Africa Oil (TSX:AOI) - Stock Price, News & Analysis

AOI Stock Overview

Operates as an oil and gas exploration and production company in Kenya, Nigeria, and South Africa.

AOI fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	5/6
Past Performance	0/6
Financial Health	4/6
Dividends	1/6

Rewards

Trading at 43.8% below our estimate of its fair value

Earnings are forecast to grow 62.75% per year

Analysts in good agreement that stock price will rise by 56.6%

Risk Analysis

Dividend of 3.27% is not well covered by earnings or free cash flows

Makes less than USD$1m in revenue ($0)

Africa Oil Corp. Competitors

Cardinal Energy

TSX:CJ

CA$1.1b

Crew Energy

TSX:CR

CA$1.1b

Obsidian Energy

TSX:OBE

CA$703.8m

Spartan Delta

TSX:SDE

CA$684.1m

Price History & Performance

Summary of all time highs, changes and price drops for Africa Oil
Historical stock prices
Current Share Price	CA$2.06
52 Week High	CA$3.34
52 Week Low	CA$1.94
Beta	1.31
11 Month Change	-5.94%
3 Month Change	-16.26%
1 Year Change	-36.81%
33 Year Change	24.85%
5 Year Change	76.07%
Change since IPO	-69.48%

Recent updates

Is Africa Oil Corp. (TSE:AOI) Trading At A 29% Discount?

Feb 02

Africa Oil's(TSE:AOI) Share Price Is Down 34% Over The Past Five Years.

Feb 28

Shareholder Returns

	AOI	CA Oil and Gas	CA Market
7D	-1.4%	-1.6%	-0.07%
1Y	-36.8%	9.4%	12.8%

Return vs Industry: AOI underperformed the Canadian Oil and Gas industry which returned 9.4% over the past year.

Return vs Market: AOI underperformed the Canadian Market which returned 12.8% over the past year.

Price Volatility

Is AOI's price volatile compared to industry and market?
AOI volatility
AOI Average Weekly Movement	5.0%
Oil and Gas Industry Average Movement	7.2%
Market Average Movement	8.0%
10% most volatile stocks in CA Market	16.7%
10% least volatile stocks in CA Market	3.0%

Stable Share Price: AOI's share price has been volatile over the past 3 months.

Volatility Over Time: AOI's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1983	23	Roger Tucker	www.africaoilcorp.com

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 and appraisal assets in Namibia, Nigeria, South Africa, and Kenya, as well as Guyana and Senegal Guinea Bissau Joint Development Zone.

Africa Oil Corp. Fundamentals Summary

How do Africa Oil's earnings and revenue compare to its market cap?
AOI fundamental statistics
Market cap	CA$912.61m
Earnings (TTM)	-CA$50.94m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-17.9x

P/E Ratio

Is AOI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AOI income statement (TTM)
Revenue	US$0
Cost of Revenue	US$0
Gross Profit	US$0
Other Expenses	US$37.80m
Earnings	-US$37.80m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Dec 10, 2024

Earnings per share (EPS)	-0.085
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did AOI perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

-61%

Payout Ratio

Does AOI pay a reliable dividends?

See AOI dividend history and benchmarks

When do you need to buy AOI by to receive an upcoming dividend?
Africa Oil dividend dates
Ex Dividend Date	Sep 09 2024
Dividend Pay Date	Sep 27 2024
Days until Ex dividend	6 days
Days until Dividend pay date	24 days

Does AOI pay a reliable dividends?

See AOI dividend history and benchmarks

AOI Stock Overview

Rewards

Risk Analysis

Africa Oil Corp. Competitors

TSX:CJ

CA$1.1b

TSX:CR

CA$1.1b

TSX:OBE

CA$703.8m

TSX:SDE

CA$684.1m

Price History & Performance

Recent News & Updates

Upcoming dividend of US$0.025 per share

First half dividend of US$0.025 announced

Africa Oil Corp. Declares Semi-Annual Cash Dividend, Payable on September 27, 2024

Africa Oil Corp. to Report Q2, 2024 Results on Aug 15, 2024

Independent Chairman of the Board exercised options to buy CA$160k worth of stock.

