, compared to its average volume of 672. The company has a market capitalization of $320.68 million, a PE ratio of 17.61 and a beta of 0.43. Isramco has a 12 month low of $92.83 and a 12 month high of $135.05.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE lifted its position in shares of Isramco by 34.0% during 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 buying an additional 203 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Isramco by 13.1% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the oil and natural gas company’s stock worth $113,000 after purchasing an additional 116 shares in the last quarter. Ramsey Quantitative Systems lifted its holdings in Isramco by 56.0% during the 4th quarter. Ramsey Quantitative Systems now owns 3,576 shares of the oil and natural gas company’s stock worth $424,000 after purchasing an additional 1,283 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Isramco by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 7,728 shares of the oil and natural gas company’s stock worth $915,000 after purchasing an additional 368 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Isramco by 4.6% during 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 purchasing an additional 712 shares in the last quarter. 5.16% of the stock is currently 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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