Africa Oil (OTCMKTS:AOIFF) Stock Price Crosses Below 200-Day Moving Average - Time to Sell?

Africa Oil Corp. (OTCMKTS:AOIFF - Get Free Report) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.34 and traded as low as $1.32. Africa Oil shares last traded at $1.34, with a volume of 165,461 shares traded.

Wall Street Analysts Forecast Growth

Separately, Barclays raised Africa Oil to a "strong-buy" rating in a research note on Tuesday, January 21st.

Africa Oil Price Performance

The company's fifty day simple moving average is $1.34 and its 200 day simple moving average is $1.34. The company has a current ratio of 8.99, a quick ratio of 8.99 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $897.32 million, a P/E ratio of -1.58 and a beta of 0.60.

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

Africa Oil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Thursday, March 27th were issued 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 dividend yield of 11.16%. Africa Oil's payout ratio is presently -26.92%.

Africa Oil Company Profile

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.