57.8 F
New York
Tuesday, December 1, 2020

Zion Oil & Gas Inc. (NASDAQ:ZN) Finding Strong Support

Must read

The Last Few Sessions Have Molson Coors Beverage Company (TAP) Soaring

Molson Coors Beverage Company (TAP) shares are trading at higher $46.80 and the avg recommendation for the stock is Moderate Buy, while the current...

Renewed Optimism is Surrounding Unity Software Inc. (NYSE:U)

Unity Software Inc. (U) shares are trading at higher $147.62 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

When Will Electronic Arts Inc. (EA) Slow Down

Electronic Arts Inc. (EA) shares are trading at higher $124.17 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Will Energous Corporation (WATT) Find a Support Level Soon?

Energous Corporation (WATT) shares are trading at lower $2.03 and the avg recommendation for the stock is Strong Buy. To add more color to...

Zion Oil & Gas Inc. (ZN) shares are trading at higher $0.41.

To add more color to this target, the company’s high over the last year is $0.88 and the low is $0.12. Over the last 52 weeks, ZN is down -53.69% while the S&P 500 is down -0.42%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, ZN reported a profit of $-0.23 million. Zion Oil & Gas Inc. also saw revenues decrease to $1.69 million. In addition, ZN has free cash flow of -$8.1 million as of 06-2020. The company’s EBITDA came in at -$1.63 million which compares well with its peers.

ZN Return on Equity (ROE) is -40.70%, and its Return on Assets is -30.50%. All told, it is clear that, ZN needs to be on your watchlist.

Find out when ZN reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. ZN has a short ratio of 0.39 and outstanding shares of 205.33M.

Company Outlook

ZN has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at -0.06. Zion Oil & Gas Inc. ZN also noted assets of $27.88 million at the end of the last quarter. Investors should also keep an eye on sector updates as ZN has historically followed its peers on positive news.

All told, Zion Oil & Gas Inc. ZN has strung together solid data and demonstrated underlying fundamentals. At its current valuation, ZN represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Zion Oil & Gas Inc. ZN is now commanding a market cap of 92.21M and a float of 192.40M. ZN is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of ZN stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in ZN, either long or short, and we have not been compensated for this article.

Latest article

ToughBuilt Industries Inc. (NASDAQ:TBLT) Stock is Soaring, Here is Why

ToughBuilt Industries Inc. (TBLT) shares are trading at higher $0.83 and the avg recommendation for the stock is Moderate Buy. To add more color...

3M Company (MMM)’s Stock is Jumping, Here is Why

3M Company (MMM) shares are trading at lower $176.89 and the avg recommendation for the stock is Hold, while the current analyst price target...

Can We Expect More Volatility From Novo Nordisk A/S (NVO)?

Novo Nordisk A/S (NVO) shares are trading at higher $67.54 and the avg recommendation for the stock is Hold, while the current analyst price...

When Will Urban One Inc. (UONEK) Slow Down

Urban One Inc. (UONEK) shares are trading at higher $1.41. To add more color to this target, the company’s high over the last year...

Nordic American Tankers Limited (NYSE:NAT) is Gaining Momentum on Earnings Catalyst

Nordic American Tankers Limited (NAT) shares are trading at lower $3.32 and the avg recommendation for the stock is Moderate Buy. To add more...