OTCMKTS:AOIFF

Africa Oil (AOIFF) Stock Forecast, Price & News

$2.11

-0.24 (-10.21%)

(As of 09/27/2023 ET)

Compare

Today's Range: $2.10
▼
$2.33
50-Day Range: $2.11
▼
$2.45
52-Week Range: $1.71
▼
$2.65

Volume: 478,988 shs
Average Volume: 80,767 shs
Market Capitalization: $975.50 million

P/E Ratio: 70.33
Dividend Yield: 2.37%
Price Target: $1.60

Profile Analyst Ratings Chart Competitors Dividend Earnings Headlines Short Interest

Africa Oil MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 24.2% Downside
$1.60 Price Target
Short Interest: Bearish
0.33% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.26
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.28 out of 5 stars

1.5

Analyst's Opinion

Consensus Rating
Africa Oil has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $1.60, Africa Oil has a forecasted downside of 24.2% from its current price of $2.11.
Amount of Analyst Coverage
Africa Oil has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
0.33% of the outstanding shares of Africa Oil have been sold short.
Short Interest Ratio / Days to Cover
Africa Oil has a short interest ratio ("days to cover") of 13.4, which indicates bearish sentiment.
Change versus previous month
Short interest in Africa Oil has recently decreased by 2.77%, indicating that investor sentiment is improving.

0.8

Dividend Strength

Dividend Yield
Africa Oil pays a meaningful dividend of 2.12%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Africa Oil does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Africa Oil is 166.67%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for AOIFF.

2.9

News and Social Media Coverage

News Sentiment
Africa Oil has a news sentiment score of 0.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.63 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Africa Oil this week, compared to 1 article on an average week.
Search Interest
2 people have searched for AOIFF on MarketBeat in the last 30 days.
MarketBeat Follows
1 people have added Africa Oil to their MarketBeat watchlist in the last 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Africa Oil insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.02% of the stock of Africa Oil is held by insiders.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Africa Oil is 70.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.93.
Price to Earnings Ratio vs. Sector
The P/E ratio of Africa Oil is 70.33, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.90.
Price to Book Value per Share Ratio
Africa Oil has a P/B Ratio of 1.18. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Africa Oil (OTCMKTS:AOIFF) Stock

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/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. in August 2007. Africa Oil Corp. was incorporated in 1983 and is headquartered in Vancouver, Canada.

AOIFF Price History

30 days | 90 days | 365 days | Advanced Chart

AOIFF Stock News Headlines

September 28, 2023 | finance.yahoo.com

AFRICA OIL ANNOUNCES POSITIVE UPDATE ON NAMIBIA OPERATIONS

September 27, 2023 | americanbankingnews.com

Africa Oil (OTCMKTS:AOIFF) Stock Price Passes Above 50-Day Moving Average of $2.34

September 28, 2023 | Edge On The Street (Ad)

The Strategic Gold Play You Haven't Heard About

Experts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure.

September 26, 2023 | markets.businessinsider.com

Africa Oil (AOIFF) Gets a Buy from Scotiabank

September 22, 2023 | news.yahoo.com

Africa in Business: Carbon dioxide capture and a new agriculture fund

September 14, 2023 | reuters.com

PIF-backed oil and gas driller ADES prices IPO at top of range

September 8, 2023 | msn.com

Africa Finance Corporation remains committed to fossil fuel investments

August 3, 2023 | theglobeandmail.com

Closing Bell: Africa Oil Corp up on Thursday (AOI)

September 28, 2023 | Edge On The Street (Ad)

The Strategic Gold Play You Haven't Heard About

August 3, 2023 | oilprice.com

An Oil Boom Is Underway In Ghana

August 2, 2023 | msn.com

Africa Oil (AOIFF) Price Target Increased by 5.95% to 23.60

August 1, 2023 | msn.com

East Africa currency woes hurt Diageo's full-year sales volumes

July 20, 2023 | msn.com

‘Content is the new crude oil’: Africa’s multi billion-dollar creative industry takes center stage at Africa Walk 2023

July 14, 2023 | news.yahoo.com

Africa in Business: cocoa and copper

July 13, 2023 | msn.com

Shell’s oil spills: Oilwatch charges HYPREP to take action

July 10, 2023 | news.yahoo.com

HRW says TotalEnergies oil project 'a disaster' for Ugandans

June 27, 2023 | apnews.com

Uganda activists file new Paris case over TotalEnergies’ East Africa oil pipeline project

June 26, 2023 | msn.com

Total, Africa Oil Kenya exits spook investors

June 21, 2023 | msn.com

Oil must offer affected persons new opportunities - EACOP

June 17, 2023 | yahoo.com

Tracking Africa's billion-dollar companies

June 7, 2023 | bloomberg.com

Namibia Becomes Oil Drilling Hot-Spot With 13% of Africa’s Rigs

May 29, 2023 | finance.yahoo.com

AFRICA OIL ANNOUNCES THE RENEWAL OF OML 130 LICENSE

May 12, 2023 | msn.com

We won’t back down on oil projects - EAC leaders

May 12, 2023 | marketwatch.com

Middle East & Africa Cold Pressed Oil Market Size and Updated Report, Competitive Analysis Reports 2023-2031 with Top Vendors

May 10, 2023 | marketwatch.com

Baobab Oil Market in 2031: Insights, Strategies, and Projections

May 5, 2023 | finance.yahoo.com

AFRICA OIL TO RELEASE FIRST QUARTER 2023 FINANCIAL RESULTS ON FRIDAY, MAY 12, 2023

May 5, 2023 | msn.com

Pumping Oil Will Transform Namibia's Economy but Beware the Resource Curse - !gawaxab

See More Headlines

Receive AOIFF Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Africa Oil and its competitors with MarketBeat's FREE daily newsletter.

