Africa Oil Intrinsic Value Calculator – Africa Oil Stock Drops Below 200-Day Moving Average of $2.07
May 20, 2023
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Africa Oil ($TSX:AOI) Corp., a Canadian oil and gas company that operates in East Africa, saw its stock price drop below the 200-day moving average of $2.07 on Tuesday. The stock has been under pressure in recent months due to a number of factors, including the fact that the company has been unable to close a deal with its exploration partner, Tullow Oil, that would unlock additional value. The drop below the 200-day moving average is a technical indicator that is generally viewed as an indication of a stock’s long-term trend.
As such, investors will be watching closely to see if the stock is able to bounce back above this key threshold. If the stock fails to hold above the 200-day moving average, it could be a sign of further bearish sentiment towards Africa Oil Corp.’s stock.
Stock Price
This marked the first time in more than 200 trading days that the stock has fallen below its 200-day moving average of CA$2.07. The company is focused on exploring and developing new regional opportunities in Africa, with a current focus on Ethiopia. In the past year, Africa Oil‘s stock has been volatile with its share price fluctuating up and down in response to market conditions.
Investors have grown increasingly cautious about the company’s prospects, as its drilling activities have yet to yield any significant results. With the recent drop below the 200-day moving average, Africa Oil may face further difficulties in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Africa Oil. More…
| Total Revenues | Net Income | Net Margin |
| 0 | -84 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Africa Oil. More…
| Operations | Investing | Financing |
| -27 | 114.1 | -69.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Africa Oil. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 917.1 | 78 | 1.82 |
Key Ratios Snapshot
Some of the financial key ratios for Africa Oil are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.0% | – | – |
| FCF Margin | ROE | ROA |
| – | -6.1% | -5.5% |
Analysis – Africa Oil Intrinsic Value Calculator
At GoodWhale, we have been examining the fundamentals of AFRICA OIL. After our analysis, we have determined that the fair value of AFRICA OIL share is around CA$3.2. This calculation is based on our proprietary Valuation Line. Currently, AFRICA OIL stock is trading at CA$2.6, which is undervalued by 19.5%. More…
Peers
The African oil and gas industry is highly competitive, with a number of large international companies operating in the region. Africa Oil Corp is one of the leading players in the industry, with a strong portfolio of assets and a proven track record of delivering shareholder value. The company is up against a number of well-established competitors, including Stamper Oil & Gas Corp, Brookside Energy Ltd, and Lansdowne Oil & Gas PLC.
– Stamper Oil & Gas Corp ($TSXV:STMP)
Stamper Oil & Gas Corp is a publicly traded oil and gas exploration and production company with a market cap of 1.22M as of 2022. The company has a Return on Equity of -53.53%. Stamper Oil & Gas Corp is engaged in the exploration, development, and production of oil and natural gas properties in the United States.
– Brookside Energy Ltd ($ASX:BRK)
The company’s market cap is 60.15M as of 2022, a Return on Equity of 6.74%. The company is engaged in the business of oil and gas exploration and production. The company’s primary focus is on the development of unconventional oil and gas resources in the Midland Basin of Texas.
– Lansdowne Oil & Gas PLC ($LSE:LOGP)
Lansdowne Oil & Gas PLC is a United Kingdom-based company, which is engaged in the exploration, development and production of oil and gas. The company has a portfolio of assets in the United Kingdom, Ireland, the Netherlands and Germany.
Summary
Investors in Africa Oil Corp. should be aware that the stock price has recently dropped below its 200-day moving average of $2.07. This is a key indicator of a downward trend, and suggests that the company’s stock price may continue to decline in the near future. It is recommended that investors perform further research in order to better understand any potential risks or opportunities associated with investing in Africa Oil. Technical analysis of the stock’s performance over time may provide insight into potential short-term or long-term trends.
Additionally, investors should be aware of any news or developments regarding the company and its industry that may influence stock performance.
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