Africa Oil (AOIFF) Stock Price, News & Analysis

Company Overview

Africa Oil Corp., together with its subsidiaries, operates as an oil and gas exploration and production company in Kenya, Nigeria, and South Africa. The company holds interests in producing and development assets in deep-water Nigeria, and development assets in Kenya. It also has a portfolio of exploration and appraisal assets in Namibia, Nigeria, South Africa, and Kenya, as well as Guyana and Senegal Guinea Bissau Joint Development Zone. The company was formerly known as Canmex Minerals Corporation and changed its name to Africa Oil Corp. in August 2007. Africa Oil Corp. was incorporated in 1983 and is headquartered in Vancouver, Canada.

Key Stats

• Today's Range: $1.41 to $1.46
• 50-Day Range: $1.24 to $1.46
• 52-Week Range: $1.24 to $1.97
• Volume: 198,018 shs
• Average Volume: 165,645 shs
• Market Capitalization: $646.81 million
• P/E Ratio: N/A
• Dividend Yield: 3.42%
• Price Target: N/A
• Consensus Rating: N/A

Africa Oil Stock Analysis - MarketRank™

Africa Oil scored higher than 23% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Africa Oil.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 5.56%

Earnings Growth

Earnings for Africa Oil are expected to grow by 5.56% in the coming year, from $0.18 to $0.19 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Africa Oil is -1.74, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Africa Oil is -1.74, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Africa Oil has a P/B Ratio of 0.76. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

0.85% of the outstanding shares of Africa Oil have been sold short.

Short Interest Ratio / Days to Cover

Africa Oil has a short interest ratio ("days to cover") of 20.9, which indicates bearish sentiment.

Change versus previous month

Short interest in Africa Oil has recently increased by 0.91%, indicating that investor sentiment is decreasing.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Africa Oil is a leading dividend payer. It pays a dividend yield of 3.57%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Africa Oil does not have a long track record of dividend growth.

Dividend Sustainability

Based on earnings estimates, Africa Oil will have a dividend payout ratio of 26.32% next year. This indicates that Africa Oil will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.85% of the outstanding shares of Africa Oil have been sold short.

Short Interest Ratio / Days to Cover

Africa Oil has a short interest ratio ("days to cover") of 20.9, which indicates bearish sentiment.

Change versus previous month

Short interest in Africa Oil has recently increased by 0.91%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.82

News Sentiment

Africa Oil has a news sentiment score of 0.82. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Africa Oil this week, compared to 2 articles on an average week.

MarketBeat Follows

1 people have added Africa Oil to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Africa Oil insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.02% of the stock of Africa Oil is held by insiders.

AOIFF Stock Analysis - Frequently Asked Questions

How have AOIFF shares performed this year?

Africa Oil's stock was trading at $1.87 at the start of the year. Since then, AOIFF stock has decreased by 21.9% and is now trading at $1.46.
View the best growth stocks for 2024 here.

How were Africa Oil's earnings last quarter?

Africa Oil Corp. (OTCMKTS:AOIFF) posted its quarterly earnings data on Thursday, February, 25th. The energy company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01.

How do I buy shares of Africa Oil?

Shares of AOIFF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Last Earnings: 2/25/2021
• Ex-Dividend for 9/27 Dividend: 9/09/2024
• Dividend Payable: 9/27/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: OTCMKTS
• Sector: Oils/Energy
• Industry: Oil & gas exploration services
• Sub-Industry: N/A
• Current Symbol: OTCMKTS:AOIFF
• CUSIP: N/A
• CIK: N/A
• Web: www.africaoilcorp.com
• Phone: (604) 689-7842
• Fax: 604-689-4250
• Employees: 23
• Year Founded: 1983

Profitability

• EPS (Most Recent Fiscal Year): ($0.84)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 8.11
• P/E Growth: N/A
• Net Income: $87.10 million
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: -7.93%
• Return on Assets: -7.31%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 7.46
• Quick Ratio: 7.46

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: $0.34 per share
• Price / Cash Flow: 4.35
• Book Value: $1.93 per share
• Price / Book: 0.76

Miscellaneous

• Outstanding Shares: 443,020,000
• Free Float: 438,496,000
• Market Cap: $646.81 million
• Optionable: Not Optionable
• Beta: 1.00