OTCMKTS:AOIFF Africa Oil (AOIFF) Stock Forecast, Price & News $2.11 -0.24 (-10.21%) (As of 09/27/2023 ET) Add Compare Share Share Today's Range$2.10▼$2.3350-Day Range$2.11▼$2.4552-Week Range$1.71▼$2.65Volume478,988 shsAverage Volume80,767 shsMarket Capitalization$975.50 millionP/E Ratio70.33Dividend Yield2.37%Price Target$1.60 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsHeadlinesShort InterestProfileAnalyst RatingsChartCompetitorsDividendEarningsHeadlinesShort Interest Africa Oil MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside24.2% Downside$1.60 Price TargetShort InterestBearish0.33% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.26Based on 4 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details 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 RatingAfrica 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/DownsideAccording 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 CoverageAfrica Oil has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted0.33% of the outstanding shares of Africa Oil have been sold short.Short Interest Ratio / Days to CoverAfrica Oil has a short interest ratio ("days to cover") of 13.4, which indicates bearish sentiment.Change versus previous monthShort interest in Africa Oil has recently decreased by 2.77%, indicating that investor sentiment is improving. Previous Next 0.8 Dividend Strength Dividend YieldAfrica Oil pays a meaningful dividend of 2.12%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthAfrica Oil does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Africa Oil is 166.67%. Payout ratios above 75% are not desirable because they may not be sustainable. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for AOIFF. Previous Next 2.9 News and Social Media Coverage News SentimentAfrica 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 WeekMarketBeat has tracked 4 news articles for Africa Oil this week, compared to 1 article on an average week.Search Interest2 people have searched for AOIFF on MarketBeat in the last 30 days. MarketBeat Follows1 people have added Africa Oil to their MarketBeat watchlist in the last 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Africa Oil insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.02% of the stock of Africa Oil is held by insiders. Previous Next 0.6 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe 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. SectorThe 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 RatioAfrica 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. Previous Next See Top Rated MarketRank™ Stocks Here About Africa Oil (OTCMKTS:AOIFF) StockAfrica 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.Read More AOIFF Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart AOIFF Stock News HeadlinesSeptember 28, 2023 | finance.yahoo.comAFRICA OIL ANNOUNCES POSITIVE UPDATE ON NAMIBIA OPERATIONSSeptember 27, 2023 | americanbankingnews.comAfrica Oil (OTCMKTS:AOIFF) Stock Price Passes Above 50-Day Moving Average of $2.34September 28, 2023 | Edge On The Street (Ad)The Strategic Gold Play You Haven't Heard AboutExperts 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.comAfrica Oil (AOIFF) Gets a Buy from ScotiabankSeptember 22, 2023 | news.yahoo.comAfrica in Business: Carbon dioxide capture and a new agriculture fundSeptember 14, 2023 | reuters.comPIF-backed oil and gas driller ADES prices IPO at top of rangeSeptember 8, 2023 | msn.comAfrica Finance Corporation remains committed to fossil fuel investmentsAugust 3, 2023 | theglobeandmail.comClosing Bell: Africa Oil Corp up on Thursday (AOI)September 28, 2023 | Edge On The Street (Ad)The Strategic Gold Play You Haven't Heard AboutExperts 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. August 3, 2023 | oilprice.comAn Oil Boom Is Underway In GhanaAugust 2, 2023 | msn.comAfrica Oil (AOIFF) Price Target Increased by 5.95% to 23.60August 1, 2023 | msn.comEast Africa currency woes hurt Diageo's full-year sales volumesJuly 20, 2023 | msn.com‘Content is the new crude oil’: Africa’s multi billion-dollar creative industry takes center stage at Africa Walk 2023July 14, 2023 | news.yahoo.comAfrica in Business: cocoa and copperJuly 13, 2023 | msn.comShell’s oil spills: Oilwatch charges HYPREP to take actionJuly 10, 2023 | news.yahoo.comHRW says TotalEnergies oil project 'a disaster' for UgandansJune 27, 2023 | apnews.comUganda activists file new Paris case over TotalEnergies’ East Africa oil pipeline projectJune 26, 2023 | msn.comTotal, Africa Oil Kenya exits spook investorsJune 21, 2023 | msn.comOil must offer affected persons new opportunities - EACOPJune 17, 2023 | yahoo.comTracking Africa's billion-dollar companiesJune 7, 2023 | bloomberg.comNamibia Becomes Oil Drilling Hot-Spot With 13% of Africa’s RigsMay 29, 2023 | finance.yahoo.comAFRICA OIL ANNOUNCES THE RENEWAL OF OML 130 LICENSEMay 12, 2023 | msn.comWe won’t back down on oil projects - EAC leadersMay 12, 2023 | marketwatch.comMiddle East & Africa Cold Pressed Oil Market Size and Updated Report, Competitive Analysis Reports 2023-2031 with Top VendorsMay 10, 2023 | marketwatch.comBaobab Oil Market in 2031: Insights, Strategies, and ProjectionsMay 5, 2023 | finance.yahoo.comAFRICA OIL TO RELEASE FIRST QUARTER 2023 FINANCIAL RESULTS ON FRIDAY, MAY 12, 2023May 5, 2023 | msn.comPumping Oil Will Transform Namibia's Economy but Beware the Resource Curse - !gawaxabSee 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. Email Address AOIFF Company Calendar Last Earnings8/14/2023Ex-Dividend for 9/29 Dividend9/07/2023Today9/28/2023Dividend Payable9/29/2023Next Earnings (Estimated)11/13/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeOTCMKTS Industry Oil & gas exploration services Sub-IndustryN/A SectorOils/Energy Current SymbolOTCMKTS:AOIFF CUSIPN/A CIKN/A Webwww.africaoilcorp.com Phone(604) 689-7842Fax604-689-4250Employees24Year Founded1983Price 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 RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$0.03 Trailing P/E Ratio70.33 Forward P/E RatioN/A P/E GrowthN/ANet IncomeN/A Net MarginsN/A Pretax MarginN/A Return on Equity8.67% Return on Assets8.05% Debt Debt-to-Equity RatioN/A Current Ratio9.45 Quick Ratio9.46 Sales & Book Value Annual SalesN/A Price / SalesN/A Cash FlowN/A Price / Cash FlowN/A Book Value$1.79 per share Price / Book1.18Miscellaneous Outstanding Shares462,320,000Free Float457,605,000Market Cap$975.50 million OptionableNot Optionable Beta1.21 Social Links 10 Best Stocks to Own in 2023Click 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 ExecutivesMr. Pascal NicodemeChief Financial OfficerMr. Craig KnightChief Operations OfficerDr. Paul MartinezVP of ExplorationDr. Roger Morris Tucker (Age 66)Pres, CEO & Director Ms. Kylie LitchfieldHead of Corp. Fin. & Deputy CFOMr. Shahin AminiInvestor Relations & Commercial Mang.Ms. Amy BoweVP of ESGMore ExecutivesKey CompetitorsHammerhead EnergyNASDAQ:HHRSTullow OilOTCMKTS:TUWOYCGGOTCMKTS:CGGYYHarbour EnergyOTCMKTS:HBRIYHarbour EnergyOTCMKTS:HBRIDView 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Africa Oil Corp. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: 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. 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