OTCMKTS:AOIFF

Africa Oil - AOIFF Stock Forecast, Price & News

$2.13

-0.02 (-0.93%)

(As of 03/24/2023 12:00 AM ET)

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Today's Range: $2.09
▼
$2.14
50-Day Range: $1.85
▼
$2.23
52-Week Range: $1.47
▼
$2.65

Volume: 379,034 shs
Average Volume: 251,162 shs
Market Capitalization: $979.91 million

P/E Ratio: N/A
Dividend Yield: 2.35%
Price Target: $3.25

Africa Oil MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 539.7% Upside
$13.63 Price Target
Short Interest: Healthy
0.36% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.40
Based on 5 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.

1.78 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
Africa Oil has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $13.63, Africa Oil has a forecasted upside of 539.7% from its current price of $2.13.
Amount of Analyst Coverage
Africa Oil has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.36% 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 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Africa Oil has recently increased by 5.95%, indicating that investor sentiment is decreasing significantly.

0.8

Dividend Strength

Dividend Yield
Africa Oil pays a meaningful dividend of 2.36%, 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.

2.4

News and Social Media Coverage

News Sentiment
Africa Oil has a news sentiment score of 0.40. 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 0.56 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Africa Oil this week, compared to 1 article on an average week.
Search Interest
4 people have searched for AOIFF on MarketBeat in the last 30 days.
MarketBeat Follows
Only 2 people have added Africa Oil to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 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.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Africa Oil is -14.20, 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 -14.20, 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 1.19. 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. is an oil and gas company, which engages in the exploration of oil and gas properties. It focuses on producing and development assets in deep-water offshore Nigeria, and development assets in Kenya. The firm's portfolio of exploration assets are located in Guyana, Kenya, Namibia, Nigeria, South Africa, and in the Senegal Guinea Bissau Joint Development Zone. The company was founded on March 29, 1983 and is headquartered in Vancouver, Canada.

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AOIFF Stock News Headlines

March 25, 2023 | americanbankingnews.com

Africa Oil (OTCMKTS:AOIFF) Raised to "Outperform" at Scotiabank

March 23, 2023 | marketwatch.com

Big Oil Eyes New Deals in North Africa Amid Rising Energy Demand -- Commodities Roundup

March 25, 2023 | Investor Place Media (Ad)

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March 23, 2023 | marketwatch.com

Big Oil Eyes New Deals in North Africa Amid Rising Energy Demand -- Commodities Roundup

March 22, 2023 | marketwatch.com

Middle East and Africa Oil Shale Market Report Analysis, Share, Revenue, Growth Rate With Forecast Overview To 2023-2033

March 17, 2023 | americanbankingnews.com

Africa Oil Corp. (OTCMKTS:AOIFF) Short Interest Update

March 8, 2023 | finance.yahoo.com

AFRICA OIL ANNOUNCES NEW COMPETENT PERSON'S REPORT FOR PROSPECTIVE RESOURCES IN BLOCK 3B/4B, ORANGE BASIN

March 3, 2023 | msn.com

Blast at Shell's Nigeria oil pipeline kills at least one

March 25, 2023 | Weiss Ratings (Ad)

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March 1, 2023 | msn.com

French court dismisses case against Total Energies E. Africa oil project

March 1, 2023 | msn.com

Africa Oil Targets Earnings From Nigeria's OML 127, OML 130

March 1, 2023 | finance.yahoo.com

Investing in Africa Oil (TSE:AOI) three years ago would have delivered you a 141% gain

February 28, 2023 | msn.com

Construction underway on east Africa crude oil pipeline project despite lingering concerns

