Meren Energy (AOIFF) to Release Earnings on Tuesday

Key Points

• Meren Energy (OTCMKTS:AOIFF) will release quarterly earnings on Tuesday, May 12, and analysts expect EPS of $0.0108 and revenue of about $159.19 million.
• Shares traded at $1.84 (up $0.03) with 30,605 shares exchanged versus an average volume of 144,715; the company has a market cap of $1.24 billion and a negative trailing P/E of -3.54.
• The company (formerly Canmex/Africa Oil Corp.) operates as an oil and gas exploration and production firm with producing and development assets in Nigeria and Kenya and exploration/appraisal interests across Namibia, South Africa, Guyana and the Senegal–Guinea Bissau JDZ.

Meren Energy (OTCMKTS:AOIFF - Get Free Report) is projected to release its resultson Tuesday, May 12th. Analysts expect Meren Energy to post earnings of $0.0108 per share and revenue of $159.1930 million for the quarter.

Meren Energy Stock Performance

Meren Energy stock traded up $0.03 on Tuesday, reaching $1.84. 30,605 shares of the stock were exchanged, compared to its average volume of 144,715. The stock has a market cap of $1.24 billion, a PE ratio of -3.54 and a beta of 0.53. The company has a current ratio of 1.25, a quick ratio of 1.05 and a debt-to-equity ratio of 0.42. Meren Energy has a twelve month low of $1.13 and a twelve month high of $1.57. The firm has a fifty day moving average price of $1.68 and a two-hundred day moving average price of $1.47.

Meren Energy 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. The company was formerly known as Canmex Minerals Corporation and changed its name to Africa Oil Corp.

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