Africa Oil (LSE:0QVL) - Stock Price, News & Analysis

0QVL Stock Overview

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

0QVL fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	5/6
Past Performance	0/6
Financial Health	5/6
Dividends	1/6

Rewards

Trading at 47.7% below our estimate of its fair value

Earnings are forecast to grow 66.9% per year

Analysts in good agreement that stock price will rise by 62.8%

Risk Analysis

Makes less than USD$1m in revenue ($-227M)

Dividend of 3.73% is not well covered by earnings or free cash flows

Africa Oil Corp. Competitors

Gulf Keystone Petroleum

LSE:GKP

UK£311.8m

Genel Energy

LSE:GENL

UK£232.8m

Rockhopper Exploration

AIM:RKH

UK£84.1m

Diversified Energy

LSE:DEC

UK£579.1m

Price History & Performance

Summary of all time highs, changes and price drops for Africa Oil
Historical stock prices
Current Share Price	CA$14.66
52 Week High	CA$20.65
52 Week Low	CA$12.98
Beta	1.27
11 Month Change	7.24%
3 Month Change	-6.60%
1 Year Change	-27.05%
33 Year Change	8.51%
5 Year Change	58.74%
Change since IPO	-67.13%

Recent updates

Shareholder Returns

	0QVL	GB Oil and Gas	GB Market
7D	5.0%	1.0%	-0.4%
1Y	-27.0%	-8.2%	5.6%

Return vs Industry: 0QVL underperformed the UK Oil and Gas industry which returned -8.2% over the past year.

Return vs Market: 0QVL underperformed the UK Market which returned 5.6% over the past year.

Price Volatility

Is 0QVL's price volatile compared to industry and market?
0QVL volatility
0QVL Average Weekly Movement	4.4%
Oil and Gas Industry Average Movement	6.5%
Market Average Movement	4.7%
10% most volatile stocks in GB Market	10.2%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: 0QVL has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: 0QVL's weekly volatility (4%) 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?
0QVL fundamental statistics
Market cap	SEK 6.53b
Earnings (TTM)	-SEK 4.11b
Revenue (TTM)	n/a

-2.6x

P/S Ratio

-1.6x

P/E Ratio

Is 0QVL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
0QVL income statement (TTM)
Revenue	-US$226.60m
Cost of Revenue	US$0
Gross Profit	-US$226.60m
Other Expenses	US$147.50m
Earnings	-US$374.10m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.84
Gross Margin	100.00%
Net Profit Margin	165.09%
Debt/Equity Ratio	0%

How did 0QVL perform over the long term?

See historical performance and comparison

Dividends

3.7%

Current Dividend Yield

-6%

Payout Ratio

0QVL Stock Overview

Rewards

Risk Analysis

Africa Oil Corp. Competitors

LSE:GKP

UK£311.8m

LSE:GENL

UK£232.8m

AIM:RKH

UK£84.1m

LSE:DEC

UK£579.1m

Price History & Performance

Recent News & Updates

President recently bought kr700k worth of stock

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

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

Recent updates

President recently bought kr700k worth of stock

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

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

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

Vice President of Exploration recently bought kr392k worth of stock

Final dividend of US$0.025 announced

Insider recently bought kr634k worth of stock

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

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

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

Chief Operations Officer recently bought kr203k worth of stock

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

President recently bought kr4.3m worth of stock

Africa Oil Announces Strategic Hires to Strengthen Its Executive Team

Investor sentiment deteriorates as stock falls 15%

New major risk - Revenue and earnings growth

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

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

Insufficient new directors

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

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Africa Oil Corp. Announces Executive Changes

Investor sentiment improved over the past week

Insider recently bought kr219k worth of stock

Insufficient new directors

Upcoming dividend of US$0.025 per share

Vice President of Exploration recently sold kr5.2m worth of stock

Investor sentiment improved over the past week

Africa Oil Corp. Provides Production Guidance for the Year 2022

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

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

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

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Revenue misses expectations

New 90-day high: kr8.25

Africa Oil Corp., Annual General Meeting, Apr 20, 2021