Digging Into Zion Oil & Gas, Inc. (ZN), Tenneco Inc. (TEN) Revenue Targets

ZN stock traded higher to an intra-day high of $0.8898. At one point in session, its potential discontinued and the price was down to lows at $0.7201. Analysts have set ZN’s consensus price at $0, effectively giving it a -100% projection on returns ZN has a 0% ROE, lower than the 18.52% average for the industry. The average ROE for the sector is 13.93%.

Zion Oil & Gas, Inc. (ZN) currently trades at $0.76, which is lower by -10.74% its previous price. It has a total of 66.49 million outstanding shares, with an ATR of around 0.1. The company’s stock volume dropped to 1.5 million, worse than 706.89 thousands that represents its 50-day average. A 5-day increase of about 30.56% in its price means ZN is now 81.38% higher on year-to-date. The shares have surrendered $43466.24 since its $5.80 52-week high price recorded on 21st of March 2018. Overall, it has seen a growth rate of -82.71 over the last 12 months. The current price per share is $0.38 above the 52 week low of $0.38 set on 2nd of January 2019.

Tenneco Inc. (NYSE:TEN) shares depreciated -15.34% over the last trading period, taking overall 5-day performance up to -14.38%. TEN’s price now at $28.1 is weaker than the 50-day average of $33.23. Getting the trading period increased to 200 days, the stock price was seen at $38.15 on average. The general public currently hold control of a total of 55.98 million shares, which is the number publicly available for trading. The total of shares that it has issued to investors is 57.76 million. The company’s management holds a total of 1.3%, while institutional investors hold about 92% of the remaining shares. TEN share price finished last trade -18.75% below its 20 day simple moving average and its downbeat gap from 200 day simple moving average is -26.52%, while closing the session with -15.4% distance from 50 day simple moving average.

Tenneco Inc. (TEN) shares were last observed trading -53.32% down since April 10, 2018 when the peak of $60.2 was hit. Last month’s price growth of -15.56% puts TEN performance for the year now at 2.59%. Consequently, the shares price is trending higher by 9.21%, a 52-week worst price since Dec. 26, 2018. However, it is losing value with -33.19% in the last 6 months. From a technical perspective, it appears more likely that the stock will experience a Bull Run market as a result of the strong support seen recently between $25.06 and $26.58. The immediate resistance area is now $30.95 Williams’s %R (14) for TEN moved to 97.97 while the stochastic %K points at 12.72.

TEN’s beta is 2.06; meaning investors could reap higher returns, although it also poses higher risks. The company allocated $6.19 per share from its yearly profit to its outstanding shares. Its last reported revenue is $2.37 billion, which was 4% versus $2.27 billion in the corresponding quarter last year. The EPS for Sep 19 quarter came in at $1.7 compared to $1.67 in the year-ago quarter and had represented 2% year-over-year earnings per share growth. TEN’s ROA is 4.6%, lower than the 5.06% industry average. Although a more robust percentage would be better, consideration is given to how well peers within the industry performed. Companies within the sector had an ROA of 6.9%.

Estimated quarterly earnings for Tenneco Inc. (NYSE:TEN) are around $1.46 per share in three months through December with $1.52 also the estimate for March quarter of the fiscal year. It means the growth is estimated at -22.75% and -3.8%, respectively. Analysts estimate full-year growth to be -4.06%, the target being $6.61 a share. The upcoming year will see an increase in growth by percentage to 4.84%, more likely to see it hit the $6.93 per share. The firm’s current profit margin over the past 12 months is 2.3%. TEN ranks lower in comparison to an average of 6.49% for industry peers; while the average for the sector is 12.89%.