Isramco (ISRL) Upgraded to Hold by BidaskClub
BidaskClub upgraded shares of Isramco (NASDAQ:ISRL) from a sell rating to a hold rating in a report released on Thursday.
Shares of NASDAQ ISRL opened at $121.75 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of -4.51. Isramco has a 1-year low of $92.00 and a 1-year high of $135.05. The company has a market cap of $329.38 million, a price-to-earnings ratio of 21.30 and a beta of 0.65.
A number of hedge funds and other institutional investors have recently modified their holdings of ISRL. BlackRock Inc. increased its stake in Isramco by 6.5% during the second quarter. BlackRock Inc. now owns 45,825 shares of the oil and natural gas company’s stock worth $5,633,000 after acquiring an additional 2,817 shares during the last quarter. Deutsche Bank AG increased its stake in Isramco by 145.0% during the fourth quarter. Deutsche Bank AG now owns 1,595 shares of the oil and natural gas company’s stock worth $165,000 after acquiring an additional 944 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in Isramco by 357.1% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,024 shares of the oil and natural gas company’s stock worth $126,000 after acquiring an additional 800 shares during the last quarter. 4.87% of the stock is currently owned by institutional investors.
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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