Africa Oil Corp Stock Today

AOI Stock  CAD 2.36  0.04  1.72%   

Performance

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Odds Of Distress

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Africa Oil is selling at 2.36 as of the 28th of March 2024; that is 1.72% increase since the beginning of the trading day. The stock's open price was 2.32. Africa Oil has over 56 % chance of experiencing financial distress in the next 2 years of operation and has generated negative returns for investors over the last 90 days. Equity ratings for Africa Oil Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Energy
Africa Oil Corp., together with its subsidiaries, operates as an oil and gas exploration and development company in Kenya and Ethiopia. Africa Oil Corp. was incorporated in 1983 and is based in Vancouver, Canada. AFRICA OIL operates under Oil Gas EP classification in Canada and is traded on Toronto Stock Exchange.. The company has 456.89 M outstanding shares of which 1.18 M shares are presently shorted by private and institutional investors with about 1.91 days to cover all short positions. More on Africa Oil Corp

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Africa Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Africa Oil's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Africa Oil or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOKeith Hill
Business ConcentrationOil & Gas Exploration & Production, Oil & Gas E&P, Energy, Energy, Oil, Gas & Consumable Fuels, Oil & Gas E&P, Energy (View all Sectors)
Africa Oil's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Africa Oil's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Africa Oil's financial leverage. It provides some insight into what part of Africa Oil's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Africa Oil's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Africa Oil deploys its capital and how much of that capital is borrowed.
Liquidity
Africa Oil cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has a current ratio of 1.89, which is within standard range for the sector. Debt can assist Africa Oil until it has trouble settling it off, either with new capital or with free cash flow. So, Africa Oil's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Africa Oil Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Africa to invest in growth at high rates of return. When we think about Africa Oil's use of debt, we should always consider it together with cash and equity.

Other Non Cash Items

(3.9 Million)
Africa Oil Corp (AOI) is traded on Toronto Exchange in Canada and employs 23 people. Africa Oil is listed under Oil & Gas Exploration & Production category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.06 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Africa Oil's market, we take the total number of its shares issued and multiply it by Africa Oil's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Africa Oil Corp operates under Oil, Gas & Consumable Fuels sector and is part of Energy industry. The entity has 456.89 M outstanding shares of which 1.18 M shares are presently shorted by private and institutional investors with about 1.91 days to cover all short positions. Africa Oil Corp has accumulated about 199.3 M in cash with (53.3 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.08.
Check Africa Oil Probability Of Bankruptcy
Ownership Allocation
Africa Oil Corp retains a total of 456.89 Million outstanding shares. Africa Oil Corp shows 16.3 percent of its outstanding shares held by insiders and 15.27 percent owned by other corporate entities. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Africa Ownership Details

Africa Stock Price Odds Analysis

Contingent on a normal probability distribution, the odds of Africa Oil jumping above the current price in 90 days from now is about 43.0%. The Africa Oil Corp probability density function shows the probability of Africa Oil stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Africa Oil has a beta of 0.8752. This suggests Africa Oil Corp market returns are highly reactive to returns on the market. As the market goes up or down, Africa Oil is expected to follow. Additionally, africa Oil Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 2.36HorizonTargetOdds Above 2.36
56.82%90 days
 2.36 
43.00%
Based on a normal probability distribution, the odds of Africa Oil to move above the current price in 90 days from now is about 43.0 (This Africa Oil Corp probability density function shows the probability of Africa Stock to fall within a particular range of prices over 90 days) .

Africa Oil Historical Income Statement

Africa Oil Corp Income Statement is one of the three primary financial statements used for reporting Africa's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Africa Oil Corp revenue and expense. Africa Oil Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Africa Oil's Total Operating Expenses is very stable compared to the past year. As of the 28th of March 2024, Total Other Income Expense Net is likely to grow to about 124.7 M, though Operating Income is likely to grow to (30.3 M). View More Fundamentals

Africa Stock Against Markets

Picking the right benchmark for Africa Oil stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Africa Oil stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Africa Oil is critical whether you are bullish or bearish towards Africa Oil Corp at a given time. Please also check how Africa Oil's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Africa Oil without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Fundamental Analysis

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Africa Oil Corporate Directors

Africa Oil corporate directors refer to members of an Africa Oil board of directors. The board of directors generally takes responsibility for the Africa Oil's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Africa Oil's board members must vote for the resolution. The Africa Oil board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Andrew BartlettIndependent DirectorProfile
Ian GibbsChief Financial Officer, DirectorProfile
Gary GuidryIndependent DirectorProfile
Kimberley WoodIndependent DirectorProfile

How to buy Africa Stock?

Before investing in Africa Oil, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Africa Oil. To buy Africa Oil stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Africa Oil. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Africa Oil stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Africa Oil Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Africa Oil Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Africa Oil Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Africa Oil Corp?

The danger of trading Africa Oil Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Africa Oil is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Africa Oil. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Africa Oil Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Africa Oil Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Stocks Directory module to find actively traded stocks across global markets.

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When running Africa Oil's price analysis, check to measure Africa Oil's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Africa Oil is operating at the current time. Most of Africa Oil's value examination focuses on studying past and present price action to predict the probability of Africa Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Africa Oil's price. Additionally, you may evaluate how the addition of Africa Oil to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Africa Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine if Africa Oil is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Africa Oil's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.