Isramco (NASDAQ:ISRL) Stock Passes Below 50 Day Moving Average of $118.17

Isramco, Inc. (NASDAQ:ISRL)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $118.17 and traded as low as $119.43. Isramco shares last traded at $121.92, with a volume of 1,429 shares traded.

A number of research firms have weighed in on ISRL. BidaskClub upgraded shares of Isramco from a “strong sell” rating to a “sell” rating in a research note on Tuesday, March 19th. TheStreet upgraded shares of Isramco from a “d” rating to a “c” rating in a research note on Wednesday, April 3rd.

The stock has a market cap of $322.04 million, a price-to-earnings ratio of 19.05 and a beta of 0.38. The stock’s 50 day moving average price is $118.39.

Isramco (NASDAQ:ISRL) last released its quarterly earnings data on Friday, May 10th. The oil and natural gas company reported $1.48 earnings per share for the quarter. The business had revenue of $21.02 million during the quarter. Isramco had a net margin of 19.95% and a negative return on equity of 194.85%.

A number of large investors have recently added to or reduced their stakes in ISRL. BlackRock Inc. raised its stake in Isramco by 3.1% during the fourth quarter. BlackRock Inc. now owns 47,748 shares of the oil and natural gas company’s stock worth $5,658,000 after buying an additional 1,458 shares during the last quarter. Geode Capital Management LLC increased its stake 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 purchasing an additional 368 shares in the last quarter. Bank of America Corp DE increased its stake 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 purchasing an additional 203 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in Isramco by 13.1% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the oil and natural gas company’s stock valued at $113,000 after purchasing an additional 116 shares in the last quarter. Institutional investors and hedge funds own 5.00% of the company’s stock.

Isramco Company Profile (NASDAQ:ISRL)

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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