Zion Oil & Gas, Inc. (ZNOG) Stock Price, Quote & News - Stock Analysis (2024)

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Zion Oil & Gas, Inc. (ZNOG) Stock Price, Quote & News - Stock Analysis? ›

The Zion Oil & Gas stock holds several negative signals and despite the positive trend, we believe Zion Oil & Gas will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

The Zion Oil & Gas stock holds several negative signals and despite the positive trend, we believe Zion Oil & Gas will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Press Release: Zion Oil & Gas, Inc. Receives Regulatory Approval for Strategic Recompletion Project in Israel. Zion Oil & Gas, Inc. Announces Award of New Megiddo Valleys License 434 Allowing for Ongoing Oil And Gas Exploration in Israel.

(ZN 2.53%) stock is falling on Wednesday and was down more than 16% at 10:45 a.m. EST. That sell-off is mainly due to profit-taking after shares in the Israel-focused oil driller skyrocketed yesterday when it announced that it struck oil while drilling in the country.

John M. Brown is the founder of Zion and has been a director and chairman of the board of directors of Zion since its organization in April 2000.

Zion Oil's likelihood of distress is above 80% at this time. It has very high risk of going through financial straits in the upcoming years. Odds of distress shows the probability of financial torment over the next two years of operations under current economic and market conditions.

After a year of negative returns in 2023, energy stocks are off to a strong start in 2024. The S&P 500 energy sector has significantly outpaced the broader S&P 500 in the year's first 3-1/2 months. Energy prices are a mixed bag, with oil prices up while U.S. natural gas prices have moderated.

Zion Williamson to Continue Rehab from Hamstring Injury Before Pelicans' Play-in Game. The timeline for Zion Williamson's return to the court remains up in the air as he recovers from a hamstring injury.

The company has attempted to drill for oil and gas in Israel driven by its founder's Christian Zionist beliefs, but so far has failed to find any, "economically recoverable reserves." The company was listed on NASDAQ in February 2007, but was delisted on August 31, 2020.

Though Israel is not an oil producing country and no major international oil infrastructure runs close to the Gaza Strip or southern Israel, the outbreak of serious conflict in the area nevertheless has implications for the stability of the global oil market. There are two reasons for this.

What is ZION target price? ›

Oil and gas stocks, however, tend to be more volatile than the broader market as they are sensitive to changes in the supply and demand of the underlying commodities. In addition, oil companies are exposed to legal and regulatory risk that can be the consequence of accidents, such as oil spills.

Kingsoft Cloud Holdings's analyst rating consensus is a Strong Buy.