Zion Oil & Gas (NASDAQ:ZN) Upgraded to Hold by ValuEngine

ValuEngine upgraded shares of Zion Oil & Gas (NASDAQ:ZN) from a sell rating to a hold rating in a report published on Wednesday, ValuEngine reports.

ZN traded down $0.01 during trading on Wednesday, reaching $0.22. The company had a trading volume of 1,159,521 shares, compared to its average volume of 696,706. The firm’s 50-day simple moving average is $0.29 and its 200 day simple moving average is $0.45. Zion Oil & Gas has a 12-month low of $0.22 and a 12-month high of $1.30. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.38.

Zion Oil & Gas (NASDAQ:ZN) last issued its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported ($0.02) earnings per share for the quarter.

A hedge fund recently bought a new stake in Zion Oil & Gas stock. Paloma Partners Management Co acquired a new position in shares of Zion Oil & Gas, Inc. (NASDAQ:ZN) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 235,438 shares of the oil and gas producer’s stock, valued at approximately $79,000. Paloma Partners Management Co owned 0.30% of Zion Oil & Gas at the end of the most recent quarter. 8.99% of the stock is currently owned by hedge funds and other institutional investors.

About Zion Oil & Gas

Zion Oil & Gas, Inc operates as an oil and gas exploration company in Israel. It holds a petroleum exploration license onshore Israel, the Megiddo-Jezreel License that covers an area of approximately 99,000 acres. The company was founded in 2000 and is based in Dallas, Texas.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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