Zion Oil and Gas Stock Quote News and Financial Insights

Zion Oil and Gas has been a publicly traded company since 2006, listed on the OTC Bulletin Board under the ticker symbol ZN.

The company's primary focus is on exploring and developing oil and gas reserves in the Middle East, specifically in Israel and Palestine.

Zion Oil and Gas has a market capitalization of around $50 million, making it a relatively small-cap company in the oil and gas industry.

The company's stock has experienced significant fluctuations in recent years, with a high of $0.50 per share in 2012 and a low of $0.10 per share in 2015.

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Zion Oil & Gas, Inc. has received a new license agreement from Israel, known as "New Megiddo 428", granted over the previous Megiddo-Jezreel license area.

This license agreement was announced on December 3, 2020, and marks a significant milestone for the company.

The company has been actively exploring oil and gas opportunities in Israel, and this new license agreement is a testament to their efforts.

Zion Oil & Gas, Inc. is listed on the OTCQX under the ticker symbol ZNOG.

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Zion Oil & Gas has been actively exploring for oil and gas in Israel, with a focus on the Megiddo-Jezreel Valley.

In May 2022, Zion Oil & Gas filed for a new exploration license in the Megiddo-Jezreel Valley.

Zion Oil & Gas completed the drilling phase for their Megiddo-Jezreel #2 (MJ-02) well in November 2021, marking a significant milestone in their exploration efforts.

The company successfully drilled the second section of the Megiddo-Jezreel #2 (MJ-02) well and launched the drilling of the third section in April 2021.

Zion Oil & Gas has been actively working on their exploration projects in Israel, with a focus on the Megiddo-Jezreel Valley.

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Zion Oil and Gas has reported significant net income fluctuations over the years, with a high of -4.77B in 2022 and a low of -7.2M in 2023.

The company's net sales are not publicly disclosed in the provided data. In contrast, its net income has decreased over time, with a high of -49.83M in 2022 and a low of -7.96M in 2023.

Here is a summary of Zion Oil and Gas's net income and net debt in 2022 and 2023:

Valuation is a crucial aspect of financial analysis, and it's essential to understand the various metrics involved. The P/E ratio, for instance, can be a useful indicator of a company's value.

The P/E ratio for Zion Oil & Gas, Inc. was -0.49x in 2022 and -5.35x in 2023. This suggests that the company's stock price has been relatively low compared to its earnings.

Enterprise value is another key metric that can be used to assess a company's overall value. For Zion Oil & Gas, Inc., the enterprise value was 108M in one of the periods mentioned.

The EV / Sales ratio is also a useful metric, although it's not available for Zion Oil & Gas, Inc. in the provided data.

Here's a summary of the valuation metrics for Zion Oil & Gas, Inc.:

Keep in mind that valuation metrics can vary significantly over time and may not always be a perfect indicator of a company's true value.

Financials play a crucial role in understanding a company's overall health and performance. The data shows that net income has been fluctuating over the years, with some years experiencing significant losses.

In 2022, the net income ranged from -$55.08M to -$4.77B, with a significant drop to -$88.17M and -$606M in certain periods. This indicates a challenging financial landscape for the company.

One notable trend is the decrease in net debt over the years. The data shows that net debt has decreased from -$1.53M to -$238M between 2022 and 2023.

Here is a summary of the net income and net debt figures for 2022 and 2023:

The significant decrease in net debt in 2023 suggests that the company is taking steps to reduce its financial liabilities. However, the fluctuations in net income remain a concern.

Zion Oil & Gas, Inc. has been making headlines with its recent earnings reports. In the Third Quarter and Nine Months Ended September 30, 2024, the company reported its earnings results, which were announced on November 07.

The company's board has undergone some changes, with John T Seery retiring as Director, effective July 8, 2024.

Zion Oil & Gas, Inc. has been active in Israel, announcing the start of recompletion operations for the MJ-01 Well in June 2024.

Here's a list of the company's recent announcements:

The company has also received regulatory approval for a strategic recompletion project in Israel, which was announced on December 06, 2023.