Zion Oil & Gas Company Info
Zion Oil and Gas Inc. is involved in exploration of oil and gas in Israel. It has two exploration licenses with a total area of 162100 acres throughout Israel. State of Israel between Netanya in the south and Haifa in the north.
Stocks in Zion Oil & Gas (ZN 4.35%) were soaring this year, soaring over 325 percent since beginning of the year, before giving some of the gains back this morning. At 2.45 p.m. EDT The Israel-focused drilling company’s shares were down by over 15% due to some profit-taking, however it was still up over 200% over the course of the year.
What’s the question?
Zion Oil & Gas stock began to rise in value in June when it began drilling its Megiddo-Jezreel 1 Well which is a deep, offshore well inside the Israeli Jezreel Valley. This was an important event for the company considering that it endured an “complicated and difficult journey to get to this point,” according to the CEO Victor Carrillo.
Zion Oil & Gas Returns vs. S&P
| 1 YEAR | 5 YEAR | 5 YEAR ANNUALIZED | SINCE IPO | |
|---|---|---|---|---|
| ZN | -15.52% | -97.96% | -54.09% | -99% |
| S&P | -9.18% | +56.15% | +9.31% | +189% |
Assets
| Q3 2022 | YOY CHANGE | |
|---|---|---|
| Net Cash | $4.37M | -25.0% |
| Accounts Receivable | – | – |
| Inventory | 0 | – |
Liabilities
QUARTERLYANNUAL
| Q3 2022 | YOY CHANGE | |
|---|---|---|
| Long Term Debt | $0.05M | -76.5% |
| Short Term Debt | $0.23M | -0.4% |
Ratios
QUARTERLYANNUAL
| Q3 2022 | YOY CHANGE | |
|---|---|---|
| Return On Assets | -13.9% | -37.2% |
| Return On Invested Capital | -127.9% | -10.0% |
Cash Flow
QUARTERLYANNUAL
| Q3 2022 | YOY CHANGE | |
|---|---|---|
| Free Cash Flow | -$6.02M | -32.0% |
| Operating Free Cash Flow | -$1.13M | -40.1% |
Valuation
QUARTERLYANNUAL
| Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | YOY CHANGE | |
|---|---|---|---|---|---|
| Price to Earnings | – | – | – | – | – |
| Price to Book | 0.99 | 0.70 | 1.47 | 1.26 | +23.5% |
| Price to Sales | – | – | – | – | – |
| Price to Tangible Book Value | 0.99 | 0.70 | 1.47 | 1.26 | +23.5% |
| Price to Free Cash Flow TTM | – | – | – | – | – |
| Enterprise Value to EBITDA | -30.84 | -18.11 | -40.31 | -37.74 | +79.3% |
| Free Cash Flow Yield | – | – | – | – | – |
| Return on Equity | -23.2% | -20.0% | -15.5% | -15.0% | -39.7% |
| Total Debt | $0.37M | $0.30M | $0.34M | $0.27M | -36.0% |