Consensus revenue estimates increase by 85%

Recent updates

Upcoming dividend of US$0.025 per share

First half dividend of US$0.025 announced

Africa Oil Corp. Declares Semi-Annual Cash Dividend, Payable on September 27, 2024

Africa Oil Corp. to Report Q2, 2024 Results on Aug 15, 2024

Independent Chairman of the Board exercised options to buy CA$160k worth of stock.

Consensus revenue estimates increase by 85%

Africa Oil Corp. Approves the Election of Michael Ebsary as Director

Africa Oil Corp. Provides Production Guidance for the Full Year 2024

Africa Oil Corp. to Report Q1, 2024 Results on May 15, 2024

Consensus revenue estimates decrease by 21%, EPS upgraded

President recently bought CA$178k worth of stock

Africa Oil Corp. (TSX:AOI) made an offer to acquire additional 8% stake in Impact Oil and Gas Limited for $64 million.

Consensus revenue estimates decrease by 41%

Africa Oil Corp. Provides Production Guidance for the Full Year 2024

New major risk - Revenue and earnings growth

Africa Oil Corp., Annual General Meeting, May 23, 2024

Is Africa Oil Corp. (TSE:AOI) Trading At A 29% Discount?

Africa Oil Corp. (TSX:AOI) acquired an additional 6.25% stake in Block 3B/4B in the Orange Basin offshore from Azinam Group Limited.

Africa Oil Corp. to Report Fiscal Year 2023 Results on Feb 28, 2024

Africa Oil Corp. Reaffirms Production Guidance for the Full Year 2023

President recently bought CA$541k worth of stock

Africa Oil Announces Strategic Hires to Strengthen Its Executive Team

Investor sentiment deteriorates as stock falls 15%

Consensus revenue estimates increase by 158%

Africa Oil Corp. Announces Positive Update on Namibia Operations

Upcoming dividend of US$0.025 per share at 2.1% yield

Africa Oil Corp. (TSX:AOI) entered an Letter of Intent to acquire additional 6.25% stake in Block 3B/4B in the Orange Basin offshore from Azinam Group Limited for $10.5 million.

Africa Oil Corp. (TSX:AOI) entered an Letter of Intent to acquire additional 6.25% stake in Block 3B/4B in the Orange Basin offshore from Azinam Group Limited for $10.5 million.

Africa Oil Corp. Announces Executive Changes, Effective September 5, 2023

ONGC Videsh Gets Partner in Oil India to Replace Reluctant Indian Oil Corporation for Potential Acquisition of 50% Stake in Tullow Oil's USD 3.4 Billion Oilfield Project in Kenya

ONGC Videsh Gets Partner in Oil India to Replace Reluctant Indian Oil Corporation for Potential Acquisition of 50% Stake in Tullow Oil's USD 3.4 Billion Oilfield Project in Kenya

Vice President of Exploration exercised options to buy CA$916k worth of stock.

Africa Oil Corp. to Report Q2, 2023 Results on Aug 14, 2023

Africa Oil Corp. Provides an Update on Its Appeal Process in Relation to Kenya Revenue Authority's Corporate Income Tax and Value Added Tax Assessments

Chief Financial Officer exercised options to buy CA$171k worth of stock.

Insufficient new directors

Africa Oil Corp. Reaffirms Production Guidance for the Full Year 2022

Africa Oil Corp. Announces Executive Changes

Investor sentiment improved over the past week

Insufficient new directors

Upcoming dividend of US$0.025 per share

Vice President of Exploration recently sold CA$646k worth of stock

Africa Oil Corp. Provides Production Guidance for the Year 2022

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Director exercised options to buy CA$119k worth of stock.

Africa Oil Corp. Provides Production Guidance for the Year 2022

Africa Oil Corp. Announces Major Light Oil Discovery Offshore Namibia

Investor sentiment improved over the past week

Consensus forecasts updated

Africa Oil Corp. Announces Venus-1X Exploration Well Spuds in Offshore Namibia Block 2913B

Investor sentiment improved over the past week

Consensus forecasts updated

Investor sentiment improved over the past week

Consensus forecasts updated

Consensus forecasts updated

Independent Chairman of the Board exercised options to buy CA$137k worth of stock.

Africa Oil's(TSE:AOI) Share Price Is Down 34% Over The Past Five Years.

Revenue and earnings miss expectations