February 28, 2023 | apnews.com

Court dismisses case against TotalEnergies’ Africa projects

February 27, 2023 | finance.yahoo.com

AFRICA OIL ANNOUNCES ITS YEAR-END 2022 STATEMENT OF RESERVES

February 27, 2023 | finance.yahoo.com

AFRICA OIL ANNOUNCES FOURTH QUARTER 2022 RESULTS AND AN UPDATE ON DRILLING OPERATIONS

February 27, 2023 | finance.yahoo.com

AFRICA OIL PUBLISHES 2022 ANNUAL FILINGS

February 24, 2023 | barrons.com

Paris Protest Against TotalEnergies East Africa Oil Pipeline

February 21, 2023 | finance.yahoo.com

AFRICA OIL TO RELEASE FOURTH QUARTER 2022 FINANCIAL RESULTS ON MONDAY, FEBRUARY 27, 2023

February 12, 2023 | msn.com

Delta oil producing communities seek PIA review

February 6, 2023 | msn.com

Oil revenue fell by N500bn in January – Report

January 31, 2023 | msn.com

Stitched up? The oil land with no electricity

January 24, 2023 | reuters.com

Uganda to unveil first commercial oil production drilling programme

January 22, 2023 | msn.com

Oil production crashes by 83% – Report

January 19, 2023 | msn.com

Five non-oil exporters earn $180m in one month

January 18, 2023 | msn.com

Ghana Takes Delivery of First Consignment of Gold for Oil Deal

January 18, 2023 | proactiveinvestors.com

Africa Oil reports in-line 2022 production results as it prepares for a busy 2023

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AOIFF Company Calendar

Last Earnings: 2/25/2021
Ex-Dividend for 3/31 Dividend: 3/10/2023
Today: 3/25/2023
Dividend Payable: 3/31/2023
Next Earnings (Estimated): 5/10/2023
Fiscal Year End: 12/31/2023

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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: 37
Year Founded: 1983

Price Target and Rating

Average Stock Price Forecast: $13.63
High Stock Price Forecast: $24.00
Low Stock Price Forecast: $3.25
Forecasted Upside/Downside: +52.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.15)
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: -6.26%
Return on Assets: -5.91%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 4.52
Quick Ratio: 4.52

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: 1.19

Miscellaneous

Outstanding Shares: 460,050,000
Free Float: 455,356,000
Market Cap: $979.91 million
Optionable: Not Optionable
Beta: 1.27

Social Links

Key Executives

Keith Charles Hill
President, CEO & Non-Independent Director

Craig Knight
Chief Operations Officer

Pascal Nicodème
Chief Financial Officer

Paul A. Martinez
Vice President-Exploration

Amy Deanna Bowe
Vice President-Environmental, Social & Governance

Key Competitors

View All Competitors

AOIFF Stock - Frequently Asked Questions

Should I buy or sell Africa Oil stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Africa Oil in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities 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 Wall Street research analysts have issued twelve-month price objectives for Africa Oil's stock. Their AOIFF share price forecasts range from $3.25 to $24.00. On average, they anticipate the company's share price to reach $13.63 in the next year. This suggests a possible upside of 539.7% from the stock's current price.
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 on January 1st, 2023. Since then, AOIFF stock has increased by 16.0% and is now trading at $2.13.
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 February. As of February 28th, there was short interest totaling 1,640,700 shares, an increase of 5.9% from the February 13th total of 1,548,600 shares. Based on an average daily volume of 537,400 shares, the days-to-cover ratio is presently 3.1 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 Wednesday, May 10th 2023.
View our AOIFF earnings forecast.
How were Africa Oil's earnings last quarter?: Africa Oil Corp. (OTCMKTS:AOIFF) issued its quarterly earnings data on Thursday, February, 25th. The energy company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.01.

How often does Africa Oil pay dividends? What is the dividend yield for Africa Oil?: Africa Oil announced a dividend on Tuesday, March 7th. Stockholders of record on Monday, March 13th will be paid a dividend of $0.025 per share on Friday, March 31st. This represents a yield of 2.26%. The ex-dividend date is Friday, March 10th.
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 2.42%.
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 $2.13.
How much money does Africa Oil make?: Africa Oil (OTCMKTS:AOIFF) has a market capitalization of $979.91 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 3/25/2023 by MarketBeat.com Staff

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Africa Oil - AOIFF Stock Forecast, Price & News

Africa Oil MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Africa Oil (OTCMKTS:AOIFF) Stock

AOIFF Stock News Headlines

AOIFF Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

AOIFF Stock - Frequently Asked Questions

Overall MarketRank^™