Isramco (NASDAQ:ISRL) Downgraded by BidaskClub

BidaskClub lowered shares of Isramco (NASDAQ:ISRL) from a hold rating to a sell rating in a report published on Thursday morning, BidAskClub reports.

Shares of ISRL stock opened at $120.24 on Thursday. Isramco has a 12 month low of $98.11 and a 12 month high of $125.55. The business’s 50 day moving average is $121.17 and its two-hundred day moving average is $117.27. The company has a market cap of $325.87 million, a PE ratio of 19.28 and a beta of 0.36.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its holdings in Isramco by 3.1% in the fourth quarter. BlackRock Inc. now owns 47,748 shares of the oil and natural gas company’s stock valued at $5,658,000 after acquiring an additional 1,458 shares in the last quarter. Geode Capital Management LLC raised its holdings in Isramco by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 7,728 shares of the oil and natural gas company’s stock valued at $915,000 after acquiring an additional 368 shares in the last quarter. Bank of America Corp DE raised its holdings in Isramco by 34.0% in the fourth quarter. Bank of America Corp DE now owns 800 shares of the oil and natural gas company’s stock valued at $95,000 after acquiring an additional 203 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Isramco by 22.4% in 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 acquiring an additional 224 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings 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 valued at $568,000 after acquiring an additional 199 shares in the last quarter. Institutional investors own 4.98% of the company’s stock.

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.

Read More: Leveraged Buyout (LBO)

Receive News & Ratings for Isramco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Isramco and related companies with MarketBeat.com's FREE daily email newsletter.