Meren Energy (OTCMKTS:AOIFF) Shares Gap Up - What's Next?

Key Points

• Meren Energy's stock price gapped up from $1.23 to $1.28 before trading on Thursday, with a last traded price of $1.23 and a volume of 15,916 shares.
• The company reported a $0.02 EPS for the quarter, exceeding analysts' expectations of $0.01, and had revenue of $74.09 million against an expectation of $10.00 million.
• Meren Energy's current market capitalization is $828.18 million with a negative P/E ratio of -2.36, and it holds interests in oil and gas assets across several countries including Kenya and Nigeria.

Meren Energy Inc. (OTCMKTS:AOIFF - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $1.23, but opened at $1.28. Meren Energy shares last traded at $1.23, with a volume of 15,916 shares.

Meren Energy Trading Down 0.3%

The firm has a fifty day simple moving average of $1.27 and a 200-day simple moving average of $1.31. The firm has a market cap of $828.18 million, a P/E ratio of -2.36 and a beta of 0.57. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 1.16.

Meren Energy (OTCMKTS:AOIFF - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The energy company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. The company had revenue of $74.09 million during the quarter, compared to analysts' expectations of $10.00 million. On average, equities research analysts expect that Meren Energy Inc. will post 0.18 earnings per share for the current year.

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.

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