Africa Oil (OTCMKTS:AOIFF) Upgraded at Barclays

Barclays upgraded shares of Africa Oil (OTCMKTS:AOIFF – Get Rating) from an equal weight rating to an overweight rating in a report published on Tuesday, The Fly reports.

Separately, Scotiabank raised Africa Oil from a sector perform rating to an outperform rating in a research report on Wednesday, March 22nd.

Africa Oil Trading Down 1.0 %

Shares of AOIFF stock opened at $2.05 on Tuesday. The business’s 50-day moving average price is $2.07 and its 200-day moving average price is $2.05. Africa Oil has a 12 month low of $1.47 and a 12 month high of $2.65. The firm has a market capitalization of $949.61 million, a price-to-earnings ratio of -10.92 and a beta of 1.25.

Africa Oil (OTCMKTS:AOIFF – Get Rating) last posted its quarterly earnings data on Monday, February 27th. The energy company reported ($0.39) EPS for the quarter.

Africa Oil Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, March 31st. Shareholders of record on Monday, March 13th were issued a dividend of $0.025 per share. This represents a yield of 2.26%. The ex-dividend date of this dividend was Friday, March 10th. Africa Oil’s payout ratio is presently -26.32%.

Africa Oil Company Profile

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Africa Oil Corp. is an oil and gas company, which engages in the acquisition, exploration, development, and production associated with oil and gas assets. It focuses on producing and development assets in deep-water offshore Nigeria, and development assets in Kenya. Its portfolio of exploration assets includes Guyana, Kenya, Namibia, Nigeria, South Africa, and in the Senegal Guinea Bissau Joint Development Zone (AGC).