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 twelve months. 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 target for 2024?

2 brokers have issued 12-month target prices for Africa Oil's stock. Their AOIFF share price targets range from $1.60 to $1.60. On average, they anticipate the company's share price to reach $1.60 in the next year. This suggests that the stock has a possible downside of 11.6%. 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 start of the year. Since then, AOIFF stock has decreased by 1.4% and is now trading at $1.81. View the best growth stocks for 2023 here .

Are investors shorting Africa Oil?

Africa Oil saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 1,968,600 shares, an increase of 18.3% from the October 31st total of 1,663,800 shares. Based on an average daily volume of 123,500 shares, the short-interest ratio is currently 15.9 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, February 26th 2024. View our AOIFF earnings forecast .

How were Africa Oil's earnings last quarter?

Africa Oil Corp. (OTCMKTS:AOIFF) issued its quarterly earnings results on Tuesday, November, 14th. The energy company reported $0.10 EPS for the quarter.

How often does Africa Oil pay dividends? What is the dividend yield for Africa Oil?

Africa Oil announced a dividend on Tuesday, August 15th. Shareholders 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 2.65%. Read our dividend analysis for 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 .

Africa Oil Stock Price, News & Analysis (OTCMKTS:AOIFF)

$1.81

+0.03 (+1.69%)

(As of 12/7/2023 ET)

Compare

Today's Range: $1.81
▼
$1.83
50-Day Range: $1.78
▼
$2.02
52-Week Range: $1.71
▼
$2.48

Volume: 41,533 shs
Average Volume: 111,876 shs
Market Capitalization: $837.93 million

P/E Ratio: N/A
Dividend Yield: 2.76%
Price Target: $1.60

Stock Analysis Analyst Forecasts Chart Dividend Earnings Headlines Short Interest

Africa Oil MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 11.6% Downside
$1.60 Price Target
Short Interest: Bearish
0.43% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
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.

0.81 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 11.6% from its current price of $1.81.
Amount of Analyst Coverage
Africa Oil has received no research coverage in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
0.43% 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 15.9, which indicates bearish sentiment.
Change versus previous month
Short interest in Africa Oil has recently increased by 18.32%, indicating that investor sentiment is decreasing significantly.

0.8

Dividend Strength

Dividend Yield
Africa Oil pays a meaningful dividend of 2.65%, 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.

N/A

Sustainability and ESG

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

0.9

News and Social Media Coverage

News Sentiment
Africa Oil has a news sentiment score of -0.32. 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 0.52 average news sentiment score of Energy companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Africa Oil this week, compared to 1 article on an average week.

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.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Africa Oil is -181.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Africa Oil is -181.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Africa Oil has a P/B Ratio of 1.01. 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 Stock (OTCMKTS:AOIFF)

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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

AOIFF Stock News Headlines

December 4, 2023 | oilprice.com

Africa's Hydropower Plants Could Receive $1 Billion for Upgrades

November 22, 2023 | finance.yahoo.com

Is Africa Oil Corp. (TSE:AOI) Trading At A 39% Discount?

December 7, 2023 | Wealthpress (Ad)

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November 22, 2023 | msn.com

'Cheats and parasites': Behind East Africa's oil row

November 14, 2023 | investing.com

Africa Oil Corp (AOIC) Earnings Dates & Reports

November 13, 2023 | markets.businessinsider.com

Africa Oil earnings preview: what Wall Street is expecting

November 11, 2023 | msn.com

Uganda-Kenya row over oil supply unveils peppered, rising tensions

November 5, 2023 | msn.com

Egypt's non-oil activity shrinks in October as inflation, supply shortages bite -PMI

December 7, 2023 | Financial Alphas (Ad)

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October 31, 2023 | msn.com

Oil Producers Chart Future For Africa

October 28, 2023 | msn.com

Over 600m people lack access to modern energy in Africa – APPO

October 13, 2023 | msn.com

Africa Oil exits Kenya after settling Sh2bn tax arrears

October 4, 2023 | finance.yahoo.com

AFRICA OIL ANNOUNCES STRATEGIC HIRES TO STRENGTHEN ITS EXECUTIVE TEAM

September 28, 2023 | finance.yahoo.com

AFRICA OIL ANNOUNCES POSITIVE UPDATE ON NAMIBIA OPERATIONS

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)

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

See More Headlines

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Company Calendar

Ex-Dividend for 9/29 Dividend: 9/07/2023
Dividend Payable: 9/29/2023
Last Earnings: 11/14/2023
Today: 12/07/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/26/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Industry: Oil & Gas E&P
Sub-Industry: N/A
Sector: 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 Target: $1.60
High Stock Price Target: $1.60
Low Stock Price Target: $1.60
Potential Upside/Downside: -10.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.01)
Trailing P/E Ratio: N/A
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: 6.41%
Return on Assets: 5.90%

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: 0.99

Miscellaneous

Outstanding Shares: 462,950,000
Free Float: 458,224,000
Market Cap: $824.05 million
Optionable: Not Optionable
Beta: 1.16

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Key Executives

Mr. Pascal Nicodeme
Chief Financial Officer
Mr. Craig Knight
Chief Operations Officer
Dr. Paul Martinez
Vice President of Exploration
Dr. Roger Morris Tucker (Age 66)
President, CEO & Director
Ms. Kylie Litchfield
Head of Corporate Finance & Deputy CFO
Mr. Shahin Amini
Investor Relations & Commercial Manager
Dr. Oliver Quinn
Senior Vice President of Corporate Development
Ms. Amy Bowe
Vice President of ESG

Key Competitors

View All Competitors

AOIFF Stock Analysis - 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 twelve months. 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 target for 2024?: 2 brokers have issued 12-month target prices for Africa Oil's stock. Their AOIFF share price targets range from $1.60 to $1.60. On average, they anticipate the company's share price to reach $1.60 in the next year. This suggests that the stock has a possible downside of 11.6%.
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 start of the year. Since then, AOIFF stock has decreased by 1.4% and is now trading at $1.81.
View the best growth stocks for 2023 here.
Are investors shorting Africa Oil?: Africa Oil saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 1,968,600 shares, an increase of 18.3% from the October 31st total of 1,663,800 shares. Based on an average daily volume of 123,500 shares, the short-interest ratio is currently 15.9 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, February 26th 2024.
View our AOIFF earnings forecast.

How were Africa Oil's earnings last quarter?: Africa Oil Corp. (OTCMKTS:AOIFF) issued its quarterly earnings results on Tuesday, November, 14th. The energy company reported $0.10 EPS for the quarter.
How often does Africa Oil pay dividends? What is the dividend yield for Africa Oil?: Africa Oil announced a dividend on Tuesday, August 15th. Shareholders 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 2.65%.
Read our dividend analysis for 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.

This page (OTCMKTS:AOIFF) was last updated on 12/7/2023 by MarketBeat.com Staff

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