Africa Oil (OTCMKTS:AOIFF) Stock Price Passes Below 200 Day Moving Average - What's Next?

Shares of Africa Oil Corp. (OTCMKTS:AOIFF - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.35 and traded as low as $1.30. Africa Oil shares last traded at $1.30, with a volume of 72,020 shares.

Africa Oil Price Performance

The company has a 50 day simple moving average of $1.31 and a 200-day simple moving average of $1.34. The stock has a market cap of $884.82 million, a price-to-earnings ratio of -1.56 and a beta of 0.60. The company has a current ratio of 8.99, a quick ratio of 8.99 and a debt-to-equity ratio of 0.01.

Africa Oil (OTCMKTS:AOIFF - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The energy company reported $0.02 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.01. The firm had revenue of $74.09 million for the quarter, compared to analyst estimates of $10.00 million. Research analysts expect that Africa Oil Corp. will post 0.18 EPS for the current year.

Africa Oil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, March 27th were given a dividend of $0.0371 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.15 annualized dividend and a yield of 11.33%. Africa Oil's dividend payout ratio (DPR) is presently -26.92%.

About Africa Oil

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.