Zion Oil and Gas Inc
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*Nasdaq FSI: *Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements

Energy : Oil, Gas & Consumable Fuels | Small Cap Value
Company profile

Zion Oil & Gas, Inc. is an oil and gas exploration company. The Company holds a petroleum exploration license onshore Israel, the Megiddo-Jezreel License (MJL), comprising approximately 99,000 acres. The MJL is onshore, south and west of the Sea of Galilee. The Company has drilled approximately four exploratory wells. The Company has not generated any revenues.

Premarket

Last Trade
Delayed
$0.3912
-0.0362 (-8.47%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$0.4274
Day's Change
0.00 (0.00%)
Bid close
--
Ask close
--
B/A Size
--
Day's High
--
Day's Low
--
Volume
(Light)
Volume:
7,214

10-day average volume:
29,863,941
7,214

UPDATE: Intel faces massive Wall Street backlash on next-gen chip delay

10:55 am ET July 24, 2020 (MarketWatch)
Print

Intel Corp. (INTC) faced massive Wall Street fallout Friday after the chip giant divulged in an earnings call (http://www.marketwatch.com/story/intel-rides-strong-server-pc-sales-to-earnings-beat-and-forecasts-more-but-stock-still-falls-2020-07-23) that its next generation of chips would be delayed and that it may seek a third-party manufacturer to make them. Bernstein analyst Stacy Rasgon downgraded Intel to underperform from market perform after what he called the worst Intel earnings call in the 45 he has covered in that it brought "the structural issues we have been talking about for years directly to the forefront." Late Thursday, Intel said it was delaying its 7-nanometer line of chips by at least six months and that it may have to resort to an unheard-of contingency plan of having a another fabricator make them. "From here we see things growing increasingly painful as 7nm delays are likely to overshadow anything good they can put forth, while magnifying any negative events, all while they fight an existential conflict with themselves as they attempt to figure a way out of the hole they have dug," Rasgon said. Deutsche Bank analyst Ross Seymore also downgraded Intel, in this case to a hold from a buy, since the delay "will foster fears of competitive pressures persisting, if not accelerating over the next 2-3 years and thereby cap the valuation on its shares." Of the 41 analysts who cover Intel, 12 have overweight or buy ratings, 20 have hold ratings, and nine have sell ratings, after three other analysts downgraded Intel, according to FactSet data. At least 16 analysts cut their price target on the stock, resulting in an average target price of $59.55, down from a previous $64.82, according to FactSet. Intel shares dropped more than 17% in early Friday trading, while shares of smaller rival Advanced Micro Devices Inc. (AMD), which already sells 7-nm chips, surged 11%. American depositary receipts of Taiwan Semiconductor Manufacturing Co. (2330.TW), which makes AMD's chips, also surged 9%.

-Wallace Witkowski; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

July 24, 2020 10:55 ET (14:55 GMT)

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