AOIFF Company Calendar

Last Earnings: 8/14/2023
Ex-Dividend for 9/29 Dividend: 9/07/2023
Today: 9/28/2023
Dividend Payable: 9/29/2023
Next Earnings (Estimated): 11/13/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Industry: Oil & gas exploration services
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: OTCMKTS:AOIFF
CUSIP: N/A
CIK: N/A
Web: www.africaoilcorp.com
Phone: (604) 689-7842
Fax: 604-689-4250
Employees: 24
Year Founded: 1983

Price Target and Rating

Average Stock Price Forecast: $1.60
High Stock Price Forecast: $1.60
Low Stock Price Forecast: $1.60
Forecasted Upside/Downside: -24.2%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.03
Trailing P/E Ratio: 70.33
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: 8.67%
Return on Assets: 8.05%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 9.45
Quick Ratio: 9.46

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.79 per share
Price / Book: 1.18

Miscellaneous

Outstanding Shares: 462,320,000
Free Float: 457,605,000
Market Cap: $975.50 million
Optionable: Not Optionable
Beta: 1.21

Social Links

10 Best Stocks to Own in 2023

Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2023 and why they should be in your portfolio.

Get This Free Report

Key Executives

Mr. Pascal Nicodeme
Chief Financial Officer

Mr. Craig Knight
Chief Operations Officer

Dr. Paul Martinez
VP of Exploration

Dr. Roger Morris Tucker (Age 66)
Pres, CEO & Director

Ms. Kylie Litchfield
Head of Corp. Fin. & Deputy CFO

Mr. Shahin Amini
Investor Relations & Commercial Mang.

Ms. Amy Bowe
VP of ESG

Key Competitors

View All Competitors

AOIFF Stock - Frequently Asked Questions

Should I buy or sell Africa Oil stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Africa Oil in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" AOIFF shares.
View AOIFF analyst ratings or view top-rated stocks.
What is Africa Oil's stock price forecast for 2023?: 2 brokerages have issued 1-year price objectives for Africa Oil's shares. Their AOIFF share price forecasts range from $1.60 to $1.60. On average, they predict the company's share price to reach $1.60 in the next twelve months. This suggests that the stock has a possible downside of 24.2%.
View analysts price targets for AOIFF or view top-rated stocks among Wall Street analysts.
How have AOIFF shares performed in 2023?: Africa Oil's stock was trading at $1.8363 at the beginning of the year. Since then, AOIFF shares have increased by 14.9% and is now trading at $2.11.
View the best growth stocks for 2023 here.
Are investors shorting Africa Oil?: Africa Oil saw a decrease in short interest in August. As of August 15th, there was short interest totaling 1,566,100 shares, a decrease of 9.4% from the July 31st total of 1,728,200 shares. Based on an average trading volume of 55,800 shares, the short-interest ratio is currently 28.1 days.
View Africa Oil's Short Interest.
When is Africa Oil's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, November 13th 2023.
View our AOIFF earnings forecast.
How were Africa Oil's earnings last quarter?: Africa Oil Corp. (OTCMKTS:AOIFF) released its quarterly earnings data on Monday, August, 14th. The energy company reported $0.36 EPS for the quarter.

How often does Africa Oil pay dividends? What is the dividend yield for Africa Oil?: Africa Oil declared a dividend on Tuesday, August 15th. Investors of record on Friday, September 8th will be given a dividend of $0.025 per share on Friday, September 29th. The ex-dividend date is Thursday, September 7th.
Read our dividend analysis for AOIFF.
Is Africa Oil a good dividend stock?: Africa Oil (OTCMKTS:AOIFF) pays an annual dividend of $0.05 per share and currently has a dividend yield of 2.08%. The dividend payout ratio is 166.67%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for AOIFF.
What is Africa Oil's stock symbol?: Africa Oil trades on the OTCMKTS under the ticker symbol "AOIFF."
How do I buy shares of Africa Oil?: Shares of AOIFF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Africa Oil's stock price today?: One share of AOIFF stock can currently be purchased for approximately $2.11.
How much money does Africa Oil make?: Africa Oil (OTCMKTS:AOIFF) has a market capitalization of $975.50 million.
How can I contact Africa Oil?: Africa Oil's mailing address is 885 W. GEORGIA STREET SUITE 2000, VANCOUVER A1, V6C 3E8. The official website for the company is www.africaoilcorp.com. The energy company can be reached via phone at (604) 689-7842, via email at aoi@namdo.com, or via fax at 604-689-4250.

This page (OTCMKTS:AOIFF) was last updated on 9/28/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial