Shares of Meren Energy Inc. (OTCMKTS:AOIFF - Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1.31 and traded as high as $1.34. Meren Energy shares last traded at $1.32, with a volume of 108,612 shares trading hands.
Meren Energy Price Performance
The stock has a 50-day moving average of $1.32 and a 200-day moving average of $1.34. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 1.16. The firm has a market cap of $878.07 million, a price-to-earnings ratio of -2.50 and a beta of 0.60.
Meren Energy (OTCMKTS:AOIFF - Get Free Report) last released its earnings results on Wednesday, May 14th. The energy company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01. The company had revenue of $74.09 million for the quarter, compared to analyst estimates of $10.00 million. Sell-side analysts predict that Meren Energy Inc. will post 0.18 EPS for the current fiscal year.
Meren Energy Company Profile
(
Get Free Report)
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.
Recommended Stories
Before you consider Meren Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Meren Energy wasn't on the list.
While Meren Energy currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
