Zion Oil & Gas Inc. (ZN) Testing Investors’ Patience Right Now

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Geode Capital Management LLC recently announced the acquisition of new stake in Zion Oil & Gas Inc. (NASDAQ:ZN). The institutional investor has increased its shareholding in the Energy company by 92.20% to 0.95 million shares with purchase of 0.45 million shares. This fresh investment now brings its stake to 0.55% valued currently at $0.28 million. In addition, BlackRock Fund Advisors raised its holdings by 7410.0 to 0.25 million shares. And Virtu Financial BD LLC has lifted its position by 110.01% or 0.11 million shares – to 0.21 million shares.

With over 25.11 million Zion Oil & Gas Inc. (ZN) shares trading Thursday and a closing price of $0.27 on the day, the dollar volume was approximately $6.78 million. The shares have shown a positive weekly performance of 19.02% and its price on 07/30/20 gained nearly 36.03%. Currently, there are 173.37M common shares owned by the public and among those 162.57M shares have been available to trade.

Insiders at the company have transacted a total of 26 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 26 of these insider trades were purchases, accounting for 996,124 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.

The top 3 mutual fund holders in Zion Oil & Gas Inc. are Vanguard Total Stock Market Index, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu. Vanguard Total Stock Market Index owns 5.86 million shares of the company’s stock, all valued at over $1.75 million. The company bought an additional 5.03 million shares recently to bring their total holdings to about 3.38% of the shares outstanding. Fidelity Extended Market Index Fu now owns shares totaling to 0.34% of the shares outstanding.

Shares of Zion Oil & Gas Inc. (NASDAQ: ZN) opened at $0.1975, down -$0.0 from a prior closing price of $0.20. However, the script later closed the day at $0.27, up 36.03%. The company’s stock has a 5-day price change of 19.02% and 3.81% over the past three months. ZN shares are trading 57.71% year to date (YTD), with the 12-month market performance down to -17.52% lower. It has a 12-month low price of $0.12 and touched a high of $0.56 over the same period. Currently, 25.11 million shares have been traded, compared to an average intraday trading volume of 3.05 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 16.58%, -1.22%, and 16.87% respectively.

Institutional ownership of Zion Oil & Gas Inc. (NASDAQ: ZN) shares accounts for 2.80% of the company’s 173.37M shares outstanding. Mutual fund holders own 3.24%, while other institutional holders and individual stakeholders account for 4.69% and -1.87% respectively.

It has a market capitalization of $48.78M and a beta (3y monthly) value of 0.58. The earnings-per-share (ttm) stands at -$0.07. Price movements for the stock have been influenced by the stock’s volatility, which stands at 15.72% over the week and 8.77% over the month.

Analysts forecast that Zion Oil & Gas Inc. (ZN) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for Next Year. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.

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