Africa Oil (OTCMKTS:AOIFF) Shares Cross Below 200-Day Moving Average – Time to Sell?

Africa Oil Corp. (OTCMKTS:AOIFF) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.35 and traded as low as $1.30. Africa Oil shares last traded at $1.30, with a volume of 72,020 shares trading hands.

Africa Oil Stock Performance

The company has a market capitalization of $878.07 million, a price-to-earnings ratio of -1.55 and a beta of 0.60. The stock has a 50-day moving average price of $1.31 and a 200-day moving average price of $1.35. The company has a debt-to-equity ratio of 0.01, a current ratio of 8.99 and a quick ratio of 8.99.

Africa Oil (OTCMKTS:AOIFF) last released its quarterly earnings data on Wednesday, May 14th. The energy company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The business had revenue of $74.09 million during the quarter, compared to analyst estimates of $10.00 million. As a group, analysts forecast that Africa Oil Corp. will post 0.18 earnings per share for the current year.

Africa Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Thursday, March 27th were given a $0.0371 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 11.42%. Africa Oil’s payout ratio is -26.92%.

Africa Oil Company Profile

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.