NewMed Energy - Limited Partnership

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NewMed Energy - Limited Partnership (NWMD) Price Performance

NewMed Energy - Limited Partnership (NWMD) trades on TA in ILS. The company is classified in the Energy sector under the Oil & Gas E&P industry. The stock currently trades at ILS1976.00, up 0.25% from the previous close.

Over the past year, NWMD has traded between a low of ILS1181.35 and a high of ILS2235.00. The stock has gained 67.3% over this period. It is currently 11.6% below its 52-week high.

NewMed Energy - Limited Partnership has a market capitalization of $23.12B, with a price-to-earnings ratio of 16.69 and a dividend yield of 0.01%.

About NewMed Energy - Limited Partnership

NewMed Energy - Limited Partnership engages in the exploration, development, production, and sale of petroleum, natural gas, and condensate in Israel, Jordan and Egypt. The company holds interests in the Leviathan project, which covers an area of 500 square kilometer (km2) located to the west of the shores of Haifa; the Block 12 that covers an area of approximately 386 km2 located in Cyprus; and the Yam Tethys project, located to the west of the shores of Ashkelon. It also holds interests in the Boujdour Atlantique exploration license that covers an area of approximately 33,812 km2 located in the south of the Moroccan exclusive economic zone; and the Tanin and Karish leases covering an area of approximately 500km2 located to the west of the shores of Nahariya. The company serves independent power producers, marketing companies, and industrial customers, as well as exports natural gas to Jordan and in Egypt. NewMed Energy Management Ltd. serves as the general partner of the company. The company was formerly known as Delek Drilling - Limited Partnership and changed its name to NewMed Energy - Limited Partnership in February 2022. NewMed Energy - Limited Partnership was incorporated in 1993 and is based in Herzliya, Israel.